- Dogecoin looks ready for another big jump as its chart shows the same setup that sparked major rallies in past years.
- Experts say Dogecoin could be entering a new bull phase after breaking a long slump and finding strong support again.
- The coin’s price pattern repeats the same buildup seen before huge moves, hinting that a major run could be close.
Dogecoin’s market structure is showing early signs of a massive shift. Analysts believe the popular meme coin is gearing up for what could become its third major bull wave. The renewed optimism stems from fresh technical readings showing a confirmed breakout from a multi-year downtrend.
Currently, $DOGE trades near $0.195, gaining strength in the lower band of its long-term ascending channel. This level historically preceded explosive rallies, suggesting that momentum is quietly building again.
According to EᴛʜᴇʀNᴀꜱʏᴏɴᴀL on X, “Dogecoin experienced two major bull waves in 2017 and 2021. Another bull wave is now loading.” The analyst explained that the long downtrend is broken and the 25-month moving average has turned into strong support.
Moreover, historical data confirms that previous bull cycles began when price reclaimed this average. Hence, the current structure mirrors earlier pre-rally phases, signaling the early formation of the third bull wave.
Historical Cycles and Technical Structure
Dogecoin’s long-term chart reveals three distinct growth waves since 2014. The first wave began in late 2016 and peaked in early 2018. It was followed by the 2021 surge, when DOGE reached $0.746 during a 21,000% rally. Each expansion phase emerged after extended consolidation near the same moving average support. Consequently, the ongoing setup fits perfectly within this recurring framework.
Additionally, Bitcoinsensus reinforced the same perspective, noting that “In every past cycle, $DOGE has maintained the same series of phases play out. A classic bear market, followed by a build up phase, then the massive move up.” Their chart projects a potential 4,447% increase in the upcoming phase, targeting around $7.21 if the historical rhythm continues.
Signs of a New Market Cycle
Current price activity shows stability and accumulation between $0.19 and $0.20. Besides, the broader market has begun rotating toward older altcoins, adding further confluence. Furthermore, technical oscillators on the higher timeframes suggest growing strength, similar to early 2020 readings before DOGE’s parabolic rally.
