$DOGE
🚨 Long-Term Analysts Point to Structural Bottom Formation on Dogecoin Price 🚨
Additional bullish signals have emerged from long-term chart watchers. According to the Investments CEO, the DOGE/USDT weekly chart showeda clear higher low and a trendline retest. The analyst shared a chart indicating a projected breakout that may extend as high as $1.16 in the next major leg up, should the current setup hold.
Echoing this view, pseudonymous analyst Astronomer noted that DOGE price may have already bottomed after establishing support near $0.165. Drawing comparisons to October 2024, when Dogecoin price rallied over 500%, the analyst highlighted a similar structure forming now. The thesis is based on high time-frame market cycles, with altcoins typically finding their lows shortly after Bitcoin does.
Astronomer added that spot holdings and defined risk zones near current levels make DOGE price an attractive asymmetric opportunity. The Relative Strength Index (RSI) on the 2-day chart is also showing a mild bullish divergence, which often precedes trend reversals in such macro structures.