Dogecoin Price Breakdown Is Nothing To Worry About? This Long Term Structure Points Above $1

[Ben Graham]

The Dogecoin price has been experiencing severe volatility and extended periods of sideways trading in recent weeks. However, seasoned analysts suggest that there’s little reason to panic. Beneath the short-term turbulence lies a long-term structure that experts believe could set the stage for a major price breakout. They suggest that the broader technical picture paints a bullish narrative, one that could eventually drive DOGE above $1 once momentum resumes. 

Long-Term Accumulation Signal Dogecoin Price Next Bull Run

According to a technical analysis presented by crypto analyst EtherNasyonal on X social media this week, the Dogecoin price is preparing for a major bull run above $1. He explained that the DOGE’s price action remains within a powerful long-term Ascending Channel, maintaining structural integrity despite ongoing price fluctuations. His analysis of the monthly chart reveals that the meme coin has been establishing a multi-year accumulation base, similar to the patterns formed before its explosive rallies in 2017 and 2021. 

EtherNasyonal highlights that momentum is quietly building above key support levels, indicating that the next expansion phase could be forming. The chart illustrates that Dogecoin, which has been trading within a rising parallel channel since 2014, is currently consolidating around the lower boundary near $0.18. 

Historically, each time Dogecoin has completed a similar descending pattern within this structure, it has initiated a parabolic move upward. The previous breakout propelled the meme coin by several thousand percent, lifting it from fractions of a cent to all-time highs above $0.70. 

Dogecoin’s current chart setup suggests a repeat of this bullish behavior. A large, rounded base pattern is visible between 2022 and 2024, reflecting steady accumulation and a potentially decreasing selling pressure. EtherNasyonal’s projection targets the upper midline of the Ascending Channel, potentially above $1, if historical patterns play out as expected. 

Dogecoin False Breakdown Hints At Potential Reversal

On shorter timeframes, crypto analyst Trader Tardigrade provides additional context to Dogecoin’s current price action. His 4-hour chart highlights a “false breakout” followed by a “false breakdown.” Dogecoin initially broke above resistance near $0.206 but failed to hold, retracing sharply to retest the lower boundary around $0.178.

This quick reversal pattern, marked by aggressive selling followed by a swift rebound, often precedes a recovery move back toward former resistance levels. Trader Tardigrade’s chart structure indicates that the breakdown beneath the horizontal support level was short-lived, with buyers likely stepping in to absorb liquidity and push prices upward. 

The chart setup suggests that DOGE could soon reclaim the $0.20 – $0.21 region as the next target zone from its current price of $0.18. If the bounce continues and momentum aligns with the broader monthly structure, this could serve as the first leg of a sustained uptrend.