- Dogecoin forms a new monthly ascending channel, repeating patterns that preceded major rallies in 2016 and 2020.
- Large holders accumulated 327 million DOGE as trading and futures volumes rose, signaling growing market activity.
- Analysts report Dogecoin’s long-term structure remains intact, with consistent higher lows and strong technical momentum.
Dogecoin (DOGE) continues to exhibit a long-term ascending structure, forming another monthly ascending channel that historically appears before major surges. The pattern has reemerged in 2025, reflecting similar setups seen in 2016 and 2020, which preceded strong rallies. At the time of writing, DOGE was trading at $0.1933, showing steady activity amid rising trading interest.
Historical Patterns and Market Behavior
According to analysis prepared by Trader Tardigrade, Dogecoin’s price chart from 2014 to 2027 reveals three recurring ascending channels that developed before substantial upward movements. The first channel appeared in 2016, where Dogecoin recorded higher highs and higher lows before an extended rally. The second formed in 2020, leading to the major breakout and price surge seen in 2021.
The current ascending channel which is being created during the year 2024 and 2025 is equivalent to the gradient and length of past cycles. Market data show that Dogecoin still has higher lows and an ever-increasing volume, and this is in line with previous pre-surge setup. Each channel historically serves as a consolidation phase where buying pressure builds before a strong expansion phase.
Further observations by Cryptollica divide Dogecoin’s long-term performance into three cycles; 2017, 2021, and 2023 onward, each starting from a higher base. These repeating structures confirm a sustained upward market trend over multiple years, showing consistent accumulation followed by breakout rallies.
Derivatives Data and Institutional Activity
On-chain data shows that large holders purchased more than 327 million DOGE in the last 24 hours. The move coincided with a 10% increase in trading volume above the weekly average. Futures markets experienced a 9% increase in volume, which indicated increased speculative demand and institutional interest.
According to data from Coinglass, total derivatives trading volume increased 21.42% to $5.89 billion, showing higher liquidity and participation. The open interest was reduced by 4.16% to $1.87 billion and options volume was increased by 74.53% to $33.19 million thus showing more interest in the market.
The long-to-short ratio stood at 0.9168 overall, with stronger long positioning on major exchanges such as Binance and OKX. Liquidation levels remained moderate at $8.62 million, showing stable leverage across the market. Analysts note that Dogecoin’s monthly ascending channel and active derivatives positioning reinforce the token’s strong technical setup heading into late 2025.
