Analysts Say Dogecoin Consolidation Is About To End – Parabolic Run Or Crash Ahead?

As the market bounces from the latest lows, Dogecoin (DOGE) is making an attempt to show an important space again into assist. Some analysts have highlighted that the cryptocurrency might be repeating its previous performances, which may lead to an enormous transfer within the coming months.

Dogecoin Repeats Its Parabolic Run Pattern

Dogecoin, the most important memecoin by market capitalization, has been buying and selling within the $0.119-$0.151 vary over the previous month, reaching a one-month high of $0.156 in the course of the early January rally.

DOGE retested the vary lows over the weekend, holding the important thing $0.119-$0.120 space as assist earlier than bouncing 5% towards the present ranges. Now, the cryptocurrency is making an attempt to reclaim the $0.1250 space to proceed its restoration rally.

Amid this efficiency, some market observers affirmed that the memecoin might be close to the tip of a macro consolidation. Analyst Bitcoinsensus famous that Dogecoin has adopted an identical sample to the upside throughout earlier cycles.

The chart reveals that after retracing from the earlier highs, the cryptocurrency has recorded an extended consolidation, adopted by a “parabolic run to recent new highs, when market situations permit it.”

As the evaluation famous, earlier breakouts from DOGE’s long-term accumulation zones have led to 60x and 215x positive aspects, which may sign {that a} larger rally might be brewing if historical past repeats.

Similarly, Trader Tardigrade highlighted that Dogecoin’s present efficiency within the weekly timeframe mirrors its This fall 2024 breakout, which led to its multi-year high of $0.484.

“The construction, length, and magnitude of the present and former pullbacks are very comparable,” he wrote on X, with an almost 60% decline from its native highs over 19 weeks.

Based on this, the analyst instructed that Dogecoin “may need accomplished its complete pullback and will propel itself to the following high” within the coming weeks.

DOGE Price Risks Another 50% Correction

Despite the bullish outlooks, market watcher TradingShot affirmed that DOGE is already deep into its new bear cycle and dangers one other 50%-70% pullback if promoting stress and market volatility proceed.

Per the submit, Dogecoin is at present supported solely by the 350-day Moving Average (MA), which has been holding because the October 2025 flash crash. It famous that “the 1W MA350 particularly is of the utmost significance because it held as Support throughout each earlier Bear Cycles.”

As the evaluation defined, if this degree breaks, the memecoin may enter the second section of the bear cycle, which doubtlessly targets the $0.060-0.035 zone:

This both bottoms on the 0.786 Fibonacci retracement degree of Doge’s historic Fib Channel Up at round $0.0600 or extends to a full -93.00% decline (as a lot because the earlier two corrected by) round $0.03500.

TradingShot additionally highlighted that DOGE’s backside might be in by This fall 2026, primarily based on the Sine Waves. “According to this, the following backside needs to be round October 2026. So no matter value Doge is buying and selling at round that point, we flip once more into long-term patrons,” it concluded.

As of this writing, Dogecoin is buying and selling at $0.125, a 1.4% decline on the weekly timeframe.