Peter Smith
Dogecoin (DOGE) is forming a familiar long-term pattern that has historically preceded explosive rallies. With the coin consolidating near 0.28,tradersarewatchingcloselyforsignsofanotherbreakout."0.28, traders are watching closely for signs of another breakout. " 0.28,tradersarewatchingcloselyforsignsofanotherbreakout."DOGE season is approaching," notes trader Galaxy, pointing to a chart setup that looks strikingly similar to past bull runs. The weekly chart shows DOGE locked inside an ascending triangle, a structure that in previous cycles has led to parabolic gains.
DOGE Forms Long-Term Triangle
The weekly chart reveals a compelling pattern in Dogecoin's price history, as highlighted by trader Galaxy analysis. In both 2016 and 2020, DOGE consolidated inside ascending triangles before skyrocketing to new highs.
The current structure spanning 2023 to 2025 mirrors these past setups remarkably well, with the price coiling between higher lows and resistance near $0.52. Strong support levels remain intact around $0.23 and $0.05, keeping the long-term bullish framework in place. This repetition of chart structures adds significant weight to the thesis that a breakout may be approaching.
Technical Signals Point to Potential Rally
Several technical indicators reinforce the bullish sentiment surrounding Dogecoin:
- Ascending Triangle: This classic continuation pattern often precedes major breakouts after repeated resistance tests
- Historical Symmetry: Each triangle formation in DOGE's past has eventually led to parabolic price increases
- Key Resistance at $0.52: A weekly close above this crucial level could ignite the next major rally phase
- Support Holding: The $0.28 level continues to provide solid buying interest
Why DOGE Season Might Arrive Soon
Beyond the technical setup, several factors could fuel Dogecoin's next major move. Altcoin rotation typically occurs as traders hunt for higher-risk, higher-reward opportunities after Bitcoin and major altcoins have already moved significantly. Dogecoin's community remains one of the strongest and most passionate in crypto, often providing the liquidity and momentum needed for substantial price moves. Additionally, meme coins historically perform best during mid-to-late bull market phases, and current market cycle timing suggests this window may be opening.
A Breakout on the Horizon?
If Dogecoin manages to break decisively above the $0.52 resistance zone, the long-awaited "DOGE season" could truly begin. The historical precedent is clear - similar triangle patterns have consistently led to explosive rallies. However, traders will need to see sustained buying pressure and strong volume to confirm the breakout. Until then, maintaining support at current levels around $0.28 will be crucial for keeping the bullish structure intact and setting the stage for what could be another memorable run for the original meme coin.
Peter Smith
