As the market bounces from the recent lows, Dogecoin (DOGE) is attempting to turn a crucial area back into support. Some analysts have highlighted that the cryptocurrency could be repeating its past performances, which could lead to a massive move in the coming months. Amid this performance, some market observers affirmed that the memecoin could be near the end of a macro consolidation. Analyst Bitcoinsensus noted that Dogecoin has followed a similar pattern to the upside during previous cycles. As of this writing, Dogecoin is trading at $0.125, a 1.4% decline on the weekly timeframe.