Recently, the meme cryptocurrency Dogecoin has faced significant downward movement, with its value plummeting to $0.14, reflecting a decline of over 35% within just a month. Amid brief recoveries, the overall sentiment surrounding Dogecoin has appeared fragile, as it approaches a crucial trendline established from its 2021 peak.
Many analysts are pondering the duration of this downturn and the potential timing for a significant rebound. Some experts speculate that Dogecoin may be on course to hit new heights by late August, despite the current market challenges.
Analyzing Dogecoin’s Trend Cycle
Renowned crypto analyst Javier recently shared insights on the social platform X, emphasizing Dogecoin’s historical patterns during substantial bull runs. He identified a repeating cycle in the time it typically takes for Dogecoin to establish both lows and highs. His observations suggest that historical lows generally emerge within 112 to 133 days, averaging around 122 days.
In contrast, Dogecoin’s cycle peaks have typically formed over 91 to 119 days, averaging 107 days. This consistency spans back to 2017, as shown in a chart he provided, which illustrates four distinct breakout phases alongside their subsequent corrections until now.
Currently, the data indicates that Dogecoin is navigating a comparable phase. The analysis points out that the cryptocurrency reached a low of about $0.14 in April. Notably, despite recent turbulence, this level appears to have held firm.
Presently, the prevailing market trend suggests a potential upswing towards a new peak, anticipated to occur within roughly 119 days. The analyst highlighted that the longest duration for a peak in prior cycles was 119 days. Should this pattern persist, expectations are set for a peak around August 4, 2025, which indicates a notable rally could soon commence before another potential downturn. Analysts estimate this reversal may begin in the next 14 to 49 days.
Anticipating Reversal Patterns in July and August
Projected analyses propose that if Dogecoin’s pattern continues as anticipated, a significant reversal could initiate sometime within 14 to 49 days leading up to the projected August 4 peak. This suggests that the timeframe for experiencing a new low or bottom may unfold between mid-July and early August.
The ramifications of this situation indicate that the popular meme coin could potentially witness additional short-term declines or a period of stagnant movement before re-entering a bullish trend. At the time of reporting, Dogecoin was trading at $0.1642, having experienced a 5.7% uplift in the past 24 hours.
