Usman Salis
Dogecoin is doing something it's done before – and that's got traders excited. The meme coin that's captured hearts and wallets alike is setting up in a pattern that looks eerily similar to its previous explosive runs. For those who've been watching DOGE's cycles, this setup brings back memories of the massive rallies that turned small investments into life-changing gains.
DOGE Price Builds Pressure on the Weekly Chart
Dogecoin is showing all the signs of gearing up for another big move. On the weekly timeframe, DOGE has been steadily building along a rising support line – the same kind of setup that's led to explosive rallies in the past. When this pattern has played out before, it's launched DOGE into the spotlight and delivered incredible returns to patient investors.
Crypto analyst @TATrader_Alan has been tracking this development and sees striking similarities to DOGE's previous breakout cycles. His analysis shows three major instances where Dogecoin spent years quietly accumulating before exploding higher by thousands of percent. The current chart structure is following that same playbook, suggesting we might be approaching another major breakout moment.
Historical Dogecoin Price Rallies Provide Clues
Looking back at DOGE's history tells an interesting story. In both 2017 and 2021, the coin broke out from similar weekly patterns and delivered gains of over 1,000%. These weren't gradual moves – they were parabolic surges that caught most people off guard. Right now, DOGE is sitting near that same long-term support area, building pressure for what could be its next explosive phase.
Despite starting as a joke, Dogecoin has proven it's got staying power. The coin has built a loyal community, gained real-world adoption for payments, and maintains a strong social media presence. This combination of technical setup and fundamental staying power makes DOGE one of the most interesting altcoins for traders who think in cycles.
The weekly chart is telling a familiar story – one that DOGE holders have seen play out before. If this pattern follows the same path as previous cycles, we could be looking at another massive rally that puts Dogecoin back in the headlines. The big question now is whether this consolidation will break to the upside like it has in the past.
Usman Salis
