- Dogecoin forms higher lows within a symmetrical pattern, signaling a possible 311% rally ahead.
- Whale investors have accumulated 4.72 billion DOGE, reinforcing confidence and price stability.
- Grayscale’s ETF registration boosts optimism as Dogecoin eyes a move beyond its $0.73905 peak.
Dogecoin showed a recurring bullish pattern with continued higher lows supporting a move higher towards the all-time high price of $0.73905. The cryptocurrency is in a symmetrical consolidation phase, indicating a potential 311% rally that could push prices far past previous records.
Dogecoin Maintains Bullish Structure Ahead of Potential Breakout
According to analysis prepared by Javon Marks, Dogecoin’s price movement between 2014 and 2025 reveals three distinct bullish phases. All the cycles started with a lengthy consolidation, which was succeeded by an upward breakout to new all time highs. The pattern suggests that the present consolidation is setting up for another strong upward continuation.
The chart shows that Dogecoin reached major peaks in 2017 and 2021, with the latter rally pushing prices to $0.73905. Since then, the asset has retraced and entered another accumulation phase. Marks’ analysis indicates that as long as higher lows hold, the trend remains structurally bullish, with a projected move exceeding 311% to retest and surpass its prior high.
CoinGecko data showed Dogecoin trading around $0.176 with a 24-hour range between $0.1675 and $0.1781. The cryptocurrency’s market capitalization stood at $26.59 billion, while the 24-hour trading volume reached $2.02 billion, reflecting sustained market participation and liquidity.
Whale Accumulation and ETF Speculation Support Market Strength
Market data also shows growing whale activity supporting Dogecoin’s accumulation trend. According to Ali Charts, large holders purchased approximately 4.72 billion DOGE over the past two weeks. This accumulation has contributed to strengthening price stability while indicating increased confidence among major investors.
Further optimism has been fueled by reports of Grayscale Investments registering Dogecoin ETFs in the Depository Trust and Clearing Corporation registry. The growth has increased market anticipation of a potential ETF launch, which might increase institutional exposure to the asset.
Dogecoin has been in a symmetrical pattern of consolidation, which has been supported by consecutive higher lows, which still strengthen its bullish prospects. With the continued accumulation and improvement of the market sentiment, analysts believe that the cryptocurrency will have its next technical target to be the all-time high of $0.73905, which can possibly be broken beyond the price.
