Chart analyst Crypto Patel (@CryptoPatel) is arguing Dogecoin has returned to the same macro support band that preceded its last major cycle runs, framing the current $0.10–$0.06 area as a “re-accumulation” zone with upside targets extending as high as $4 if history repeats.
Dogecoin Hits Key Demand Zone Again
“This Weekly / 2W Chart is Screaming Accumulation,” Patel wrote. “Macro Demand Zone Holding at $0.10–$0.06. Price Respects a Multi-Year Strong Support (Since 2021).”
The argument is straightforward: DOGE has retraced sharply from its peak and is now back in a band where prior expansions began. Patel characterized the setup as “-87% Down From ATH – Classic Cycle Reset,” and added that “Every Previous Touch of This Zone Led to a Parabolic Expansion,” citing two historical bursts: the 2021 move described as a “+17,000%” rally and a 2024 advance labeled “+600%.”
Patel’s roadmap defines three upside targets—$0.50, $1.50, and $4.00—described as a “Full Cycle Extension ~5,500%,” implying a multi-stage move rather than a single straight-line rally. The analysis also provides a clear line in the sand: “Invalidation: Weekly Close Below $0.06,” which would negate the thesis that the region is holding as higher-timeframe demand.
At press time, DOGE traded at $0.09857.
