Dogecoin has pushed a cycle-style positioning metric to a stage by no means seen earlier than in its historical past, and the chart’s context suggests the market has solely been in comparable territory twice, each occasions close to main cycle lows.
Alphractal founder and CEO Joao Wedson stated DOGE has now crossed a key threshold in his “Variety of Days Spent at a Revenue” indicator.
“For the primary time, Dogecoin has amassed greater than 1,100 days up to now the place the value was increased than at this time’s stage,” Wedson wrote on X alongside the chart. “The Variety of Days Spent at a Revenue measures what number of historic days traded above the present worth, reflecting market reminiscence and the aggregated positioning of holders over time. The upper the worth, the longer the historic interval that was traded at ranges above the present worth.”
The indicator is simple: it counts what number of prior days in DOGE’s buying and selling historical past printed costs above the present stage. A increased studying implies at this time’s worth sits beneath a bigger share of Dogecoin’s historic “tape,” which will be interpreted as an expanded footprint of prior buying and selling ranges above spot—what Wedson calls “market reminiscence.”
What This Might Imply For Dogecoin
The chart provides an essential historic inform. Earlier than this newest surge towards the 1,100+ day milestone, Dogecoin solely moved above the 800-day stage twice. These two cases occurred across the March 2020 backside and the October 2023 backside, in accordance with the chart and Wedson’s framing.
In each historic circumstances, the transfer above 800 days coincided with a significant turning level that was adopted by parabolic runs in subsequent months. From the March 2020 low to the November 2021 peak, DOGE rallied from about $0.0011 to its all-time excessive close to $0.76, a achieve of greater than 65,000%. From the October 2023 low to December 2024, DOGE rose roughly 750%, climbing from about $0.0569 to $0.4846.
Wedson emphasised that this isn’t a sign about an intraday swing however a longer-horizon situation. “This can be a structural cycle metric, not only a short-term transfer,” he stated—positioning the brand new 1,100+ day milestone as a regime-level datapoint about the place at this time’s worth sits versus Dogecoin’s historic distribution.
The open query from right here is whether or not this unprecedented studying will behave like prior extremes, the place elevated “days above present worth” aligned with cycle lows, or whether or not the market’s present construction breaks that historic rhyme.
At press time, DOGE traded at $0.09705.
