dogecoin

#Dogecoin continues to slide lower, but has now reached price levels that hold historical significance.
The Dogecoin (DOGE) price struggles mirror a broader market downtrend. With Bitcoin sliding below $63,000 amid Strategy’s STRC preferred stock’s drop to $84 on Thursday, the crypto sector has followed suit.
The meme coin is down 1.3% already at the time of writing, building on its nearly 3% drop on Thursday. Since this week, DOGE has dropped 7%, as bears remain in full control of the market. Meanwhile, the meme coin is now approaching a zone that once sparked a price recovery.
Dogecoin at Historical Accumulation Zone
On the weekly chart, Dogecoin has drifted back into a price region that once acted as a foundation for a major price move. Since dropping to $0.080 in early February, the token appears to have started forming a price range.
Its price rebounded to $0.118 in May, but faced selling pressure there, forcing a retracement. Now, Dogecoin has retested the support level near the February lows. In the first week of June, DOGE slumped to $0.077 before bulls stepped in to prevent further downside.
Currently, it trades at $0.082, still around this key weekly support. This places the meme coin at a critical point in its long-term structure.
Notably, the current setup resembles a previous period when DOGE spent months consolidating near a multi-year support before eventually breaking into a stronger upward trend.
For context, between May 2022 and February 2024, prices remained close to the lower boundary of a broad accumulation range. Dogecoin hovered around the $0.050 support before eventually breaking out to December 2024’s high of $0.484.
Long-Term Support Remains Intact
What stands out is that Dogecoin continues to respect the current support around $0.080. Despite the current price weakness, every downtrend has ultimately found relief near this zone, preventing a deeper structural breakdown.
DOGE broke above the current support in February 2024 and has since not fallen below it. Notably, a quick pullback in August 2024 ended in a lower-price rejection. The asset is again testing an area that has historically attracted long-term accumulation.
Interestingly, similar conditions occurred before the recovery in the previous cycle. The extended periods of weakness gradually gave way to renewed momentum because Dogecoin did not lose key support levels.
Dogecoin Breakout Targets Higher Prices
If this $0.080 support area continues to hold, the focus will shift toward whether DOGE can reclaim higher resistance levels and establish a new upward trend. A decisive move away from the current range to reclaim key moving averages is a good start.
One of the important resistance levels to watch for long-term recoveries is the March 2024 high of $0.228, a 178% growth from here. Another one is the September 2025 high of $0.306, representing a 273% increase from the current price.
An 802% price surge to the current all-time high of $0.74 is a possibility if bullish momentum sustains. Meanwhile, the $1 dream could still come true. If the broader market enters a prolonged uptrend and the 2021 market conditions repeat, DOGE could explode by 1,120% to the long-anticipated price level.
#CryptonewswithJack

A fresh analysis has predicted when #Dogecoin will start to recover, when it will peak in the next bull market cycle, and its possible price target.
Market analyst KrissPax highlighted what he described as a 3.5-year Dogecoin cycle in his recent post on X. The analysis identified how the meme coin has historically trended according to the prevailing theory and how it will shape its price action in the coming market cycle.
Dogecoin Nears Lower Boundary of Its Long-Term Channel
This analysis comes as Dogecoin (DOGE) trends near a region that has played a critical role throughout its market history. The asset trades near the lower boundary of a series of ascending trend lines that have guided its price action for more than a decade.
Throughout previous cycles, major market bottoms formed near the lower boundaries of this rising channel before substantial upside moves followed. An example is in March 2020 when Dogecoin bottomed at $0.00134 after falling from the channel’s upper band at $0.018 in January 2018.
This level was just below the lower trendline, with DOGE finding support and subsequently rebounding to higher prices. A similar scenario occurred in 2015.
Now, DOGE is trading at $0.084, exactly at the channel’s lower boundary. The analyst noted that the token is “scraping the bottom” based on a logarithmic chart but does not rule out the possibility of further price weakness.
According to him, DOGE could briefly move below this trendline support as the ongoing bear market persists before establishing a durable bottom.
History Suggests Momentum Could Return Before 2027
Notably, the accompanying chart highlights three major bull cycles in 2017, 2021, and 2024. Each phase appears to follow a similar rhythm, with extended periods of consolidation and declining sentiment eventually giving way to renewed upward momentum.
Following the explosive rally to the current ATH of $0.74 in 2021, Dogecoin entered a prolonged corrective phase that has now lasted for over three years. Bullish momentum returned in late 2024, when DOGE bounced from a support trendline in August 2024 to this cycle’s high of $0.484.
The same thing happened in the previous cycle, when Dogecoin gained momentum in November 2020 and pumped aggressively in the first few months of 2021. If the historical pattern continues to play out, KrissPax suggests that stronger upward momentum could start later in 2026 and continue throughout 2027.
Dogecoin to Hit Peak in Spring of 2028
Using the 3.5-year Dogecoin cycle theory, the analyst projected that Dogecoin will likely peak in the spring of 2028, which is around March of that year. While there is no guarantee to it and cyclical trends do not perfectly rhyme, history shows a consistency in the timing of past bottoms and peaks.
For the target, the chart shows that Dogecoin will at least eye the upper boundary of the ascending channel, as it has unfailingly done in previous cycles. This would see the token potentially reach levels around $2.10, representing a staggering 2,400% increase from the current price of $0.084.
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