Usman Salis
⬤ Dogecoin sits well beneath its 200-week moving average while momentum readings sink to levels that haven't appeared since mid-2022. DOGE now trades under this key long-term trend line, with the monthly RSI retreating into deeply oversold zones that mark historic cycle bottoms.
⬤ The chart reveals a familiar pattern where Dogecoin enters prolonged quiet phases after momentum drops into extreme territory. Price remains squeezed below the long-term curve while the lower oscillator mirrors readings from previous cycle lows. These conditions have historically signaled macro accumulation windows rather than exhaustion points. DOGE price holds $0.105–$0.110 base, and similar stabilization periods have often preceded sharper moves once the consolidation runs its course.
⬤ Current market behavior shows a clear pullback in speculative interest compared to prior euphoria peaks. Volume has dried up, volatility has compressed, and momentum spikes have faded—all contrasting sharply with earlier bull runs. Dogecoin forms cup and handle pattern analysis suggests these consolidation environments frequently set the stage for directional breakouts once key resistance zones get reclaimed.
⬤ This setup carries weight because crypto markets typically move from capitulation into silent accumulation before major trend reversals take hold. When momentum indicators reset to extremes while price finds a floor, participant behavior tends to shift from fear-driven selling to patient positioning. Whether DOGE continues lower or starts a recovery depends less on indicator extremes and more on reclaiming higher structure through confirmed breakouts above resistance.
Usman Salis
