Dogecoin has become the center of attention again in the crypto market with its recent price movements. Analysts state that DOGE is approaching the critical support levels seen before the rise in the past and maintains its long-term cycle structure. Long-term charts show Dogecoin moving within a broad ascending channel spanning 2021-2027. The price is hovering near the lower band of this channel these days.
Support levels on the Cycle chart
Cryptollica, one of the prominent names in cryptocurrency analysis, pointed out in the chart shared on the X platform that DOGE still maintains its structure in the long-term cycle. In the analysis, it was emphasized that although the market sentiment was weak, Dogecoin’s ability to maintain its cycle structure was a critical sign for the markets.
Since 2021, the chart shows that the DOGE price has formed a bottom at $0.04, $0.05, $0.09, and $0.08 respectively. After each bottom zone, significant increases occurred. The notable peaks in the chart include $ 0.75 in 2021, $ 0.22 in 2024 and $ 0.49 recorded thereafter. It is observed that the price holds in the lower support zone before each rise.
While the “Cycle Score” value in the cycle table stood out as 19.9, the current regime was recorded as the “Rebuild” phase. It was reported that this indicator indicates that Dogecoin has not yet made a clear upward break.
In the chart, the RSI 2D indicator is also at 46.6 and the “Attention” metric is at 10.1. The values here indicate that an accelerated pricing based on intense interest has not started yet. Analysts stated that it should be monitored whether Dogecoin can hold on to the lower part of the channel. As long as we stay above the support line, the long-term positive cycle is maintained.
| Year | Bottom Price (USD) | Peak Price (USD) | Channel Location |
|---|---|---|---|
| 2021 | 0.04 – 0.05 | 0.75 | Bottom band / Base |
| 2024 | 0.08 – 0.09 | 0.22 | Bottom band / Base |
| – | – | 0.49 | Mid band and above |
Mini dictionary: Cycle Score is a technical analysis metric that shows which stage of the cycle is in the chart. This score helps break down momentum into major periods such as rebuilding, breakout, or euphoria.
Long-term channel support and potential movements
Another important technical analysis was shared by Roel Balboa on X. According to Balboa’s monthly chart, Dogecoin’s current price is very close to the blue ascending support line. The beginning of the chart dates back to 2014; This shows that the analysis covers the historical cycles of Dogecoin.
Following price movements touching this support line in the past, there have been remarkable upward jumps. Balboa stated that the price is currently testing the support line area, and the date of the net upward movement cannot be predicted. However, it was stated that if the current area is maintained, the DOGE price may move to the upper channel again.
Additionally, the green channel above the price on the chart symbolizes past bullish areas. Balboa emphasized that buyers must first defend the existing blue support line in order to reach this region. In addition, the curved black bands on the chart show the fluctuating movements of the price and important support-resistance transformations in long-term cycles.
In analysts’ opinion, if the price holds strong in the lower zone and buyers provide momentum, the chances of an uptrend will increase. Conversely, if the support line is lost, the cyclical structure may weaken.
The latest structure that determines the technical outlook in Dogecoin
Both technical analyzes show that Dogecoin is currently just above the long-term support zone, and is in the deciding phase. Especially as long as we stay in the bottom zone, the possibility of a new rise similar to past cycles remains.
Technical indicators reveal that the price has not yet given a definitive signal for an upward break. It is of critical importance for buyers to defend support in the short term in order to maintain the positive structure of the cycle.
Roel Balboa emphasized that “in order for Dogecoin to return to the upper channel, the price movement around the blue support line must be maintained, and for a new rise, it is essential to regain the momentum.”
If DOGE maintains this area and reacts upward, a new momentum expectation may arise in the markets. However, if the support is broken, the current cycle structure may weaken. For this reason, price movements in the coming days are being closely monitored, especially for Dogecoin.
