Crypto analyst Cryptollica has pointed to a Dogecoin cycle fractal that suggests where the DOGE price could head next. The analyst described a macro pattern that would imply a potential test of the $1 level as the coin eyes a fresh bull run.
The analysis indicates Dogecoin is currently at Point 4, with the pattern rhyming with pre-bull-run accumulation phases of the past. It highlights four structural points and describes a sequence beginning with rounding bottoms as a phase of low volatility that precedes major upside.
Zone 2 is said to have powered the 2021 parabolic rally, while Zone 4 corresponds to the ongoing price action. The report notes a rounding-bottom formation, a stabilization at a heavy base, and RSI on the weekly chart around a historical floor near 32, a pattern historically followed by macro bottoms.
Cryptollica argues the fractal represents a cyclical reset and that DOGE is in the Golden Pocket for accumulation. If the 2020 pattern repeats in Zone 2, the current quiet period could precede a significant move, supported by an oversold RSI and a confluence of bullish technicals. As of now, the DOGE trades around $0.127, with a small daily decline, according to CoinMarketCap data.
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