Dogecoin, the much-discussed meme cryptocurrency, marked an unexpected milestone this week, as it continued its longest slump below its all-time high—surpassing a staggering 1,550 days. VisionPulsed, a prominent crypto analyst, offered a sobering outlook, suggesting that while a breakout could eventually happen, the coin remains entrenched in what he dubs a “bearish forever” cycle.
The Long Road to Recovery
VisionPulsed, in his detailed August 6 video analysis, delves into Dogecoin’s underperformance compared to other major cryptocurrencies. He noted, “We’re now setting a Guinness World Record for most days below the all-time high for Dogecoin.” This isn’t just a trivial fact; it highlights a fundamental weakness in DOGE’s market cycle. Despite whispers of a liquidity-driven reversal in the broader market, VisionPulsed remains cautiously skeptical about Dogecoin’s readiness to capitalize on such a shift. For a more optimistic perspective, see Dogecoin Just Hit A Prime Risk-Reward Entry, Says Analyst.
A pivotal part of his analysis revolves around the Global M2 money supply—an indicator he has meticulously tracked as a gauge for crypto risk appetite. Although M2 found a bottom in June, VisionPulsed points out that this didn’t historically lead to immediate gains for Dogecoin. “The Global M2 has put in a bottom… but Dogecoin did not move higher until the M2 shot up. And we don’t have that yet,” he explained. By contrast, Ethereum appears more reactive to M2 changes, showing signs of recovery, a divergence that might suggest Dogecoin’s continued consolidation or further retracement before any significant move.
Surfing the Choppy Waters
The potential for Dogecoin to form a choppy consolidation structure, akin to previous patterns that ultimately broke higher, was another key point of VisionPulsed’s analysis. He posits that holding current price levels through mid-August could be a bullish indicator, albeit with caution. “If Dogecoin can do this exact move [sideways accumulation], then it should turn bullish,” he stated, drawing parallels with past rallies and local bottoms marked by low retail engagement. This aligns with observations in Dogecoin Price Is Approaching 4HR RSI Level That Triggered Previous 70% Rally.
However, this time, VisionPulsed hints that the market floor might be forming at a higher level, possibly due to increased market maturity or broader crypto interest. This speculation, while intriguing, is tempered by the analyst’s acknowledgment that the bullish scenario remains highly conditional.
Eyeing the $0.90 to $1.50 Horizon
Despite the current cautious narrative, VisionPulsed outlines a long-term vision, setting price targets that range from conservative to speculative. The conservative outlook places targets between $0.90 and $1.14, with $0.91 potentially marking a significant top under the right conditions. For those with more optimistic inclinations—affectionately referred to as “moonboys” in the community—there’s a glimmer of hope for a run towards $1.50 or even $2, though VisionPulsed himself admits this is less likely. “Even I used to say $2,” he concedes, acknowledging the ambitious nature of such predictions.
Crucially, VisionPulsed refrains from offering time-bound forecasts, emphasizing that macro trends, M2 velocity, and broader altcoin sentiment must align for these targets to materialize. As the crypto market navigates the latter half of the year, he points out that historical cycles have shown a tendency to accelerate, with several final rallies historically kicking off in the August–September window.
As of today, Dogecoin is priced at $0.206, leaving many to ponder whether the coin will indeed break free from its drawn-out slump. The road ahead is paved with uncertainties, and as we inch closer to the year’s end, the question remains: Will Dogecoin defy its “bearish forever” pattern, or is it destined for more of the same?
Source
This article is based on: Dogecoin Doomed To Chop? Analyst Sees $0.90–$1.50 Top—But Not Anytime Soon
Further Reading
Deepen your understanding with these related articles:
- Dogecoin Dragged Lower by Outflows With Technicals Flagging Bearish Continuation
- Dogecoin Price Slips, Fueling Unusual 25,341% Liquidation Imbalance
- Dogecoin Futures Activity on Coinbase Spikes 24% as DOGE Price Resurges
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
