Dogecoin acts under low pressure, struggling to build sustained upward momentum due to low bullish sentiment on the entire market. The leading meme coin has had its price action trading around the $0.1 support buyers and sellers are engaged in a fierce battle.
However, crypto analyst Cryptollica has done just that shared a graph that suggests that Dogecoin may be set up for the greatest déjà vu in history. His analysis points to a recurring pattern that has appeared several times since 2014, with the current structure following the lows in previous cycles.
The four-cycle pattern
Dogecoin’s weekly time frame was charted from 2014 to early 2026 in the weekly candlestick price chart shared by the analyst. Four separate points are marked with circles labeled 1, 2, 3, and 4. Each of these points corresponds to periods when Dogecoin entered deeply oversold conditions on the Relative Strength Index (RSI), shown in the bottom panel of the chart.
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The first circle is expected around 2014-2015, when Dogecoin experienced a prolonged price decline and the RSI entered oversold territory. That period was followed by a strong recovery and ultimately a larger expansion phase. The second highlighted zone was in 2020, which also coincided with a depressed RSI reading and a horizontal support area on the price. Shortly afterwards, Dogecoin launched its historic 2021 rally.
The third example is visible around 2022, when the market entered a bear cycle after the previous bull cycle in 2021. Dogecoin again found support near a similar structure and RSI levels. Now the fourth circle is forecast in early 2026, with the RSI pushing near the low 30s, close to previous cycle bottoms. Price is also included around a horizontal support band which previously served as support at the end of 2024.
Cryptollica’s question: “Coincidence or mathematics?” is based on the symmetry in these repeating structures. Each time Dogecoin reached similar oversold conditions on the weekly chart, a significant move followed.
What a repeat of history could mean for Dogecoin
Every time Dogecoin’s weekly RSI fell below 30, it led to exhaustion of selling pressure. After these oversold phases, Dogecoin did not immediately explode upwards. Instead, it provided a base before beginning a sustained climb.
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If the fourth marked arrangement follows previous cycles, the outcome is will likely unfold in stages. The first phase involves stabilization around the current support zone, with volatility gradually decreasing between $0.10 and $0.15. This would then be followed by bullish momentum as market conditions finally improve and capital turns into meme coins.
Based on this outlook, we could see the Dogecoin price reverse from oversold to a normal state, which would in turn be reflected in the price action, pushing the price level above $0.2, at least in the short term.
Featured image of Peakpx, chart from Tradingview.com