“Dogecoin is ready to repeat the 2021 cycle,” said popular crypto expert @CryptoKaleo, publishing on X a chart showing that the current price action resembles that of January 2021. Back then, after months of accumulation in a descending range, DOGE made a sharp rally and surged by more than 8,000%, reaching $0.7376.

As the analyst noted – “Right now, the chart is showing a setup similar to the one that preceded the epic breakout in 2021.” He set a target price of $6.9420 and suggested that crypto treasury companies could purchase Dogecoin worth billions of dollars. He also pointed out that whale activity has risen to a one-month high.