Dogecoin ($DOGE ) has now remained below its all-time high for over 1,550 days, marking the longest period of decline in its history. According to crypto analyst VisionPulsed, the digital asset remains entrenched in what he describes as a “perpetually bearish” pattern, despite optimistic hopes for an imminent breakout.
In a comprehensive video analysis released on August 6, VisionPulsed examined Dogecoin’s historical price movements, drawing comparisons between its extended consolidation phase and previous market cycles. He pointed out that while past cycles typically lasted around 1,100 to 1,200 days, Dogecoin’s current downturn has surpassed 1,550 days—setting a new record.
He emphasizes that this isn’t merely a noteworthy statistic but a sign of underlying weakness in Dogecoin’s structure when compared to more robust large-cap cryptocurrencies.
Reasons Behind Dogecoin's Stagnation
A significant element of VisionPulsed’s analysis centers on the global M2 money supply—a key indicator of worldwide liquidity and investor risk appetite. Although M2 hit its lowest point in June, it has yet to show signs of a strong rebound, which helps explain Dogecoin’s lack of upward movement.
> “Dogecoin didn’t rally the last time until M2 started increasing rapidly,” he explained. “And that hasn’t happened yet.”
He also noted that while Ethereum shows increased sensitivity to M2 and has begun to recover, Dogecoin remains in a state of uncertain consolidation. There’s still potential for upward movement—particularly if $DOGE maintains its current levels through mid-August, which could mirror patterns seen before prior rallies.
Additionally, retail interest appears to be very low, as evidenced by metrics such as YouTube views, which often serve as indicators that a market bottom may be near, based on historical trends.
Price Outlook: $0.90 to $1.50… or Even Higher?
Despite a cautious outlook, VisionPulsed shared two long-term price projections:
- Conservative estimate: Between $0.90 and $1.14
- More optimistic scenario: Between $1.50 and $2.00 (aimed at “moonboys,” as he humorously referred to them)
He acknowledged that he once believed Dogecoin could reach $2 but now considers $1.50 a more realistic ceiling, contingent on macroeconomic developments.
> “There’s no set timeline,” he stated. “The overall M2 trend, market sentiment, and strength of altcoins must all align before we see those levels.”
What to Watch for in the Coming Months
Historically, the cryptocurrency market tends to gain momentum toward the end of the year. VisionPulsed highlighted that August and September often bring price surges—potentially still achievable if the right conditions materialize.
In essence, while Dogecoin’s extended bearish phase persists, the upcoming months could prove pivotal. If global liquidity improves and Dogecoin consolidates properly, a breakout might occur. However, patience remains essential.