๐คDogecoin has now been in a downtrend for over 1,550 days โ marking the longest bearish stretch in its history. According to popular crypto analyst VisionPulsed, this pattern reflects deeper weakness in Dogecoinโs market structure, despite repeated hopes for a comeback.
๐ Whatโs Going On With DOGE?
In a detailed video analysis on August 6, VisionPulsed compared Dogecoinโs current phase to past cycles. Historically, Dogecoin consolidated for around 1,100 to 1,200 days before making big moves. But this time?
๐ It's already been 1,550+ days below its all-time high.
โThis isn't just a coincidence,โ VisionPulsed said. โIt reflects how much weaker DOGE is compared to stronger altcoins.โ
๐ Why Hasnโt Dogecoin Moved Yet?
The answer lies in global liquidity.
VisionPulsed pointed to the global M2 money supply โ a key measure of investor risk appetite. While M2 hit a bottom in June, it hasnโt rebounded sharply yet โ meaning the market still lacks the fuel for a real rally.
โDOGE didnโt move last time until M2 climbed aggressively,โ he noted. โAnd that hasnโt happened yet.โ
While coins like Ethereum are showing signs of life, Dogecoin remains locked in uncertain sideways movement.
๐ Is a Breakout Still Possible?
Yes โ if a few key conditions are met.
VisionPulsed said Dogecoin could still see an upside breakout if it holds current levels through mid-August. He also noted that low retail interest โ such as low YouTube views โ historically signals market bottoms.
๐ VisionPulsedโs Price Targets
He outlined two possible long-term targets:
Cautious Target: $0.90 to $1.14
Speculative (Moonboy) Target: $1.50 to $2.00
He admitted that while he used to believe in a $2 DOGE, $1.50 now seems like a more realistic upper limit, depending on macro conditions.
โThereโs no timeline,โ he said. โWe need global M2, sentiment, and altcoin momentum to all align.โ
๐ What to Expect Next
Historically, crypto sees action in the final quarter of the year. VisionPulsed said AugustโSeptember could be crucial if liquidity improves and DOGE holds support.
In short: Dogecoin is still in limbo, but a breakout is possible โ with patience, timing, and macro support.
#Dogecoin #DOGE #crypto #altcoins #M2Liquidity
