A prominent crypto analyst is warning traders not to ignore Dogecoin's current price structure, identifying a recurring cycle pattern that historically preceded each major DOGE bull rally since 2021. According to analyst Cryptollica on X (formerly Twitter), DOGE is trading near the lower boundary of a multi-year descending channel — a level that has repeatedly acted as a launchpad for massive price surges once the market least expected it.
The chart shared by Cryptollica highlights that every significant expansion began after the crowd abandoned Dogecoin, with sentiment in the dumps and public interest dead. Today’s metrics align closely with those past setups: a Crypto Cycle Score of 19.9 suggests the meme coin may be in a rebuilding phase, a Mayer Multiple of 0.64 places it well below its long-term moving average, an attention score of 10.1 confirms minimal retail involvement, and a Bollinger Band Width of 138 signals compressed volatility. All these readings, combined with negative market psychology, mirror conditions that preceded DOGE’s rallies from $0.04 in mid-2022 to $0.49 by mid-2024.
Additional technical and on-chain data reinforce the narrative. A separate post by Bitcoinsensus shows Dogecoin testing a long-term ascending support line that marked cycle lows in 2017, 2020, and 2026. DOGE has moved near $0.105, just above this trendline. If buyers defend the zone, it would confirm the support structure. Meanwhile, net buying according to CW data remained positive for a third straight day across major exchanges — Coinbase, Binance spot, Binance perpetual futures, and OKX — as DOGE traded around $0.101 to $0.102. While the asset has not yet broken above local highs near $0.102, the persistent bid suggests underlying accumulation.
Cryptollica concluded that these converging signals — chart structure, diminished hype, and stealth buying — could fool many participants, just as similar setups did in past cycles. The analysis stops short of a definite price target but underscores the danger of ignoring a meme coin that has historically defied bearish consensus.
