Dogecoin is trying to flip its broken downtrend into support, but the bigger $DOGE/$BTC chart still says patience matters. If buyers defend the retest and capital starts rotating into riskier altcoins, $DOGE could build toward $0.12.
$DOGE/$BTC Compression Shows Why Dogecoins Next Spike May Take Time
Dogecoin may be setting up for another major move against Bitcoin, but one analyst says the chart is not ready yet. The $DOGE/$BTC monthly structure still shows years of compression, meaning the next rally may depend on broader capital rotation rather than meme hype alone.
$DOGE/$BTC monthly chart. Source: Cryptollica on X, TradingView.
The chart shows $DOGE/$BTC moving under a long-term descending resistance line after two major vertical rallies in past cycles.
According to Cryptollica, the 2024 breakout attempt failed, and the pair has continued to compress near a long-term support area. That suggests Dogecoin has not yet confirmed a new cycle against Bitcoin.
The analyst said $DOGE usually moves when risk appetite rises and capital rotates into more speculative assets. That kind of move often needs a shift in Bitcoin dominance or stronger ETH/$BTC structure first.
For now, $DOGE/$BTC remains in a multi-year compression phase. Low attention, weak belief and underwater holders have appeared before previous rallies, but they do not guarantee another breakout.
The key level to watch is the descending resistance line. A clean break above it would suggest $DOGE is starting to outperform Bitcoin again.
Until then, the chart points to patience. Dogecoin may still have a future liquidity-driven spike, but the $DOGE/$BTC structure has not confirmed that moment yet.
Dogecoin Trendline Break Puts $0.12 Back in Focus
Dogecoin has broken above its long-term descending trendline and is now retesting that level as support. If buyers hold this zone, $DOGE could build momentum toward the $0.12 area faster than many traders expect.
$DOGE/USDT daily chart. Source: Celal Kucuker on X, TradingView.
The chart shows $DOGE recovering after a long decline from its May highs, with price breaking above the descending trendline that had capped the move lower.
That breakout matters because the trendline had acted as resistance through the June downtrend. A successful retest would suggest the old resistance is turning into new support.
According to Celal Kucuker, Dogecoin is one of the cleanest altcoin charts right now. He said the key signal is whether $DOGE can hold the trendline retest.
The first level to watch is around $0.0713, which sits near the lower support band on the chart. Holding above that area would keep the recovery structure intact.
On the upside, the chart points first toward $0.0905, then the larger target near $0.1187. That would place $DOGE close to the $0.12 resistance zone.
However, the setup still needs confirmation. If $DOGE fails to hold the retest, the breakout could weaken and price may return to sideways movement.
For now, the trendline retest is the key signal. If buyers defend it, Dogecoin could start building a stronger move toward $0.12.