DOGE price prediction: Will the long-term downtrend of 2021 reverse, and will the price double again?

DOGE has welcomed a long-awaited resurgence, rising to $0.2300 in the Asian early trading session today (18th), with a monthly increase of over 35%. As the monthly chart of DOGE reverses, its price begins to rise again, becoming the focus of the market. One of the most closely watched strategies comes from top analyst CryptoPatel, who shared a swing trade idea that showcases real upward potential. In his tweet, he elaborated on the long-term perspective based on price structure, past performance, and key Liquidity areas.

In the past few years, DOGE has been in a sideways consolidation phase, but now on a larger timeframe, DOGE is showing initial signs of revival. According to CryptoPatel, if the price remains stable and maintains a bullish structure, DOGE may head towards its previous highs.

Everything started with a clear change in market structure on the monthly chart, indicating that the long-term downtrend since the peak in 2021 may finally reverse. The chart of DOGE also shows fluctuations in Liquidity, followed by a reaction in the main demand area, indicating growing interest from buyers.

The factor supporting this trend is the reaction of the order block located near the bottom of the current range. This area has driven the recent pump.

With the current higher lows and the successful retest of breakout levels, the charts indicate that the DOGE price may be transitioning from an accumulation phase to a more directional uptrend.

(Source: Trading View)

DOGE price action aims at undeveloped areas

CryptoPatel's tweet mentioned two main target areas. While the price chart of DOGE shared specific values, the focus remains on the areas that were previously rejected and have not been tested since the last cycle. These areas represent key external Liquidity points on the monthly chart, and if momentum strengthens, they may become reaction levels.

This setting marks a swing entry point that aligns with the previous consolidation range and volume clusters. The structure is designed to capture the fluctuations of the asset during the transition from accumulation to expansion at these historical levels. If the DOGE price breaks through these areas, it may trigger broader market volatility.

DOGE Price Analysis: Support Structure Verified Through Order Block Reaction

The support level continues to hold, anchored by the previous order block where DOGE saw directional movement.

The current range is above the demand zone, and the reaction in that area remains intact. This supports the current view that buyers still have control over the long-term structure.

The stop-loss area outlined in the chart indicates a clear invalidation point for the setting. As long as the DOGE price remains above this area, the volatility theory remains valid. The area below the current structure continues to provide high time frame support and has shown persistence over the past few months.

In addition, CryptoPatel's trading strategy has gained widespread attention in the trading community due to its alignment with the concept of smart money. The combination of clear market structure changes, demand zone reactions, and liquidity targets has made people increasingly interested in the current state of this asset.

This trend follows a common pattern seen in early rebounds. If the trend is as shown in the chart, traders are following the long-term trend of DOGE prices potentially returning to historic highs. The next few months will clarify whether the current momentum can sustain itself into a full breakout phase.