Saad Ullah
Excitement is building around Dogecoin (DOGE) as traders notice striking similarities between its current price behavior and the setup that preceded the legendary 2020 bull run. The monthly chart reveals an accumulation pattern that looks almost identical to what happened five years ago, raising questions about whether history might repeat itself this November.
Dogecoin's Chart Structure Mirrors 2020 Pattern
According to trader Galaxy, who recently noted that "November might be the month DOGE starts barking," the technical setup on DOGE's chart is hard to ignore. Two large ascending triangle formations stand out when you zoom out to the monthly timeframe. The first one developed between 2018 and 2020, while the second has been forming from 2022 through late 2025. Both show the same characteristics: tightening price action, clear overhead resistance, and a steadily rising floor of support.
Back in the earlier cycle, Dogecoin squeezed between those boundaries before exploding higher in November 2020. That breakout sent DOGE from under a penny to nearly $0.70 within months. Now, the current pattern suggests we could be approaching a similar inflection point if resistance gives way.
Key Technical Levels and Breakout Potential
Right now, Dogecoin is trading around $0.23. Resistance is sitting somewhere between $0.25 and $0.26, while support appears solid in the $0.19 to $0.20 range. The chart's green trajectory line hints at continued upward movement once this consolidation phase wraps up. If bulls manage to push through resistance, the next major targets sit near $0.40 and $0.75—both psychologically important levels that held significance during previous rallies. A confirmed breakout above that resistance line could trigger another aggressive bullish cycle reminiscent of what made Dogecoin a mainstream sensation during the last bull market. On the flip side, failure to hold above $0.20 might lead to another test of lower support before any meaningful upward continuation takes hold.
Why November Matters for Dogecoin
The timing adds weight to the bullish argument. Dogecoin's last explosive rally kicked off exactly five years ago, also in November, after months of quiet accumulation underneath the radar. There's something cyclical about DOGE's behavior, and when you factor in improving on-chain activity and renewed retail interest across crypto markets, November looks like it could be pivotal once again. The phrase "November might be the month $DOGE starts barking" captures the growing sentiment that the original meme coin might be ready to reclaim the spotlight if this historical pattern plays out as expected.
What's at Stake This November
Dogecoin's monthly chart displays a textbook bullish formation that's nearly complete, with historical precedent suggesting a breakout could materialize around early November 2025. Whether this leads to another explosive rally or just extends the consolidation depends largely on how the market responds when price tests that upper resistance line. For now, the crypto community is watching November closely—a month that has previously marked the start of Dogecoin's most memorable bull runs. The next few weeks could determine whether DOGE is ready to bark again or needs more time to build momentum.
Saad Ullah
