$DOGE: Is a Drop Coming — or the Breakout
Everyone’s Waiting For? 🐶📉📈
Dogecoin has now been in a downtrend for
over 1,550 days — the longest stretch below
its all-time high in the coin’s entire history.
That’s not just a stat — it’s a red flag that
deserves attention.
In a recent deep-dive by analyst
VisionPulsed, the picture becomes even
clearer: DOGE is still locked in what he calls
a “forever bearish” structure, even though
some are still betting on a breakout.
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🕰️ Why This Cycle Feels Different
In his August 6 video, VisionPulsed
compared DOGE’s current price action with
previous crypto cycles. Here’s the key
insight:
Past consolidation cycles lasted around
1,100–1,200 days
This one? It’s already passed 1,550 days —
and counting
That duration alone shows relative weakness
in DOGE compared to stronger large-cap
plays. In other words, time isn’t on its side
right now — unless we get a clear macro shift.
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💸 M2 Money Supply = The Missing Catalyst?
One of the strongest points in the analysis
was the focus on M2 money supply — a
global liquidity metric that influences risk
appetite across markets.
M2 bottomed in June, but hasn’t surged yet
DOGE hasn’t reacted — just like last cycle,
when it stayed flat until M2 picked up fast
Ethereum, being more sensitive to M2, has
already started to show early signs of
recovery
Right now, DOGE is caught in a frustrating
consolidation zone with no breakout
confirmation.
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🔍 My Take: Still Watching Mid-August Closely
There’s still potential for upside if DOGE can
hold its current levels into mid-August.
Historically, similar setups have led to strong
reversals — but without momentum from
global liquidity or investor sentiment, it may
just stay sideways.
I’ll be watching volume, M2 shifts, and
DOGE’s ability to stay above local support
over the next two weeks.
Bottom line: Not writing off the breakout —
but not blindly bullish
either. Staying patient and data-driven here.