Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The Dogecoin price has been experiencing severe volatility and extended periods of sideways tradingin recent weeks. However, seasoned analysts suggest that there’s little reason to panic. Beneath the short-term turbulence lies a long-term structure that experts believe could set the stage for a major price breakout. They suggest that the broader technical picture paints a bullish narrative, one that could eventually drive DOGE above $1once momentum resumes. Long-Term Accumulation Signal Dogecoin Price Next Bull Run
According to a technical analysis presentedby crypto analyst EtherNasyonal on X social media this week, the Dogecoin price is preparing for a major bull runabove $1. He explained that the DOGE’s price action remains within a powerful long-term Ascending Channel, maintaining structural integrity despite ongoing price fluctuations. His analysis of the monthly chart reveals that the meme coin has been establishing a multi-year accumulationbase, similar to the patterns formed before its explosive rallies in 2017 and 2021. Related Reading Why The Dogecoin Price Is At Risk Of Another 10% Crash 2 days ago
EtherNasyonal highlights that momentum is quietly buildingabove key support levels, indicating that the next expansion phase could be forming. The chart illustrates that Dogecoin, which has been trading within a rising parallel channel since 2014, is currently consolidating around the lower boundary near $0.18. Source: Chart from EtherNasyonaL on X
Historically, each time Dogecoin has completed a similar descending pattern within this structure, it has initiated a parabolic move upward. The previous breakout propelled the meme coin by several thousand percent, lifting it from fractions of a cent to all-time highs above $0.70.
Dogecoin’s current chart setup suggests a repeat of this bullish behavior. A large, rounded base pattern is visible between 2022 and 2024, reflecting steady accumulation and a potentially decreasing selling pressure. EtherNasyonal’s projection targets the upper midline of the Ascending Channel, potentially above $1, if historical patternsplay out as expected. Dogecoin False Breakdown Hints At Potential Reversal
On shorter timeframes, crypto analyst Trader Tardigrade provides additional context to Dogecoin’s current price action. His 4-hour chart highlightsa “false breakout” followed by a “ false breakdown.” Dogecoin initially broke above resistance near $0.206 but failed to hold, retracing sharply to retest the lower boundary around $0.178. Related Reading Dogecoin Price Macro Target Remains Above $2, And The Market Crash Hasn’t Changed It 6 days ago
This quick reversal pattern, marked by aggressive sellingfollowed by a swift rebound, often precedes a recovery move back toward former resistance levels. Trader Tardigrade’s chart structure indicates that the breakdown beneath the horizontal support level was short-lived, with buyers likely stepping in to absorb liquidity and push prices upward.
The chart setup suggests that DOGE could soon reclaim the $0.20 – $0.21 region as the next target zone from its current price of $0.18. If the bounce continues and momentum aligns with the broader monthly structure, this could serve as the first leg of a sustained uptrend. DOGE trading at $0.18 on the 1D chart | Source: DOGEUSDT onTradingview.com Featured image from Getty Images, chart from Tradingview.com