Dogecoin News Today: Dogecoin Trapped Below All-Time High for 1,550 Days as Analyst Forecasts $0.90–$1.50 Rally Potential

Dogecoin has spent over 1,550 days below its all-time high, a record for the meme-based cryptocurrency, according to crypto analyst VisionPulsed. This prolonged period below peak levels suggests deep structural weakness in Dogecoin’s market cycle. In a recent analysis, VisionPulsed emphasized that while the Global M2 money supply reached a bottom in June, this has not yet translated into a price rally for DOGE, which historically requires a sharp rise in M2 to trigger bullish momentum [1].

VisionPulsed described Dogecoin as locked in a “bearish forever” pattern, noting that its price movement remains subdued compared to other large-cap cryptocurrencies like Ethereum, which has shown early signs of recovery. He stressed that DOGE is less responsive to macroeconomic indicators and is likely to continue consolidating or retracing until broader conditions align [1].

The analyst also pointed to the possibility of a sideways accumulation phase, similar to those observed before past rallies. If Dogecoin manages to hold key levels through mid-August, it could transition into a more bullish structure. However, this scenario is conditional and depends on both price behavior and sentiment metrics such as YouTube view counts, which historically have signaled market exhaustion at local bottoms [1].

Long-term price targets from VisionPulsed remain cautious but defined. A conservative estimate for a potential rally suggests a price range between $0.90 and $1.50, with $0.91 acting as a key psychological level for bullish momentum. For more speculative scenarios, the analyst acknowledged that a move toward $1.50—or even $2—is not entirely out of the question, though he emphasized that such outcomes are highly unlikely without a macroeconomic turnaround and alignment with broader altcoin sentiment [1].

VisionPulsed also noted that historical crypto cycles often accelerate in late summer and early fall, with final rallies frequently emerging between August and September. Given this pattern, he expects that if a reversal occurs, it may gain more momentum as the year progresses. However, no time-bound predictions are made, as the path to any of these price targets remains contingent on macroeconomic developments and market dynamics.

At the time of the analysis, Dogecoin was trading at $0.206, still far from the analyst’s long-term price projections [1]. While the current price environment remains bearish, VisionPulsed’s framework offers a roadmap for potential bullish scenarios, should the right conditions unfold.

Source:

[1] title:Dogecoin Doomed To Chop? Analyst Sees $0.90–$1.50 Top—But Not Anytime Soon

url:https://www.newsbtc.com/news/dogecoin/dogecoin-doomed-to-chop/