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.
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.
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.