.png){kind=logo}
Dogecoin tracks a repeating long-term cycle as the token faces a sharp intraday decline that erased recent gains. The chart from Bitcoin Census shows three large market phases since 2014, each starting with deep corrections before major rallies. DOGE now trades near $0.1377 after a violent selloff that triggered heavy liquidation.
The chart displays three distinct phases. Each phase begins with a prolonged drawdown shown in red. A recovery zone then follows in blue. The first cycle spans 2014 to 2017. DOGE shifts from a multi-year decline to a steady rise. That cycle ends with a 5,858.67% breakout that lifts the price to $0.01130.
The second cycle repeats the structure. DOGE breaks out after extended consolidation and surges 21,457.13% to reach $0.74641 in 2021. The third cycle shows the same red-to-blue transition. DOGE climbs inside a rising channel and trades near $0.19729 before drifting. The chart includes a potential projection of a 4,447.76% breakout. That model shows an extended target of $7.21051 if the pattern continues.
Bitcoin Census labels the current period as Cycle 3. The visual includes curved bases for each cycle. It also shows yellow vertical markers for potential breakout phases. Alongside the chart, the analyst states that DOGE follows the same pattern from earlier cycles. The comment questions whether the token will repeat a final parabolic phase.
The analyst notes that DOGE could surpass $1.50 if the pattern continues. That number stands below the long-range chart projection. Nonetheless, traders watch for repeating cycle behavior that shaped past rallies. This raises a key question for traders: Will the third cycle deliver another blow-off top similar to earlier peaks?
DOGE falls from $0.1495 to $0.1377 in a sharp 24-hour slide. The decline begins at 23:00 UTC. Three high-volume candles accelerate the move. The volume reaches 1.56 billion, which is 650% above normal levels. Sellers overwhelm buyers during the downturn. DOGE attempts brief rebounds near $0.1383 but fails at intraday resistance.
The token now moves inside a tight band between $0.1372 and $0.1383. The range signals temporary stabilization after the drop. Traders now watch support at $0.1370. A breakdown could open $0.1350 to $0.1320. DOGE also faces heavy overhead resistance at $0.1495. A reclaim is required for market recovery. Traders watch between $0.1420 and $0.1450 for the first sign of returning strength.
Oversold readings suggest room for a bounce. Yet the market waits for confirmation. ETF disappointment removes a key bullish driver for short-term sentiment.
Dogecoin continues to mirror its historic cycles while short-term price pressure shapes trader caution. Key support near $0.1370 guides near-term decisions as resistance at $0.1495 remains vital for recovery. Traders should watch volume behavior and structural levels for clues on the next major move.
Read More: DOGE Support Strengthens as Argentina’s Capital Moves to Accept DOGE for Taxes
