Dogecoin trading under low pressure, struggling to build upward momentum because low bullish sentiment across the market. The leading meme coin had its trading action of prices around the $0.1 support, with buyers and sellers are locked in a fierce battle.
However, crypto analyst Cryptollica shared a chart that suggests that Dogecoin may be setting up with the greatest déjà-vu in history. His analysis points to a continuing pattern that has emerged several times since 2014, with the current structure following declines in previous cycles.
A Pattern of Four Cycles
The weekly period of Dogecoin was recorded from 2014 until the beginning of 2026 on the weekly candlestick price chart shared by the analyst. Four different points are marked with circles labeled 1, 2, 3, and 4. Each of these points corresponds to times when Dogecoin entered deeply oversold conditions on the Relative Strength Index (RSI), shown in the lower panel of the chart.
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The first rally is proposed around 2014-2015, when Dogecoin experienced an extended price decline, and the RSI dipped into an oversold zone. That period was followed by a strong recovery and finally a major expansion phase. The second marked area was 2020, which again coincided with a depressed RSI reading and a horizontal support area for the price. Shortly thereafter, Dogecoin launched its historic 2021 rally.
The third event is seen around 2022, when the market enters a bear cycle after the previous bull cycle in 2021. Dogecoin also found support near the same structure as the RSI levels. Now, the fourth circle is proposed at the beginning of 2026, the RSI is pressing near the low region of 30, close to the previous cycle. Price is also sitting along the horizontal support band which previously served as support back to late 2024.
Cryptollica’s question, “Coincidence or Statistics?” is based on symmetry in these repeating structures. Every time Dogecoin reached oversold conditions on the weekly chart, a significant move followed.
What Repeating History Could Mean for Dogecoin
Every time the weekly RSI of Dogecoin dropped below the 30 level, it led to tired selling pressure. Following those oversold phases, Dogecoin did not immediately explode higher. Instead, build a base before starting a steady climb.
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If the fourth marked setup follows previous cycles, the result they may look at it in stages. The first phase will involve a stabilization at the current support area, with the volatility gradually pressing between $0.10 and $0.15. This will then be followed by bullish momentum when market conditions finally improve, and the currency turns into meme coins.
Based on this view, we can see the price of Dogecoin retreating from oversold to a normal state, which will be reflected in its price action, moving to price levels above $0.2 at least in the short term.
Featured image from Peakpx, chart from Tradingview.com
