Dogecoin chart shows formation of a new cycle, crypto monthly bottom pattern returns

According to Bijie Network, the monthly chart of Dogecoin shows a recurring pattern: a prolonged period of consolidation followed by a significant surge. The current price action suggests that it may be in the late stage of forming a rounded bottom. Meanwhile, the weekly momentum indicator has fallen below a key threshold, a signal that has historically coincided with major cyclical lows. While this pattern indicates that a macro bottom may be approaching, Dogecoin needs to consistently break through its current bottom resistance to achieve a true breakout.