- Dogecoin has completed two parabolic phases, and the current consolidation suggests preparation for a potential third cycle.
- Resistance zones at $0.218–$0.270 are the next possible bullish targets.
- DOGE/BTC chart is signaling a potential breakout scenario if history repeats.
Dogecoin ($DOGE) is showing signs of a possible third parabolic cycle. Traders are watching closely as past trends hint the meme coin could be gearing up for another strong rally.
Historical Parabolic Cycles Suggest Bullish Potential
$DOGE has experienced two major parabolic phases in the past, with each cycle followed by extended accumulation periods. The first occurred between 2017 and 2018,and it established long-term support structures that guided subsequent price action.
The second parabolic cycle unfolded in 2020–2021. It was fueled by social media attention, celebrity involvement, and retail trading,and it saw the coin surge to its all-time high near $0.70, before retracing.Analysts are using the past parabolic trends to provide a reference framework in anticipation for future movements.
DOGE is forming the basis for a potential third parabolic cycle. According to analyst @EtherNasyonaL, the structure is maturing, and the market seems to be preparing for a significant price action once momentum returns.
Technical Support Levels Guide Short-Term Moves
Another analyst @DianaSanchez_04 noted that holding $0.20 is essential for sustaining bullish momentum.A break above immediate resistance could trigger renewed interest and accelerate upward movement.
Conversely, failure to defend support risks downward movement toward $0.185 or lower, testing prior accumulation zones between $0.14–$0.16.Momentum indicators show moderate bullish strength.
The RSI at 59.35 suggests upward potential without overextension, while the MACD histogram indicates early-stage recovery. Traders are likely watching for a MACD crossover to confirm continuation.
DOGE vs. Bitcoin Reveals Structural Opportunities
Long-term DOGE/BTC has formed a descending falling wedge pattern since 2021. @krisspax observed that historical patterns from 2017–2021 suggest that such structures can precede strong bullish breakouts as resistance around 0.00000200 BTC presents a pivotal equilibrium.
Declining volatility near the wedge’s indicate an upcoming expansion phase, and if DOGE/BTC follows historical trends, a cyclical reversal could mirror prior rallies. However, sustained consolidation is also possible before meaningful upward movement occurs.
This makes the current setup critical for both traders and long-term investors monitoring market patterns.Dogecoin is trading at $0.2013 with a 24-hour volume of $1,578,402,601, showing a minor decline of -0.67% and a weekly gain of 3.47%.
