Introduction
A detailed technical analysis by crypto analyst Cryptollica has identified a repeating cycle fractal in Dogecoin’s price chart, suggesting the leading meme coin is in the final accumulation phase before a major bull run. The analysis, which draws direct parallels to the structure preceding DOGE’s historic 2021 rally, points to key technical formations and indicator resets that historically signal an explosive move is on the horizon, with a price target above $1.
Key Points
- Analyst identifies Dogecoin at 'Point 4' in a macro cycle fractal, mirroring the structure before its 2021 parabolic run.
- Weekly RSI has reset to the 32 level, a historical floor that has signaled exhaustion of sellers and preceded major rallies.
- Current price action is described as forming a 'heavy base' and a 'rounding bottom,' typical of the 'calm before the storm' accumulation phase.
The Cycle Fractal: Rhyming with History
Crypto analyst Cryptollica has presented a compelling macro-level analysis of Dogecoin, identifying a cycle fractal that has repeated at key structural points. The analyst’s chart highlights four distinct phases, with Dogecoin currently positioned at ‘Point 4.’ According to Cryptollica, this structure is ‘rhyming perfectly’ with the pre-bull run accumulation phases observed in the past, specifically mirroring the pattern that launched the massive 2021 parabolic run.
The fractal is characterized by ‘Rounding Bottoms’ formations. Zones 1 and 2 are described as ‘boredom phases’ where volatility died down and ‘smart money’ accumulated. Zone 2 famously served as the launchpad for Dogecoin’s 2021 surge. Cryptollica notes that Zone 4—the current price action—is exhibiting the same rounding-bottom formation, with the DOGE price stabilizing and ‘forming a heavy base just like it did before the previous explosions.’ This pattern suggests the current period is the ‘calm before the storm,’ setting the stage for a significant upward move.
Technical Indicators Align with Bullish Thesis
Beyond the fractal pattern, Cryptollica’s bullish outlook for Dogecoin is bolstered by key technical indicators, most notably the Relative Strength Index (RSI). The analyst emphasizes that the 32 level on the weekly RSI has acted as a historical floor for DOGE. The data shows that the DOGE price has formed a macro bottom every single time the weekly RSI touched or hovered near this critical baseline.
Cryptollica reports that the RSI has now reset back to this pivotal support level. This reset is interpreted as a signal that sellers are exhausted and momentum is ‘primed to flip’ from bearish to bullish. The convergence of the rounding-bottom price structure with the RSI at this historically oversold support level creates what the analyst describes as a clear ‘buy zone,’ reinforcing the argument that a major impulsive move is loading.
The Golden Pocket for Accumulation
Cryptollica synthesizes these observations by declaring that Dogecoin is in the ‘Golden Pocket for accumulation.’ This term signifies an optimal risk-reward zone for investors to build positions. The analyst asserts that the cycle fractal is not random noise but a ‘cyclical reset,’ a recurring market mechanism that sets the stage for the next leg up.
In line with this analysis, Cryptollica has issued a direct call to action, urging investors to ‘buy Dogecoin.’ The setup, characterized by patient accumulation within a defined technical structure, points to a potential rally that could propel the DOGE price above the $1 mark, echoing the trajectory of its previous cycle. At the time of the analysis, Dogecoin was trading around $0.127, a level the framework positions as a foundational base before the anticipated bullish breakout.
📎 Related coverage from: newsbtc.com
