- Dogecoin mirrors its 2024 surge pattern after breaking resistance, signaling strong potential for another major rally in May 2025.
- Consolidation around $1.20 following a 600 percent rally shows market confidence and hints at a continuation of bullish momentum.
- Pattern analysis reveals identical breakout structures and momentum phases, suggesting history may repeat with a new all-time high.
Dogecoin ($DOGE) has captured traders’ attention after breaking a critical mid-term resistance trendline. According to an analysis by Trader Tardigrade, the current breakout shows no signs of being a false move. Besides, the recent price action closely mirrors patterns seen during the February 2024 surge. Consequently, historical similarities suggest a potential massive surge for Dogecoin in May 2025. The coin currently consolidates around $1.20 after peaking near $1.50, reaching levels never seen before in its trading history. Hence, excitement is building for a potential continuation rally that could push DOGE well beyond $1.
Pattern Comparison Signals Historic Move
Trader Tardigrade’s comparison analysis highlights striking similarities between the two DOGEUSD daily charts. The top chart covers January to June 2025, while the bottom one spans December 2023 to March 2024. Moreover, both periods reveal a three-phase structure with matching price patterns.
Initially, Dogecoin experienced three-month downtrends marked by yellow diagonal resistance lines. In early 2025, DOGE declined from $0.30 to $0.16. Similarly, between December 2023 and February 2024, prices dropped from $0.10 to $0.08. Each downtrend also featured two rounded bottom formations, indicated by pink dotted lines, forming clear double bottom patterns.
Following these structures, breakouts occurred above resistance lines at corresponding points. Additionally, both charts showed momentum build-up phases, marked by red dashed trendlines indicating higher lows. Hence, the price action hinted at strong underlying strength before explosive moves.
Momentum Build-up Could Drive $DOGE Higher
Both charts’ post-breakout phases showed almost comparable stair-step price increases. Dogecoin increased 111% from $0.09 to $0.19 in 2024. But in 2025, the increase is even worse, with prices rising 600% from $0.20 to $1.40.Moreover, the 2025 price pattern suggests the magnitude of the move is much greater than the earlier cycle. Price scales confirm this expanded move. Consequently, this strengthens the case for continued bullish momentum. Additionally, Dogecoin’s consolidation near all-time highs signals strong market confidence. If history continues to rhyme, DOGE could see another rally in the coming weeks.
