- Dogecoin’s current cycle mirrors its 2014–2017 pattern, forming a rounded bottom and triangle setup.
- Derivatives open interest rises to $1.75B as long exposure strengthens across major trading platforms.
- Consolidation between $0.03–$0.20 shows accumulation and market stability ahead of a possible breakout.
Dogecoin’s current market pattern continues to mirror its earlier historical cycle. Price action, derivatives activity, and structural formations indicate that the cryptocurrency is retracing its first major bullish setup. Data confirm that Dogecoin maintains steady trading activity, consistent accumulation, and rising long participation across global exchanges.
Dogecoin Price Structure Mirrors Historical Cycle
Dogecoin is trading at $0.1862, marking a 1.8% increase in the past 24 hours. Its market capitalization stands at $28.23 billion, while 24-hour trading volume totals $2.14 billion, showing steady liquidity. The circulating supply and total supply both remain near 151.56 billion DOGE, and the maximum supply remains unlimited.
According to analysis by Trader Tardigrade, Dogecoin’s long-term chart records two nearly identical cycles. Between 2014 and 2017, the cryptocurrency formed a rounded bottom followed by a symmetrical triangle breakout that triggered a multi-year rally.
The current cycle, developing between 2022 and 2026, shows the same technical formation with compression phases preparing for directional expansion. Price data show consolidation between $0.03 and $0.20, with trendlines marking a symmetrical triangle and a red curve showing accumulation. These technical foundations align with Dogecoin’s first major cycle, indicating that historical behavior continues to repeat across broader timeframes.
Derivatives and Market Data Show Strong Participation
According to data from Coinglass, Dogecoin’s derivatives volume reached $5.23 billion, down 35.26%, while open interest increased slightly to $1.75 billion. Options volume rose 28.24% to $61.02 million, and open options interest jumped 156.64% to $97.33K.
The long/short ratio across major exchanges remains stable at 0.97, with stronger long exposure recorded on Binance and OKX. Over the past 24 hours, total liquidations amounted to $7.22 million, with $6.26 million from long positions and $968K from shorts.
Overall, derivatives data and technical analysis show Dogecoin following its first historical cycle. Market participants maintain strong long exposure while trading activity supports stable momentum across spot and futures markets.
