This setup is the basis of a new analysis from crypto analyst ÐOGECAPITAL, who argues that Dogecoin is now sitting in the same zone that preceded its strongest rallies in past cycles. His chart, which accompanies the post, highlights how Dogecoin is still on track for a 6,500% price surge.
The chart provided by the analyst, which is also shown below, marks the 2017 and 2021 surges with arrows showing how the price rebounded sharply each time it touched or hovered near this line before exploding upward.
The same setup is forming again. The channel lines reflect years of higher highs and higher lows despite market cycles, and the most recent decline appears to be pressing against a region that has defined Dogecoin’s resilience.
Even though the drop below $0.15 appears concerning on lower timeframes, the long-term structure shows Dogecoin retesting an area that has repeatedly served as a launchpad.
If this behavior repeats the pattern of earlier cycles, Dogecoin could reverse from the lower channel line and start climbing gradually toward the mid-range of the channel.
This would be a continuation of its current “crabwalking” structure, maintaining support but postponing any dramatic breakout. Such a path would still lead to upward progression but would produce a more extended market cycle without the blow-off top seen in previous rallies. Both scenarios outline an outlook where Dogecoin enters into an upward move that reaches as high as $10.
