Dogecoin Price Analysis: Is DOGE Leading the Meme Coin Supercycle? 

Dogecoin Price Analysis:  This week, the cryptocurrency market experienced reduced selling pressure as Bitcoin stabilized above the crucial $60,000 level. This consolidation has led to decreased volatility for most major altcoins, including Dogecoin. While signs of a recovery have yet to fully develop, Dogecoin’s price is holding above multi-month support and forms a reversal pattern, indicating a potential for a significant rebound.

Also Read: Dogecoin Price: DOGE Rebounds From Critical Support, Bullish Momentum Builds

Dogecoin Price Analysis: Bull-Flag Sets Fresh Recovery Trend

During the June market correction, the Dogecoin price experienced a significant decline, falling from a high of $0.165 to a low of $0.113, marking a 31.6% loss. Despite this downturn, the daily chart reveals the formation of a well-known bullish continuation flag pattern.

Under the influence of this pattern, the coin price is actively resonating within two trendlines, trying to regain momentum for the prevailing trends as per theory. The Dogecoin price currently trades at $0.127 with an intraday gain of 0.22%, while the market cap boasted to $18.4 Billion.

With relief rally sentiment in the crypto market, the DOGE price attempts to break from immediate resistance of $0.129, coinciding close with 200D EMA. A successful breach could uplift the asset by 10% before challenging the key downsloping resistance of the flag pattern.

A potential breakout from the flag will be the required signal to resume a bullish trend bolstering Dogecoin to surpass the $0.228 high.

Also Read: Dogecoin (DOGE) Moves Behind Meme Coins: What to Expect?

In a recent tweet, crypto analyst KALEO provided insights into Dogecoin’s ($DOGE) historical performance and future potential. Dogecoin has spent around 9.5 years trending sideways or downward, with two significant bullish runs: a 6000% pump from the lows and another with a 30,000% increase. 

$DOGE / #Dogecoin

For those of you who say DOGE is boring – for the most part, you’re right.

It’s spent ~9.5 years of its existence trending sideways or down. The other 1 year? It had one run that pumped ~6000% from the lows and another that pumped more than 30,000%.

The… pic.twitter.com/523tqCMBdC

— K A L E O (@CryptoKaleo) June 25, 2024

Currently, the duration of its sideways movement since the last all-time high (ATH) is similar to previous periods before major breakouts. Each of these moves took around 8-9 months post-Bitcoin halving before Dogecoin began to pump. With only two months past the latest Bitcoin halving, KALEO suggests a breakout might occur between December and February.

Thus, the term trend could witness a sideways to deeper correction, but the broader trend remains bullish, with the analysts believing we are in a meme coin supercycle.

Technical Indicator

• EMAs: A bearish crossover between the 50-and-100-day Exponential Moving Average could accelerate the bearish momentum for a prolonged consolidation. 
• RSI: The daily Relative Strength Index(RSI) slope wavering around 40% reflects a bearish sentiment intact among market participants. 

Frequently Asked Questions (FAQs)

1. What defines a market correction and how did it affect Dogecoin in June?

A market correction is typically defined as a temporary decline in the price of a financial asset from its most recent peak. During the June market correction, Dogecoin experienced a notable decline of 31.6% revisiting a 110 days low of $0.11

2. What is a bullish continuation flag pattern?

A bullish continuation flag pattern is a chart formation that occurs when the market consolidates after a sharp movement up, before continuing in the direction of the initial rise.

3. What is a meme coin supercycle, and how does it relate to Dogecoin?

A meme coin supercycle refers to an extended period during which meme-themed cryptocurrencies, like Dogecoin, gain substantial traction and value, often driven by social media hype rather than fundamental economic factors. KALEO's analysis suggests that Dogecoin is currently positioned within such a supercycle.

✓ Share:

• Trending
• Price Analysis

• Peter Schiff Criticizes Bitcoin’s Performance Following Gold’s Rally To New ATH
• Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure
• Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline
• World Liberty Financial Discloses Reason for Blacklisting 272 Wallets
• September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

• HBAR Price Forecast: Analyst Targets 123% Rally as ETF Approval Odds Hit 90%
• Solana Price Prediction: Will Solana Hit $320 as SOL Strategies Gains Nasdaq Approval?
• XRP Price Forecast: Analyst Eyes $127 as BlackRock Joins Ripple Swell 2025
• Chainlink Price Eyes $55 as Reserve Holdings Jump With 43,937 LINK Addition
• Cardano Price Targets 30% Surge as Top Economist Calls for Fed Cut

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Sahil Mahadik

Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.