Dogecoin has been under pressure in recent days, with the price plummeting more than 35% in the past month to a local new low of $0.14. Although there have been intermittent rebounds in Dogecoin's price, the trend remains relatively weak, and it is currently retesting the long-term trend line since its historical peak in 2021.
There is speculation about how long this pullback will last and when the next major reversal will begin. A technical forecast from a cryptocurrency analyst indicates that Dogecoin is still expected to reach new highs in August.
Estimating Dogecoin's peak formation
Cryptocurrency analyst Javier posted on social media platform X, showcasing the repetitive pattern of how long it typically takes for Dogecoin to form bottoms and tops, drawing attention to Dogecoin's past performance during major bull market cycles. According to the charts and notes shared by this analyst, historical bottoms typically form within 112 to 133 days, averaging around 122 days.
Meanwhile, Dogecoin's cycle tops have historically formed within 91 to 119 days, averaging about 107 days. Since 2017, these durations have remained consistent across multiple cycles. The following chart visually demonstrates this trend, highlighting four different breakouts and corrections from 2017 to the current cycle.
Data shows that Dogecoin (DOGE) is currently experiencing a similar phase. According to analysis, Dogecoin fell to around $0.14 in April. Interestingly, despite the sharp drop in the past 24 hours, Dogecoin seems to have maintained this low.
Source: Javier on X
The current price trend is moving towards a new peak, which on average takes 119 days. More importantly, analysts point out that in any past cycle, the longest time required for Dogecoin to reach a peak has been 119 days. If this happens again, analysts suggest that August 4, 2025, is likely to be the peak of Dogecoin's current price trend. This means that before the next reversal hits a new low, a strong upward trend may appear soon. Based on the current situation, the reversal should start between the next 14 to 49 days.
Reversal window between mid-July and early August
Analysts predict that if the current pattern holds, Dogecoin's next significant reversal could occur around 49 to 14 days before it is expected to peak on August 4. This means that from now until mid-July to early August, Dogecoin's price may experience a bottom and a new high.
This means that before re-entering a bullish trend, Dogecoin may still experience short-term declines or sideways consolidation. As of this writing, Dogecoin is trading at $0.1642, having risen 5.7% in the past 24 hours.
