6 hours ago
516
Despite consolidating around the $0.24 area for 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 pattern in 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 shared on 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.
The chart showcases how altcoins and the IWM help depict how the Dogecoin price historically lags behind 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 index surpasses its previous all-time high.
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 accumulation before 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 reinforced Dogecoin’s bullish thesis by emphasizing that a price discovery is imminent. His long-term chart, dating back to 2014, outlines three major accumulation and expansion cycles, each undergoing its own level of sideways action before a dramatic surge.
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.
English (US)