Dogecoin (DOGE) is hovering near $0.10 as analyst Cryptollica flags a fourth historical cycle bottom that could pave a path toward $2.
Cryptollica Flags Fourth Cycle Bottom
The meme coin is trading around $0.104 on Monday, retesting the $0.10 support zone from an intraday high near $0.1126, according to a technical breakdown published by NewsBTC.
Cryptollica argues the weekly chart is now mirroring conditions that preceded every prior Dogecoin rally since 2015. The analyst frames each prior low through a psychological lens. Disbelief defined 2015, boredom shaped 2020, and anger marked 2022.
The current setup, he says, is the fourth cycle bottom, where sentiment looks exhausted but the broader bullish structure resets along a long-term rising support line. Trading volume topped $1.5 billion over the previous 24 hours.
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DOGE RSI Signals Oversold Reset
Cryptollica said that the weekly RSI has only entered oversold territory four times in 12 years, with every prior instance marking a final price floor.
His checklist for the call rests on three elements: an oversold weekly RSI, extended price compression and confirmation through holding support. The first two boxes are ticked.
DOGE has spent months grinding around $0.10 rather than trending cleanly, a sign sellers are losing control. Confirmation, the analyst said, would require higher lows on the weekly chart and reclaims of $0.15 and $0.20 in sequence. If the bottom holds, his upside target sits above $2.
Independent commentary from analyst Bitcoinsensus, cited by CoinPaper, also points to the $0.08 to $0.10 band as the structural support zone for the meme coin's current cycle.
Recent DOGE Price Swings
Dogecoin reached an all-time high of $0.7316 in May 2021 and now sits roughly 86% below that peak. Earlier this month, the token was tracking a roughly 37% drop over a 30-day window, with reports noting sustained profit-taking through the broader market.
The slide has unfolded against a wider crypto pullback. DOGE briefly led futures activity on May 14, when open interest in its perpetual contracts rose more than 5% over 24 hours. The meme coin has held the #9 ranking by market capitalization through the consolidation phase.
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