- Dogecoin forms a rising wedge pattern again, mirroring setups seen before previous major rallies.
- Whale wallets accumulated 1.08B DOGE as price moved above $0.24, signaling bullish positioning.
- Long-term charts show DOGE may repeat its 4-year cycle, aiming for a breakout toward the $1 level.
Dogecoin (DOGE) is showing a familiar pattern that has preceded past rallies, sparking renewed attention from analysts and investors. At the time of writing, DOGE was trading at $0.2521. Based on current technical setups and on-chain activity, a continuation toward the $1 mark remains possible.
Recurring Technical Patterns Point to Potential Breakout
According to an observation by Trader Tardigrade, Dogecoin is repeating a rising wedge pattern seen before earlier price surges. The chart shows a similar wedge formed in late 2024, which led to a sharp rally near $0.90. Another structure emerged in mid-2025 following a rounded bottom, leading to a breakout above $0.20.
The latest formation appears within a long-term rising channel, supported by increasing lows and higher highs. Chart analysis by Crypto Yoddha confirms this structure has held since early 2023.
The most recent bounce occurred just above $0.15, with price rebounding from the channel’s midline. Analysts note that holding this trendline may support further movement toward the upper channel, which projects targets above $0.80.
Whale Accumulation and Long-Term Chart Cycles Suggest $1 Target
On-chain data shared by analyst Ali Martinez revealed that large holders have added over 1.08 billion DOGE in just two days. These addresses hold between 100 million and 1 billion DOGE and are often seen as long-term or institutional investors. This activity coincided with the price climbing past $0.24.
Historically, whale accumulation has aligned with upcoming rallies in the DOGE market. The trend shows positioning for upward momentum. At the same time, long-term charts shared by Trader Tardigrade highlight a repeating four-year cycle. The annual structure has shown major breakouts in 2017 and 2021, both following a rounded bottom.
The same pattern is forming again, with the current setup aligning closely with the previous cycles. If the trend continues, analysts suggest DOGE could enter a new upward phase in 2025, possibly reaching and surpassing the $1 level.
