Dogecoin has reached a critical support level again. Can it replicate the historic surge this time?


Dogecoin is currently hovering near a long-term support zone, which has caught the attention of analysts. Because from a technical chart perspective, the current trend is almost a mirror image of the two previous major rallies.
Triangle convergence: It rose twice before, what about now?
Analyst Tardigrade pointed out that DOGE has once again touched that long-term upward trend line, and on the monthly chart, a symmetrical triangle pattern has appeared—just like before the big surges in 2017 and 2020.
Simply put: the price is "holding back" within an increasingly narrow range, waiting to choose a direction near the apex. And both previous times, it chose to go upward.
Now DOGE has reached the intersection of the triangle tip and the ascending support line—this position has historically been a launchpad for market moves.
RSI has fallen to a historic low: no one is trading, but could this be an opportunity?
Another analyst, Cryptollica, added a different perspective: DOGE is barely holding onto the long-term upward support line, and the RSI (which measures momentum) has dropped near its all-time lows.
What does this mean? Market interest has plummeted, and participation is extremely low. But based on historical experience, extreme lull periods often precede a major rebound. As long as the long-term support line holds, this "half-dead" state could actually lay the groundwork for a subsequent rally.
The key question is: can the support level hold?
Both analysts agree on one core premise: the price must stay above this long-term trend line for any bullish scenario to be valid.
Currently, DOGE is at this critical juncture—if it holds, there’s a chance to replicate the previous two rallies; if it breaks, the rebound will be delayed.
To sum up:
Technical pattern: triangle convergence + touching the long-term support line, very similar to the previous major surges.
Market sentiment: RSI has fallen to historic lows, extremely cold.
Key variable: whether the long-term support line can hold.
In simple terms: the structure is in place, and sentiment is very cold. It’s just waiting for a direction—up or down. Keep a close eye on that support line.
DOGE-3.88%
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