Dogecoin may not be finished with its multi-year compression phase if a new XRP fractal chart from analyst Charting Guy continues to track. The setup suggests DOGEโs next decisive run toward a prior-cycle high could arrive around mid-2028, with the chart mapping a prolonged base before any attempt at a breakout.
Charting Guy shared the updated DOGE/XRP fractal on May 4, writing simply: โDOGE with XRP fractal update ๐.โ The chart overlays an XRP-style historical price structure onto Dogecoinโs weekly Binance chart, showing DOGE trading near $0.107 while still contained inside a broad multi-year triangle that began after the 2021 blow-off top.
What This Could Mean For Dogecoin Price
The projected blue fractal line does not show an immediate vertical expansion. Instead, it sketches out a slow, grinding path through the remainder of 2026 and into 2027, with DOGE continuing to work through the same kind of lengthy post-euphoria consolidation that defined XRPโs prior cycle structure. The actual breakout phase, according to the overlay, would not begin until after the pattern approaches its apex, with the major acceleration appearing closer to mid-2028.
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That is where the all-time high question becomes relevant. DOGEโs previous peak is marked near the 1.0 Fibonacci level at roughly $0.7605. The fractal projection does not place Dogecoin cleanly above that zone in the near term; rather, it implies that the asset would need to spend considerably more time compressing before retesting the upper cycle range. If the XRP fractal continues to hold, DOGEโs new all-time high attempt would likely come around the late-2028 window, not during the early stages of the current structure.
Charting Guy had already framed the setup in January as a constructive development for DOGEโs cycle position. At the time, he wrote: โthe good thing is, if this is happening, then the worst of it is over.. DOGE.โ That earlier comment matters because the fractal is less about a straight-line price target than about where DOGE may sit in a larger market structure: after the deepest downside, but before the strongest expansion phase.
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The chart also includes several Fibonacci extensions above the prior high, including levels around $1.451, $1.607, $2.362 and $4.130. Those levels drew attention from users, with one commenter asking: โ$4? Thatโs it.โ Charting Guy pushed back on that interpretation, replying that the chart โdoes not imply that,โ indicating that the fractal should not be read as a direct promise of a $4 DOGE target.
Before DOGE could challenge its former all-time high, the chart shows several Fibonacci levels acting as potential waypoints. The first major levels on the way up are the 0.236 Fib near $0.107, followed by the 0.382 level around $0.139, the 0.5 level near $0.193, the 0.618 level at roughly $0.267, the 0.702 level near $0.336, and the 0.786 level around $0.423. Above that, the 0.888 Fib sits near $0.559, before DOGE would reach the prior-cycle high zone marked around $0.7605.
At press time, DOGE traded at $0.11188.
Featured image created with DALL.E, chart from TradingView.com
