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. Despite consolidating around the $0.24 areafor months now, a new technical analysis suggests that the Dogecoin price could be gearing up for another explosive move this cycle. A crypto analyst has identified a recurring rounded bottom patternin DOGE’s historic price chart, suggesting a familiar setup that often precedes massive rallies. The analyst argues that a combination of technical structure and macroeconomic conditions could once again send Dogecoin flying. Macro Correlations Suggest Dogecoin Price Rally Ahead
In an extensive analysis sharedon X social media, crypto market analyst Osemka highlighted a recurring pattern of rounded bottom formations in Dogecoin’s long-term price chart. His study compares the meme coin’s price behaviour against the iShares Russell 2000 ETF (IWM) and other altcoins collectively labelled as “ALTS (OTHERS),” illustrating how macroeconomic cycles influence crypto risk assets. Related Reading Rounded Bottom Formation Shows When Dogecoin Price Will Begin ‘Flying’ 3 hours ago
The chart showcases how altcoins and the IWM help depict how the Dogecoin price historically lagsbehind broader market movements during early “risk-on” phases before entering its explosive bullish phase. Osemka pointed out that once IWM breaks out, altcoins typically begin to rally, yet DOGE remains dormant for a short period. However, the real price acceleration tends to occur only after the altcoin indexsurpasses its previous all-time high. Source: Chart from Osemka on X
The cyclical lag effect of the rounded bottom series positions the Dogecoin price as a late mover that benefits from the spillover momentum from IWM and “OTHERS.” The patterns mark long consolidation phases of accumulationbefore the analyst’s projected parabolic ascent begins. More importantly, the current market appears to align with these same pre-rally conditions, signaling that the meme coin is getting ready to “fly”but only when the macro environment shifts to “risk-on mode.” Expert Eyes Upcoming Dogecoin Price Discovery
In a separate analysis, ‘Zero,’ another crypto market expert on X reinforcedDogecoin’s bullish thesis by emphasizing that a price discoveryis imminent. His long-term chart, dating back to 2014, outlines three major accumulation and expansion cycles, each undergoing its own level of sideways actionbefore a dramatic surge. Related Reading Dogecoin Price Vs. M2 Global Money Supply: The Trend That Points To $1 And $100s Of Billions In Market Cap 3 days ago
The chart highlights previous explosive phases of 218x and 548x during past bull markets, with a projected 50x move, suggesting that Dogecoin is once again nearing the end of a consolidation phase and preparing for a major breakout. The green shaded area on Zero’s chart represents historical accumulation zones—the quiet consolidation periods that often precede strong price rallies. DOGE trading at $0.24 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com