Dogecoin Holds Trendline Support as Historic Cycle Pattern Reemerges

TLDR

• Dogecoin respects rising trendline support at $0.12, matching previous consolidation zones before rallies.
• Three-phase cycle pattern shows compression, validation, and expansion with each phase building higher bases.
• Descending triangle formation mirrors 2024 setup that drove DOGE from $0.10 to $0.45 within weeks.
• Technical projections target $1.10-$1.30 range representing potential 900% gain if historical pattern repeats. 

Dogecoin maintains critical trendline support at $0.12 as a familiar cycle pattern resurfaces on price charts. 

Technical analysts observe the memecoin respecting the same rising support level that previously triggered explosive rallies, with each consolidation phase establishing higher base levels before expansion.

Rising Trendline Support Remains Intact Across Multiple Cycles

The memecoin continues to hold a rising macro trendline that has provided reliable support through several market cycles. 

Each time DOGE touched this support level, consolidation periods ended and parabolic price movements began. The current price action near $0.12 represents another test of this critical technical boundary.

Chart analyst Bitcoinsensus highlighted the self-similar nature of these cycles, emphasizing that each phase builds on a higher base than the previous one. 

This progression indicates accumulation behavior where sellers exhaust their positions earlier while buyers step in with growing confidence. The pattern demonstrates structural strength rather than random price fluctuations.

The three-phase cycle structure remains consistent across timeframes. Compression zones give way to trendline validation, which then triggers violent expansion phases. 

Previous cycles delivered 300% and 500% gains respectively, while projections based on current structure suggest a potential 900% move. The rising support line has not broken despite broader market weakness.

Historical Pattern Repetition Draws Trader Attention

Trader Alan Tardigrade identified a descending triangle formation identical to one that appeared in 2024. That pattern preceded a rapid price surge when DOGE broke through resistance after holding key support. 

The On-Balance Volume indicator followed the same trajectory, falling below support before accelerating upward.

The 2024 breakout propelled DOGE from $0.10 to $0.45 within weeks once the triangle resolved. 

Current technical conditions mirror that setup, with the token positioned at trendline support while forming a similar descending triangle. Tardigrade’s analysis points to $1 as the target if the pattern completes in the same manner.

Momentum candles suggest early accumulation by traders anticipating the breakout rather than waiting for confirmation. 

The convergence of rising support and the descending triangle creates what technical analysts consider a high-probability scenario. Volume patterns indicate positioning by larger market participants ahead of potential movement.

Despite Christmas Day losses and a challenging year for established memecoins, the technical structure shows resilience. 

The memecoin faces potential annual losses exceeding 60% as market preference shifted toward newer tokens. However, the trendline support continues to hold, maintaining the integrity of the repeating cycle pattern.

The upper channel targets range between $1.10 and $1.30, aligning with the projected 900% move from current levels. 

Each previous consolidation stored volatility that released during expansion phases, and current compression suggests similar energy accumulation. The pattern indicates that trendline support remains the critical level determining whether the cycle repeats once again.

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