According to a crypto analyst, Dogecoin (DOGE) has returned to a key trendline that has repeatedly marked major cycle bottoms in past market phases. The setup comes alongside low sentiment and weakness, conditions that previously aligned with strong price recoveries. The analyst noted that this lower line could now form a potential base for Dogecoin’s next upside move to the top.
Analyst Forecasts Dogecoin Perfect Price Bottom
Market expert Cryptollica has announced that Dogecoin may have formed a cycle bottom after revisiting a long-term support trendline that has been building since 2021. The analyst noted that every previous market bottom since 2021 began at this same lower support line.
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In his X post, Cryptollica pointed to psychological conditions that have historically aligned with this lower trendline. He noted that each time Dogecoin approaches this area, demand and interest in the meme coin plummets to low levels, with sentiment turning extremely negative and fearful.
This area has also marked major reversal points for Dogecoin, allowing the cryptocurrency to begin a fresh recovery after a severe downtrend. Past movements from Cryptollica 2021 to 2024 price chart support this view. In 2021, Dogecoin touched this trendline around $0.095 before surging to new highs that marked its historical bull run. A year later, in 2022, the same trendline held at $0.045, again marking the bottom before a sharp rebound.
The cryptocurrency also established a fresh bottom near $0.055 in 2024 before starting an uptrend that eventually pushed its price above $0.225. In the current market cycle, Dogecoin has revisited this lower trendline once again. The first time this happened was in early 2026 when its price crashed to roughly $0.085, and the second occurred just recently.
Cryptollica has described this latest retest as the “perfect bottom” for Dogecoin, noting that the same structure and negative psychological conditions in 2021 are also present in the current cycle. With chart patterns and broader sentiment aligning almost perfectly, the analyst believes that a market reset may have already occurred or is nearing completion. If this view proves correct, he expects Dogecoin to enter a recovery phase soon, with potential upside targets near $1.6.
Analyst Urges To Wait For Confirmation Before Calling Bottom
In a separate analysis, market expert Erick Crypto revealed that Dogecoin has recently lost a major support zone. He said the key demand area near $0.085 failed to hold as market sellers took control, adding more pressure on the meme coin’s price.
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The analyst added that the latest move raises questions about whether it was a liquidity sweep ahead of a potential recovery or the beginning of a deeper price correction. As Dogecoin continues its downtrend, Erick Crypto noted that its trading volume is still increasing, signaling strong market participation. He urged traders to closely watch price movements and wait for a clear confirmation before calling a final cycle bottom.
Featured image from iStock, chart from Tradingview.com
