Over the past week, Dogecoin experienced a short-term bearish move. The price drifted from the $0.126–$0.127 zone down to around $0.122 as selling pressure dominated. This price action reflects an approximate 4% decline during the period, with buyers struggling to sustain rebounds. Dogecoin is trading around $0.1221 at the time of writing after recovering from intraday lows near $0.1207, for a modest 0.66% rebound over the past 24 hours. The price has moved in a tight range, with buyers stepping in on dips. However, they have lacked the strength to sustain a breakout higher. Dogecoin Enters a Low-Volume Correction Phase After Cycle Peak Dogecoin’s higher-timeframe structure reflects a classic distribution-to-correction phase, as price continues to print lower highs after topping near the $0.48–$0.50 region. The rally into late 2024 marked a clear cycle expansion move. Since then, DOGE has transitioned into a steady bearish grind, recently trading around the $0.12–$0.13 zone. This price behavior suggests that momentum has clearly cooled, with sellers maintaining control while buyers remain cautious at current levels. As noted by Cantonese Cat, what stands out is the persistent decline in trading volume throughout the correction. The fading volume indicates a lack of aggressive selling pressure, pointing more toward market exhaustion than panic. Historically, this kind of volume contraction during a downtrend often precedes a base-building phase. During this period, the price tends to stabilize before a potential trend shift. If volume returns alongside higher lows, it could signal early accumulation and set the stage for the next directional move. Dogecoin Repeats a Historic Fractal, Hinting at a Potential 300%+ Breakout Dogecoin is once again tracing a familiar price structure that closely mirrors a past cycle, reinforcing the idea that market behavior tends to rhyme over time. As highlighted by analyst Kamran Asghar, the previous fractal began with a prolonged consolidation phase. It later erupted into a sharp vertical rally, delivering a massive 331% upside. In the current setup, DOGE is completing that same basing pattern. Price is compressing near historical support around the $0.12–$0.13 zone, an area that previously acted as the launchpad for explosive upside. What makes this setup compelling is the repetition of structure rather than timing. The chart shows a rounded buildup followed by a corrective phase, now positioning DOGE at the base of what could be the next impulsive leg higher. If this fractal continues to play out as it did before, the market may be on the verge of another vertical expansion phase. In that case, upside potential could lie in the $0.45–$0.50 range. While history never repeats perfectly, the symmetry in price behavior suggests momentum could soon shift back in favor of the bulls.
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