Peter Smith
Dogecoin is catching serious attention from traders right now, and for good reason. The meme coin's long-term chart looks almost identical to what happened right before its epic 2017 rally. Analyst @TATrader_Alan recently shared a fascinating two-month candlestick comparison that shows DOGE completing the same rounded accumulation pattern that preceded its last major surge.
Back in 2017, this exact setup marked the end of years of sideways action and kicked off an absolutely insane rally. The current pattern, highlighted in blue on the chart, shows DOGE slowly grinding higher after building a solid multi-year foundation. Some analysts are calling it "a historic repeat" in the making.
DOGE Price Holding Strong Above Critical Support
Right now, DOGE is trading comfortably between $0.17 and $0.26, with the action getting tighter near the top of its consolidation range. The magic number everyone's watching? That's $0.40 — the critical breakout level that could unleash a monster rally toward the coveted $1.00 target.
What's really interesting is how similar this looks to DOGE's 2014-2017 journey. Both cycles started with a brutal crash, then spent ages building a bottom, followed by this slow, steady climb that forms a perfect cup-shaped base. On-chain data suggests whales might be quietly loading up their bags while retail isn't paying much attention yet.
Technical Setup Points to Major DOGE Price Breakout
The parallels between these two major accumulation phases are honestly pretty wild. We're talking about the 2014-2017 cycle and what appears to be the 2022-2025 setup unfolding right now. Both followed the same playbook: sharp decline, extended bottoming process, then this methodical climb that's building serious momentum.
If history decides to rhyme here, we could be looking at some explosive upward action, especially with the broader crypto market showing decent strength. But here's the thing — traders aren't getting too ahead of themselves. False breakouts happen all the time in crypto, so the smart money is waiting for a confirmed close above that $0.40 resistance before making any big moves. Patience could be the difference between catching a rocket ship or getting burned by a fake-out.
Peter Smith
