Dogecoin Price Breakdown Is Nothing To Worry About? This Long Term Structure Points Above $1

The Dogecoin price has been experiencing severe volatility and extended periods of sideways trading in recent weeks. However, seasoned analysts suggest that there’s little reason to ￰0￱ the short-term turbulence lies a long-term structure that experts believe could set the stage for a major price ￰1￱ suggest that the broader technical picture paints a bullish narrative, one that could eventually drive DOGE above $1 once momentum resumes. Long-Term Accumulation Signal Dogecoin Price Next Bull Run According to a technical analysis presented by crypto analyst EtherNasyonal on X social media this week, the Dogecoin price is preparing for a major bull run above $1.

He explained that the DOGE’s price action remains within a powerful long-term Ascending Channel, maintaining structural integrity despite ongoing price ￰2￱ analysis of the monthly chart reveals that the meme coin has been establishing a multi-year accumulation base, similar to the patterns formed before its explosive rallies in 2017 and ￰3￱ Reading: Why The Dogecoin Price Is At Risk Of Another 10% Crash EtherNasyonal highlights that momentum is quietly building above key support levels, indicating that the next expansion phase could be ￰4￱ chart illustrates that Dogecoin, which has been trading within a rising parallel channel since 2014, is currently consolidating around the lower boundary near $0.18.

Historically, each time Dogecoin has completed a similar descending pattern within this structure, it has initiated a parabolic move ￰5￱ previous breakout propelled the meme coin by several thousand percent, lifting it from fractions of a cent to all-time highs above $0.70. Dogecoin’s current chart setup suggests a repeat of this bullish behavior. A large, rounded base pattern is visible between 2022 and 2024, reflecting steady accumulation and a potentially decreasing selling pressure. EtherNasyonal’s projection targets the upper midline of the Ascending Channel, potentially above $1, if historical patterns play out as ￰6￱ False Breakdown Hints At Potential Reversal On shorter timeframes, crypto analyst Trader Tardigrade provides additional context to Dogecoin’s current price ￰7￱ 4-hour chart highlights a “false breakout” followed by a “false breakdown.” Dogecoin initially broke above resistance near $0.206 but failed to hold, retracing sharply to retest the lower boundary around $0.178.

Related Reading: Dogecoin Price Macro Target Remains Above $2, And The Market Crash Hasn’t Changed It This quick reversal pattern, marked by aggressive selling followed by a swift rebound, often precedes a recovery move back toward former resistance ￰8￱ Tardigrade’s chart structure indicates that the breakdown beneath the horizontal support level was short-lived, with buyers likely stepping in to absorb liquidity and push prices ￰9￱ chart setup suggests that DOGE could soon reclaim the $0.20 – $0.21 region as the next target zone from its current price of $0.18. If the bounce continues and momentum aligns with the broader monthly structure, this could serve as the first leg of a sustained ￰10￱ image from Getty Images, chart from ￰11￱