- Dogecoin is down 70% from December highs but still tracking a long-term ascending channel.
- Price has consistently respected a key trendline, suggesting the potential for a big bounce.
- A 400% move could take DOGE back to its $0.73 all-time high, and the pattern says it’s not impossible.
Dogecoin’s been down bad—like really bad—nearly 70% off its December 2024 highs. That kind of drop has some holders wondering if it’s time to cut losses. But when you zoom out and take a look at the weekly chart, the picture’s not all doom and gloom. In fact, DOGE has actually been following a pretty consistent pattern inside this broad, ascending channel.
It’s been printing higher highs and higher lows for a while now, even with those brutal pullbacks in between. That kind of structure? It usually screams long-term bullish. So yeah, it’s been messy, but there’s still life in the meme.
Long-Term Structure Hints at a Massive Rebound
Here’s the deal: ever since DOGE hit that wild all-time high near $0.73, the price has been on a bumpy ride south. But interestingly, it’s never actually fallen through the main trendline it’s been respecting since early 2022. That line’s been like a safety net—each time DOGE touched it, it bounced back with decent force.
Right now, price action seems to be coiling up again. The setup looks like it wants to continue the trend upward in waves—y’know, some dips along the way, but generally moving north. If this channel keeps holding up, DOGE could be lining up for a full-circle moment… retesting its ATH or maybe even breaking past it.
Not If, But When?
A full 400% pump from where DOGE is trading today would put it right back up around $0.73. That’s a stretch, yeah, but not outside the realm of what this coin’s done before. The chart doesn’t say exactly when it’ll happen—but the structure definitely makes a case that it can.
If you’re still holding DOGE, the key thing is whether the price keeps riding that trendline. As long as it does? The rally’s still in play. And with volatility baked into its DNA, a little patience might just pay off big. For DOGE, hitting a new high isn’t looking like a fantasy—it’s just a matter of time.
