Dogecoin is holding near a long-term support zone as analysts point to signs of accumulation and fading bearish momentum. If support holds, DOGE could spend months building a base before a stronger bull-market recovery.
DOGE Eyes Long-Term Accumulation Before Potential Bull Market Return
Dogecoin may revisit its 2022 lows before establishing a prolonged accumulation phase, according to a chart shared by analyst Polaris. The setup suggests DOGE remains in a broader consolidation period despite recent stabilization near multi-year support.
DOGE/USD Weekly Chart. Source: Polaris (@polaris_xbt) on X
The analysis points to a possible retest of the 2022 bottom region around $0.06, where Dogecoin previously found strong demand. If that support holds, the meme coin could spend several months trading sideways as long-term buyers accumulate positions.
The bullish scenario comes later in the cycle. Polaris argues that Dogecoin's next major rally is more likely to occur during a broader crypto bull market rather than in the near term. The projected path shows an extended consolidation period followed by a gradual recovery that could eventually push DOGE back toward higher resistance levels.
For now, the focus remains on whether Dogecoin can maintain support near its historical floor. A successful defense could lay the foundation for long-term accumulation, while a breakdown would weaken the bullish outlook.
DOGE Flashes Multi-Year Bullish Divergence as Support Holds
Dogecoin is testing a long-term rising support trendline while showing a multi-year hidden bullish divergence, according to analyst Surf. The setup suggests bearish momentum may be fading even as price remains near cycle lows.
DOGE/USD Monthly Chart. Source: Surf (@_CryptoSurf) on X.
The chart highlights DOGE holding above an ascending trendline that has supported price action since 2022. At the same time, the momentum indicator is forming a hidden bullish divergence, a pattern that can signal underlying strength despite weak price performance.
The bullish thesis is that Dogecoin could be building a base for a larger move higher if support continues to hold. Historically, similar momentum divergences have appeared near major market turning points, particularly during extended consolidation periods.
For now, DOGE remains at a critical level. A successful defense of the long-term trendline could strengthen the case for a recovery, while a breakdown below support would invalidate the bullish divergence and increase downside risk.
