After DOGE (狗狗币) fell by 70%, the long-term rising channel hides secrets: Is a 400% rebound just a matter of time?

Dogecoin (DOGE) has recently performed poorly, falling nearly 70% from its peak in December 2024, causing some holders to consider retreating. However, when viewed on a weekly basis, the outlook is not entirely bleak. In fact, the price of DOGE has long been operating within a broad rising channel and maintains a consistent structure of higher highs and higher lows — even after experiencing a deep pullback, this technical pattern usually indicates that the long-term bullish trend remains unchanged. The vitality of memecoins continues.

Key Support Strong: Long-term Rising Channel Builds Foundation for Rebound Since hitting a historical high of $0.73 (ATH), DOGE has experienced a period of oscillating decline. But the key point is: the price has not effectively broken below the core upward trend line formed since early 2022. This trend line acts like a strong support net: each touch has triggered a significant rebound. The current price trend indicates that DOGE is once again consolidating within the channel. If this pattern continues, DOGE is expected to initiate a new round of upward movement (with pullbacks but overall upward). As long as the upward channel remains intact, the “cycle” of returning to and even breaking through the historical high may unfold.

Target estimation: A 400% rise is needed to return to ATH, history can be a reference At the current price, DOGE needs to rise 400% to return to the previous high of $0.73. The target seems distant, but considering its remarkable past explosive power, this is not a pipe dream. While technical charts cannot accurately predict the timing, the solid rising channel structure provides a strong basis for this possibility.

Conclusion: Holders closely watch the trend line, patience may lead to high returns For DOGE holders, the core observation point is whether the price can consistently hold above the key rise trend line. As long as this support remains effective, the potential pullback logic still holds. Given that volatility is part of its DNA, maintaining patience may yield significant rewards. For DOGE, reaching new highs is not a fantasy, but just a matter of time.