Dogecoin Sets A New Record In A Key Cycle Indicator: Bottom In?
Dogecoin has pushed a cycle-style positioning metric to a stage by no means seen earlier than in its historical past, and the chart’s context suggests the market has solely been in comparable territory twice, each occasions close to main cycle lows.
Alphractal founder and CEO Joao Wedson stated DOGE has now crossed a key threshold in his “Number of Days Spent at a Profit” indicator.
“For the primary time, Dogecoin has gathered greater than 1,100 days previously the place the worth was greater than at the moment’s stage,” Wedson wrote on X alongside the chart. “The Number of Days Spent at a Profit measures what number of historic days traded above the present worth, reflecting market reminiscence and the aggregated positioning of holders over time. The greater the worth, the longer the historic interval that was traded at ranges above the present worth.”
The indicator is easy: it counts what number of prior days in DOGE’s buying and selling historical past printed costs above the present stage. A greater studying implies at the moment’s worth sits beneath a bigger share of Dogecoin’s historic “tape,” which might be interpreted as an expanded footprint of prior buying and selling ranges above spot—what Wedson calls “market reminiscence.”
What This Could Mean For Dogecoin
The chart provides an essential historic inform. Before this newest surge towards the 1,100+ day milestone, Dogecoin solely moved above the 800-day stage twice. Those two situations occurred across the March 2020 backside and the October 2023 backside, in keeping with the chart and Wedson’s framing.
In each historic instances, the transfer above 800 days coincided with a significant turning level that was adopted by parabolic runs in subsequent months. From the March 2020 low to the November 2021 peak, DOGE rallied from about $0.0011 to its all-time high close to $0.76, a achieve of greater than 65,000%. From the October 2023 low to December 2024, DOGE rose roughly 750%, climbing from about $0.0569 to $0.4846.
Wedson emphasised that this isn’t a sign about an intraday swing however a longer-horizon situation. “This is a structural cycle metric, not only a short-term transfer,” he stated—positioning the brand new 1,100+ day milestone as a regime-level datapoint about the place at the moment’s worth sits versus Dogecoin’s historic distribution.
The open query from right here is whether or not this unprecedented studying will behave like prior extremes, the place elevated “days above present worth” aligned with cycle lows, or whether or not the market’s present construction breaks that historic rhyme.
At press time, DOGE traded at $0.09705.
