Dogecoin (DOGE) may have reached a definitive cycle bottom, according to converging technical and on-chain analyses, even as the meme coin trades at $0.083 after a steep decline from its May high near $0.117.
Market expert Cryptollica highlighted that DOGE has once again touched a long-term support trendline that has marked every major bottom since 2021. This line held near $0.095 in 2021, $0.045 in 2022, and $0.055 in 2024, each time preceding a sharp recovery. The analyst called the latest retest—which occurred after a crash to roughly $0.085 earlier in 2026—a “perfect bottom,” noting that sentiment has deteriorated to the same fearful, low-interest levels seen at prior reversal points. If the pattern repeats, Cryptollica sees a recovery phase with a potential upside target of $1.60.
Meanwhile, on-chain analyst Ali Charts reported that the Tom DeMark Sequential indicator, which accurately predicted a 31% correction ahead of the May sell-off, has now flipped to a buy signal. Combined with a cost-basis cluster around $0.081, where 30 billion DOGE were last transacted, the $0.081 zone is being watched as a critical demand floor. Despite bearish signals from the MACD and an expanded Bollinger Band drop below the 20-period moving average, the buy signal and cost-basis support suggest a potential rebound.
Long-term patterns are also drawing attention. Another analyst, Trader Tardigrade, pointed to a monthly falling wedge structure that mirrors the 2014–2017 consolidation before DOGE’s 18,000%+ surge in 2021, with projected targets ranging from $3 to $5. On the adoption front, House of Doge and MoonPay announced a partnership enabling DOGE payments at over 6,000 merchants, adding fundamental use-case momentum. Still, caution is warranted: futures open interest dropped 3.12% to $1 billion and trading volume fell, indicating a cautious market awaiting confirmation of the bottom.
