Dogecoin has now entered the longest phase since reaching its all-time high in history - over 1,550 days and still counting - with a warning from cryptocurrency analyst VisionPulsed that while a breakout may eventually occur, the asset remains stuck in what he calls a "forever bearish" pattern.

In the update video on August 6, VisionPulsed provided an in-depth analysis from macro to micro on the price movements of Dogecoin, highlighting the historical underperformance of this coin compared to other large-cap cryptocurrencies. "We are currently setting a Guinness World Record for the number of days below Dogecoin's all-time high," he remarked. "The first cycle was 1,200 days, the second cycle was 1,126 days. Currently, we are at an astonishing over 1,550 days."

He argues that this milestone is not only symbolic but also reflects a profound structural weakness in DOGE's market cycle. And despite the growing speculation in macro circles about the possibility of a reversal due to liquidity, he still does not believe that Dogecoin is ready to respond.

The main theme of the analysis is global M2 money supply, which VisionPulsed has been tracking for months as a leading macro indicator of cryptocurrency risk appetite. While acknowledging that M2 supply bottomed out in June, he emphasized that this alone has not necessarily triggered an immediate price increase for Dogecoin.

"Global M2 has bottomed out... but Dogecoin did not rise until M2 surged. And we still do not have that," he explains. "Can we still be pessimistic? Technically, yes... because pessimism will always exist forever."

In contrast, Ethereum is described by the analyst as "much more sensitive to M2" and has begun to show signs of recovery. This divergence, in his view, reinforces the opinion that DOGE may continue to consolidate or retrace before significant movement.

VisionPulsed believes that Dogecoin is likely forming an uncertain consolidation structure, similar to previous stages that eventually moved upward. He does not rule out the possibility of prices increasing in the near future - especially if prices hold steady at current levels until mid-August - but warns that the bullish scenario remains highly dependent on conditions.

"If Dogecoin can execute this move [sideways accumulation] correctly, then it will shift to an upward trend," he said, referring to a historical fractal that occurred before previous price increases. He pointed out the similarity between sentiment indicators (such as YouTube views) and market behavior, noting that in previous local bottoms, low levels of interaction marked the exhaustion of retail investors.

However, this time, he acknowledges that the bottom may have formed higher - possibly due to the market becoming more mature or broader interest in cryptocurrency assets.

Long-Term Target: $0.90 to $1.50

Although the current sentiment remains cautious, VisionPulsed outlined a clear set of long-term price targets if and when a true macro reversal occurs. He divides these targets into two categories: cautious and speculative. "The more cautious estimate... is the lower threshold, 90 cents compared to 1.14," he said, noting that the level of $0.91 and above could start to form peaks under the right conditions.

For the more optimistic, the so-called "moonboys," he still sees room - although less likely - for a price surge to $1.50 or even $2. "Even I used to say $2," he added. "I think the highest I can set for a moonboy is right here, in the range of $2 to $1.50."

The important thing is that he did not make any predictions with a time limit, but only reiterated that macro trends, M2 speed, and overall sentiment about altcoins must first align for any of these goals to take effect.

As the cryptocurrency market enters the final months of the year, VisionPulsed points out that historical cycles often accelerate around this period, with some price spikes ultimately beginning around August-September. "The closer we get to the end of the year, the more the market has to accelerate... At least in recent history, when we reached the current level, the market has gone up for its final price surge," he noted.