Dogecoin Price Tests Historic Levels—Could This Trigger the Next Uptrend?
Key Insights:
- Dogecoin price is defending secular support around the weekly 400 SMA.
- Monthly structure continues to favor an uptrend test over a confirmed breakdown.
- Fractal and channel models indicate that consolidation may precede renewed expansion.
Dogecoin price is trading around long-term support after an intense corrective phase. The broader structure suggests that the uptrend is being tested rather than broken. Analysts are now monitoring if and when support holds before momentum builds again.
Dogecoin Price Holds the Uptrend
Dogecoin price continues to trade within a broad rising structure on the monthly chart. This structure has tied great cycle lows and has guided price for several years. When the price returns to this spine, volatility is usually high, and direction is unclear. The recent decline is consistent with that historical pattern rather than a breakdown.
According to Trader Tardigrade’s analysis, the monthly setup still shows an uptrend.
He pointed to rounded bottom formations that appeared after previous corrections. Those shapes typically signal absorption rather than panic-driven selling. In previous cycles, similar pullbacks have resolved into sideways ranges before resuming the trend.
DOGEUSD Monthly Chart | Source: Tardigrade, X
He also noted that Dogecoin price respected the rising trendline during recent selling. This trend suggests that long-term buyers remain around structural support.
Although momentum weakened, the overall framework is constructive. As long as the trend spine holds, the move is more like a reset than a reversal.
Support Zones Define Risk as Weekly Signals Cluster
On the weekly timeframe, Dogecoin price is trading against a critical secular support zone. This area corresponds very well with the 400-period simple moving average. Such averages are often long-term equilibria for extended market cycles.
Trader Tardigrade described the weekly 400 SMA as an ultimate floor for the long-term investors. Historically, price reactions around this level were followed by multi-month recoveries. Even when price dipped briefly below it, rebounds followed relatively quickly. That history adds to the significance of the current interaction.
DOGE Secular Support Level | Source: Tardigrade, X
However, secular supports rarely cause immediate rallies. Instead, they often attract price into periods of extended consolidation. Sideways movement can persist while supply and demand rebalance.
For Dogecoin, it is more important to hold this zone than to focus on short-term fluctuations. A sustained fall below it would significantly alter the overall risk picture.
Historical Fractals Revive Upside Interest
Beyond moving averages, pattern repetition is shaping sentiment. Several analysts are comparing the current Dogecoin price behavior to previous accumulation ranges. The point is to determine if history is echoing rather than repeating itself exactly.
CryptoElara identified a recurring pattern centered near $0.11. She noted that there were similar consolidations in the past that preceded great upside expansions. One historical example provided gains of more than 300% after compression. That comparison has sparked renewed bullish interest despite ongoing consolidation.
Dogecoin price stabilizes near long-term support as analysts assess the structure of the uptrend, secular floors, and channel dynamics shaping the next move.
The post Dogecoin Price Tests Historic Levels—Could This Trigger the Next Uptrend? appeared first on The Market Periodical.
You May Also Like
Regulatory Clarity Could Drive 40% of Americans to Adopt DeFi Protocols, Survey Shows
Michael Burry’s Bitcoin Warning: Crypto Crash Could Drag Down Gold and Silver Markets
