Peter Smith
The people's crypto is stirring again. Dogecoin has been quietly building something that looks awfully familiar to those who've watched its previous explosive runs. With the meme coin showing strength above key levels and historical patterns starting to rhyme, traders are wondering if we're about to witness another legendary DOGE rally.
DOGE Price Setup Signals Start of New Bull Phase
Dogecoin is catching eyes again as traders spot what could be the start of its next major run. The chart's telling a story we've seen before – and if history has anything to say about it, things might get interesting real quick.
Trader @JavonTM1 points out that DOGE's current behavior is following the same playbook as previous cycles. We're talking about those classic consolidation periods that suddenly explode into jaw-dropping rallies. Right now, DOGE is holding strong above support levels that matter, and that's got people paying attention.
The pattern is pretty straightforward: periods of sideways action followed by explosive moves that leave everyone scrambling to catch up. Based on how things are shaping up, we could be looking at the setup phase before DOGE makes its next big statement.
DOGE (DOGE) Price Targets Above $0.73
Here's where things get spicy – technical analysts are eyeing targets that could deliver more than a 3x gain from current levels. We're talking about price action that could push DOGE well above its previous all-time high of $0.73905.
The bullish case gets stronger when you look at DOGE's accumulation pattern. It's building that foundation that usually comes before the fun stuff happens. Traders are already whispering about the "most bullish phases" being just around the corner, which could send DOGE into completely uncharted territory.
If the momentum train starts rolling, DOGE could smash through to new records during this next cycle. The combination of market optimism and that unstoppable meme-driven retail energy could be rocket fuel for another legendary run.
Of course, crypto being crypto, nothing's guaranteed. If DOGE can't hold those near-term support levels, we might have to wait a bit longer for the fireworks. But for now, the setup's looking pretty interesting for anyone who's been waiting for the next DOGE show.
Peter Smith
