📊 Analyst: Dogecoin May Hit $1.50, But Not Before More Chop
Dogecoin has now been below its all-time high for almost 1,500 days, and crypto researcher VisionPulsed warns that although a breakthrough may happen, the asset remains in a “bearish forever” pattern.
VisionPulsed's August 6 video update showed Dogecoin's past underperformance relative to other large-cap cryptocurrencies in a dismal macro-to-micro study. “We’re now setting a Guinness World Record for most days below Dogecoin’s all-time high,” he said. “First cycle was 1,200 days, second 1,30. Our current count is 1,550+ days.”
He said the milestone is meaningful but also indicates DOGE's market cycle structural fragility. Even while macro analysts are talking about a liquidity-driven reversal, he's not persuaded Dogecoin is ready to react.
“Global M2 bottomed, but Dogecoin did not rise until it rose. We don't have it yet, he said. Could we remain bearish? This is technically true, since it is always bearish.
Ethereum is “much more sensitive to the M2,” and the expert says it is recovering. This discrepancy suggests DOGE may stabilize or retrace before making a big move, he believes.
VisionPulsed believes Dogecoin is creating a choppy consolidation structure like previous stages that ended positively. He doesn't rule out a rebound, especially if price retains current levels until mid-August, but he warns that the optimistic thesis is very conditional.
VisionPulsed sets long-term price objectives if a macro reversal occurs, notwithstanding the cautious tone. He divides them as conservative and speculative. “A conservative estimate is 90 cents to 1.14,” he added, adding that $0.91+ might indicate a peak under certain situations.
For the more optimistic “moonboys,” he sees possibilities for a run toward $1.50 or $2, but less probable. He said, “Even I used to say $2.” “I think the highest I could go for a moonboy expectation is probably $2 to $1.50.”
