Saad Ullah
Dogecoin (DOGE) is flashing a powerful bullish signal that echoes its historic breakout patterns. A long-term chart comparison reveals that the cryptocurrency is potentially entering a third major cycle, with prices currently accelerating above key technical levels.
DOGE Price Breakout Mirrors Past Cycles
Dogecoin (DOGE) is currently trading at $0.26029, marking a dramatic 57.55% daily increase. The candle opened at $0.16521 and reached a high of $0.28746 before slightly pulling back. This surge resembles the previous breakout phases from earlier cycles in 2017 and 2021.
Each of the past two cycles showed DOGE consolidating within a descending wedge, followed by an explosive breakout to new highs. The current chart clearly illustrates that Dogecoin is again testing the upper boundary of a long-term downtrend line, with Cycle 3 potentially just beginning.
New Highs Ahead? DOGE Targets Key Resistance Levels
If the pattern continues, DOGE price could soon challenge major resistance levels. The next key area to watch is $1.13967, followed by a possible parabolic rise if volume and momentum continue building.
Cycle analysis suggests this isn't just a bounce, but a setup for a major rally. Traders are eyeing the breakout structure, which could send Dogecoin to uncharted territory once again.
Saad Ullah
