Dogecoin’s Long-Held Bearish Pattern Could Reshape to Favor Long-Term Bulls

I believe that Dogecoin is currently trapped in a prolonged consolidation phase, marking over 1,550 days below its historical high—a new record indicating significant market weakness. While a breakout might happen in the future, the overall pattern remains fundamentally bearish, and I agree that we are in a 'bearish forever' cycle for DOGE. The analysis suggests that despite macroeconomic indicators pointing to some potential liquidity-driven reversal—such as a bottoming in the Global M2 money supply—dogecoin's price response has been subdued so far, unlike Ethereum which shows signs of recovery. This divergence indicates that Dogecoin's price may continue consolidating or even retracing before any substantial upward move. The analyst’s view that DOGE could form a choppy sideways pattern before rallying aligns with typical market behavior after sustained bear phases. The mention of historic fractals and retail engagement metrics hints at possible exhaustion of sellers, but the risk remains that conditions are not yet ripe for a bullish breakout. Looking at the long-term targets, the estimate of $0.90 to $1.50 appears realistic if macroeconomic conditions improve and crypto-specific sentiment turns bullish. The more optimistic scenario of reaching $1.50 to $2 is speculative but not impossible, especially if broader market cycles accelerate later in the year. However, I believe traders should remain cautious, as these targets depend heavily on macro trends, liquidity flows, and overall investor confidence in the space. In conclusion, my advice is to adopt a neutral stance at present while closely monitoring macroeconomic signals and technical developments. Patience is essential, and only if Dogecoin can hold current support levels and macro fundamentals improve should we consider a potential bullish scenario. Investors must remain cautious, given the prolonged weakness and uncertain timing of a market reversal.