\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tDespite the massive price slump, analysts are still hopeful DOGE is approaching an important turning point.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The meme coin mania is long gone and perhaps forgotten, as evidenced by the substantial decline in the price of its leader. DOGE recently slumped below $0.07 for the first time in almost three years, a level that it\u2019s still unable to reclaim.<\/p>\n
Although it remains 90% away from its 2021 all-time high, several popular analysts believe precisely these depressed conditions could be setting it up for the next major expansion wave.<\/p>\n
Starting with Ali Martinez, who told<\/a> his over 165,000 followers on X that several indicators have aligned to support a bullish thesis for DOGE. First, he argued that the OG meme coin has approached a parabolic phase after the asset returned toward the bottom of the large price channel that has contained its movements for years.<\/p>\n As recently reported<\/a>, Martinez also claimed that Dogecoin\u2019s weekly TD Sequential indicator has produced multiple consecutive buy signals. This is a rather unusual occurrence that the analyst described as a potentially important warning of an upcoming rally.<\/p>\n The network activity has improved significantly as well, with active DOGE addresses jumping<\/a> by double digits from 38,000 in July to 44,000 earlier this month.<\/p>\n The analyst\u2019s broader argument is based heavily on the meme coin\u2019s historical behavior. It has repeatedly spent extended periods consolidating near the bottom of long-term structures before eventually producing explosive rallies. Of course, investors should be aware that historical performance is no indicator of future price moves. Nevertheless, DOGE being at $0.07 again means that the risk\/reward equation has changed substantially from the euphoric stages of previous runs.<\/p>\n Martinez is not the only analyst bullish on DOGE. Crypto Patel also highlighted<\/a> the asset\u2019s current position within its long-term accumulation structure. He repeatedly identified the $0.07-$0.10 region as DOGE\u2019s major accumulation zone and believes another successful hold could eventually pave the way toward much more ambitious targets.<\/p>\n Some of his long-term projections sound quite far-fetched at the moment, as the highest is at $4. To get there, though, the meme coin would have to tap $0.28, which is the most realistic one, before it targets new all-time high territory at $1 and $2.<\/p>\nFurther Support<\/h2>\n
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