- Dogecoin has surged 49% in 9 days as smart money buys in after liquidity grabs cleared weak hands and confirmed strong momentum.
- Historical patterns and Bitcoin halving cycles suggest Dogecoin may be gearing up for another massive rally like its 2021 breakout.
- Rising volume and bullish technical setups show Dogecoin is attracting serious buyers again with a possible breakout on the horizon.
Dogecoin is showing serious bullish signals as price action mirrors its legendary 2020 breakout setup. Over the past nine days, DOGE has rallied nearly 49%, jumping from around $0.164 to highs near $0.245. Traders have identified a series of classic “liquidity grab” patterns that helped clear weak hands and fuel stronger momentum. This behavior signals that smart money may be loading up before another major move.
Besides, the rally isn’t just hype. DOGE is seeing increased volume during key moves, which confirms genuine buyer participation. Price surges have coincided with high-volume spikes, especially around July 12–13. The most recent price action shows a strong upward trend with limited pullbacks. This reflects steady buying pressure, not just short-lived pumps.
Liquidity Grabs Clear the Way
The hourly chart reveals three clear liquidity events. Two buy-side grabs occurred on July 7 and July 11. In each case, DOGE briefly dipped below key support levels. This move triggered stop losses before reversing upward. These actions typically signal accumulation by larger players.
Source: Trader Tardigrade
On the sell side, DOGE spiked briefly above resistance on July 11. That false breakout triggered long entries before price pulled back, trapping over-eager buyers. However, the broader trend remained intact. DOGE quickly returned to its consolidation zone and continued climbing afterward. This kind of setup is common before strong breakouts in trending markets.
History Suggests Bigger Moves Ahead
Long-term charts offer more bullish clues. DOGE is currently in the same price range it held before its legendary 2021 run. Analysts now see a recurring pattern that follows Bitcoin halving events. These supply shocks often kick off sector-wide rallies.
DOGE has surged after each Bitcoin halving. After 2016, DOGE climbed from near-zero to $0.0070. Post-2020, it jumped to $0.70. The latest cycle, after the 2024 halving, sent DOGE above $4.00 before the recent pullback.
Source: Swizz
That’s a 6x gain from the previous peak. Moreover, triangle breakouts have historically marked the start of each rally. The current chart shows a similar descending triangle, with DOGE now near a possible breakout point.
