Dogecoin Enters Longest Period Below All-Time High at 1,550 Days
Dogecoin has surpassed 1,550 days below its all-time high, marking the longest period in its history. Analyst VisionPulsed describes this as a "bearish forever" pattern, reflecting structural weaknesses in DOGE's market cycle.
- First cycle: 1,200 days
- Second cycle: 1,126 days
- Current streak: 1,550+ days
Despite potential macro liquidity-driven reversals, VisionPulsed remains skeptical about a Dogecoin recovery. He highlights the Global M2 money supply as a key macro indicator, noting that while it bottomed in June, Dogecoin has historically not reacted positively until M2 increases.
In contrast, Ethereum is showing recovery signs and is more responsive to M2 changes. VisionPulsed suggests Dogecoin may be consolidating, which could lead to a bullish phase if it can maintain current price levels through mid-August.
Long-Term Price Targets
VisionPulsed outlines long-term targets for Dogecoin:
- Conservative estimate: $0.90 to $1.14
- Speculative target: up to $1.50
No time-bound predictions are provided, emphasizing the need for macro trends and broader altcoin sentiment to align before reaching these targets. Historical trends suggest that significant movements often occur in August and September.
At press time, DOGE traded at $0.206.
