Dogecoin’s bullish structure is strengthening again, with traders eyeing a potential return to the spotlight as the meme coin bounces from key support levels.
According to analyst Ali Martinez, DOGE recently rebounded from channel support, setting up a potential climb toward $0.29, with extended targets at $0.45 and $0.86 if momentum continues. The rebound coincides with increasing volume and a tightening market structure that often precedes large price movements.
Repeating Price Patterns Suggest Long-Term Cycle Advancement
Adding to the bullish case, Bitcoinsensus highlighted a repeating price pattern suggesting Dogecoin may be entering the next phase of its long-term cycle. Their analysis shows DOGE historically printing major breakouts, +300%, +500%, and now potentially +800%, before temporary corrections.
If this fractal holds, the next move could push DOGE’s price above $1, aligning with long-term resistance targets and renewed retail enthusiasm. Analysts note that momentum appears to be accelerating with each cycle, a pattern rarely sustained for this long in the meme coin sector.
Outlook and Potential Breakout
While the market remains volatile, DOGE’s technical structure suggests the next few weeks could be pivotal. A confirmed breakout above $0.29 would likely mark the start of another parabolic run for the original meme coin.