As the market rebounds from recent lows, Dogecoin (DOGE) is trying to turn a key area back into support. Some analysts stressed that the cryptocurrency could repeat its previous performance, which could lead to massive moves in the coming months.

Dogecoin repeats its parabolic trading pattern

Dogecoin, the largest memecoin by market capitalization, has traded in a range of $0.119-$0.151 over the past month, reaching a monthly high of $0.156 during a rally in early January.

DOGE retested the lows over the weekend, holding the key $0.119-0.120 area as support before rebounding 5% towards current levels. Now the cryptocurrency is trying to reclaim the $0.1250 area to continue its recovery growth.

In the face of these results, some market observers confirmed that memecoin may be near the end of macro consolidation. The Bitcoinsensus analyst noted that Dogecoin has followed a similar upward trend in previous cycles.

The chart shows that after rebounding from previous highs, the cryptocurrency saw a long consolidation followed by a “parabolic run to fresh new highs when market conditions allow.”

Previous breakouts from DOGE’s long-term accumulation zones have led to 60- and 215-fold gains, the analysis showed, which could signal that more upside could be on the way if history repeats itself.

Likewise Trader Tardigrades highlighted that Dogecoin’s current weekly performance reflects the Q4 2024 breakout that led to a multi-year high of $0.484.

“The structure, duration and magnitude of the current and previous corrections are very similar,” he wrote on X, noting a nearly 60% decline from local highs over 19 weeks.

Based on this, the analyst suggested that Dogecoin “may have completed the entire pullback and may rise to another high in the coming weeks.”

DOGE price threatens another 50% correction.

Despite the bullish outlook, TradingShot market watcher confirmed that DOGE is already deep into a novel bear cycle and risks another 50-70% pullback if selling pressure and market volatility continue.

The post shows that Dogecoin is currently solely supported by the 350-day moving average (MA) that has been in place since the edged crash in October 2025. It noted that “the 1W MA350 in particular is of great importance as it has served as support during both previous bear cycles.”

As the analysis explained, if this level is broken, memecoin could enter the second phase of the bear cycle, which potentially targets the $0.060-0.035 zone:

This either hits the 0.786 Fibonacci retracement low in Doge’s historic Fib Channel Up at around $0.0600, or extends to a full 93.00% decline (as much as the previous two were corrected by) around $0.03500.

TradingShot also emphasized that based on sine waves, DOGE’s bottom could occur by the fourth quarter of 2026. “According to this, the next bottom should occur around October 2026. So, regardless of the price that Doge trades at that time, we will become long-term buyers again,” he concluded.

At the time of writing, Dogecoin is trading at $0.125, down 1.4% on a weekly basis.

Featured image from Unsplash.com, chart from TradingView.com