.png){kind=logo}
Dogecoin has returned to a long-term support range that previously preceded major rallies, according to chart analyst Crypto Patel. In a Feb. 3 post on X, Patel said DOGE now trades in the same macro demand band that fueled earlier cycle expansions. The zone between $0.10 and $0.06 has acted as multi-year support since 2021 and now frames the current market debate.
Patel shared a two-week DOGE/USDT chart and said price sits at the exact level that triggered a prior 17,000% rally. He described the structure as a multi-year base that has repeatedly attracted demand during past drawdowns.
The analyst labeled the current setup as a re-accumulation phase following an 87% decline from all-time highs. He said previous visits to the same region preceded parabolic expansions rather than prolonged breakdowns.
Patel defined a clear invalidation level tied to market structure. A weekly close below $0.06 would negate the accumulation thesis and signal failure of higher-timeframe demand.
Based on historical moves, Patel outlined upside targets at $0.50, $1.50, and $4.00.
He described the roadmap as a full-cycle extension of roughly 5,500% spread across several phases.
The analysis also referenced a speculative catalyst involving SpaceX and Elon Musk.
Patel cited Musk’s comment suggesting SpaceX could send a literal Dogecoin to the Moon, possibly around 2027.
As reported by Bitcoinist, Musk revived the phrase after replying to a fan on X.
The comment renewed a long-standing narrative that often resurfaces during DOGE accumulation phases.
Despite long-term accumulation claims, short-term indicators still reflect bearish pressure.
Over the next five sessions, DOGE’s volatility band centers between $0.085 and $0.102. Analysts estimate less than a 20% chance of a sustained upside move during this period.
The baseline scenario projects sideways trading unless the price closes above $0.102 and the Ichimoku Kijun.
If DOGE falls below $0.085, downside risk could expand as nearby support weakens.
Resistance remains near $0.105 to $0.12297 while DOGE trades below key moving averages.
Market commentary from Traders Union adds another layer to the outlook. Expert Viktoras Karapetjanc noted rising network activity while acknowledging that bearish momentum still dominates.
Community engagement and speculation around integrations continue to support sentiment, according to Karapetjanc. He said a decisive recovery requires a clear technical breakout above $0.102. With DOGE holding a historic demand zone yet facing persistent bearish signals, will this familiar base once again define the next cycle phase?
Read More: DOGE On-Chain Activity Rises Sharply While Price Holds Key $0.10 Zone
Dogecoin price analysis shows DOGE trading inside a long-term support zone tied to past rallies. Analysts see accumulation signals while short-term indicators stay weak. The key takeaway remains clear. Price direction now depends on holding support and confirming a technical breakout.
