Dogecoin's $2 Target Confirmed by TradingShot Analysis

A new technical analysis by TradingShot suggests that Dogecoin (DOGE) could reach $2 by mid-2028, despite expectations for additional downside pressure in the near term.

In a TradingView post published on July 23, TradingShot argued that Dogecoin remains in the latter stages of a long-term market cycle.

The forecast comes as Dogecoin continues to trade below $0.10, extending a prolonged consolidation period since its 2021 peak. By press time, DOGE was trading at $0.07, down about 3.5% over the past week.

Before any major rally begins, TradingShot expects Dogecoin to face further downside. The analyst identified the upper boundary of the asset's four-year support zone near $0.058 as the likely area where the current cycle could bottom.