Dogecoin (DOGE) is regaining strong bullish momentum after weeks of consolidation, with analysts highlighting a repeating cycle pattern that could fuel further upside. The meme-inspired cryptocurrency, which has seen an 11.68% gain in the past week, now trades around $0.2585 with a market capitalization of over $39 billion. 42-Day Cycle Hints at a Renewed Uptrend According to Trader Tardigrade, Dogecoin’s price movement continues to follow a recurring 42-day cycle marked by alternating corrections and recoveries. Each cycle begins with a retracement and ends with higher lows, reinforcing an ongoing uptrend structure. The latest correction appears to have bottomed out near the $0.20–$0.22 zone, an area that has repeatedly acted as strong support. Hence, if history repeats itself, Dogecoin could now be entering its next bullish leg. The projected cycle points toward a potential rally toward $0.30–$0.35 in the coming weeks, provided the upward rhythm continues. Besides, sustaining momentum beyond this range could extend the rally toward $0.36 or higher. This pattern has historically proven reliable, offering traders a structured way to anticipate Dogecoin’s short-term price direction. Source: X Ascending Wedge and Rising Momentum Another respected market analyst, dogegod, noted that Dogecoin’s chart is forming an ascending wedge pattern, reflecting continued accumulation since mid-June. The price currently trades near $0.263, having gained strength after rebounding from the $0.22 zone. Immediate resistance sits around $0.29–$0.30, defined by the upper boundary of the wedge. Source: X Moreover, a decisive breakout above this resistance could open the door to a broader rally toward $0.35 and possibly beyond. However, maintaining price stability above $0.22–$0.23 remains crucial to preserving Dogecoin’s bullish structure. Speculation Over SEC-Linked 401(k) Inclusion Adding to the positive sentiment, Coinvo recently reported speculation that the U.S. SEC may allow 401(k) providers to include Dogecoin. The rumor has generated significant buzz online, attracting over 90,000 views within hours. Although unconfirmed, analysts believe even a pilot inclusion could mark a milestone for mainstream adoption, similar to Bitcoin and Ethereum’s entry into retirement portfolios earlier this year.
