Dogecoin is back near long-term support as analysts point to a possible accumulation phase before the next major move.
Kamran Asghar sees a potential breakout toward $0.75-$0.80 if history repeats, while Chimp of the North says $DOGE’s $1 target may still be possible.
Dogecoin Returns to Accumulation Zone as Breakout Hopes Build
Dogecoin is trading back inside a historical accumulation range that previously came before major upside moves, according to crypto analyst Kamran Asghar.
In a post on X, Asghar said $DOGE could be preparing for another sharp breakout if previous cycle patterns repeat.
$DOGE/USD Accumulation Zone. Source: Kamran Asghar (@Karman_1s)
The weekly $DOGE/USD chart shows Dogecoin trading near $0.084 after a long decline from its 2024 peak. The analyst highlights this area as a historical accumulation zone, where price has moved sideways before larger rallies in past cycles.
The chart compares the current structure with earlier Dogecoin cycles, including the 2021 breakout. It suggests that $DOGE has spent a similar amount of time in consolidation, with the current drawdown lasting around 94 weeks.
Asghar’s projection points to a possible move toward the $0.75-$0.80 region if Dogecoin repeats its previous breakout behavior.
Still, the setup remains speculative. $DOGE would need stronger buying pressure and a confirmed move out of the accumulation range before the bullish target becomes more realistic.
For now, traders are watching whether Dogecoin can hold this zone and begin forming the base for another cycle move higher.
Dogecoin Returns to Long-Term Support as Traders Eye the $1 Dream
Dogecoin is trading near a major support zone that has previously served as a launchpad for large rallies. One analyst believes the current price area may offer an attractive accumulation opportunity for long-term investors.
$DOGE/$USDT Monthly Support Zone. Source: Chimp of the North (@cryptochimpanz)
Dogecoin may be entering a key accumulation phase after returning to a long-term support area that has historically preceded major price advances.
In a post on X, crypto analyst Chimp of the North said it is "fair to accumulate some Dogecoin at these prices" and suggested the long-discussed $1 target could still be achievable.
The monthly $DOGE/$USDT chart shows Dogecoin trading near $0.085, close to a horizontal support zone that has acted as a base during previous market cycles. The chart highlights how $DOGE spent extended periods consolidating near similar levels before experiencing explosive rallies in 2021 and 2024.
According to the analyst, the current setup offers a favorable risk-reward profile for investors willing to accumulate during periods of market weakness.
The chart also marks $1 as a potential long-term target, a level that would represent a significant gain from current prices. However, reaching that milestone would likely require a broader crypto market recovery and renewed investor demand.
For now, traders are watching whether Dogecoin can continue holding its long-term support zone and begin building momentum for the next phase of the market cycle.
