Alex Dudov
Dogecoin (DOGE) is capturing market attention once again as long-term chart patterns hint at a potential major move. The latest analysis reveals a striking similarity between Dogecoin's current formation and its previous pre-rally structures. The chart, based on monthly no-wick candles, shows a clean, symmetrical pattern that has preceded every significant Dogecoin surge since 2015.
Technical Analysis: History Repeats in Dogecoin's Pattern
The monthly chart provides a clear view of Dogecoin's long-term rhythm - extended consolidation periods followed by sharp vertical price expansions. According to analysis from Trader Tardigrade, the pattern now forming mirrors the same structure that sparked its previous two bull markets.
As the trader notes, "Ignore the noise - a no-wick monthly chart shows just how bullish we are," suggesting this consolidation phase isn't weakness but rather the calm before another macro expansion.
- First Cycle (2015–2017): Dogecoin traded quietly inside an ascending triangle before rocketing from under $0.001 to above $0.01.
- Second Cycle (2018–2021): After years of range trading, a similar setup led to the historic rally to around $0.75 - Dogecoin's all-time high.
- Current Cycle (2022–2025): The chart once again shows a symmetrical triangle tightening near the $0.25 area. The projected move points toward a potential long-term target well above $1.00, possibly reaching multi-dollar levels if momentum repeats past expansions.
The absence of upper wicks in recent monthly candles reinforces the idea of accumulation and low selling pressure, typical before strong upward phases.
Key Technical Levels to Watch
Support sits in the $0.08–$0.12 range, representing the long-term accumulation zone. Resistance has formed between $0.25–$0.30 at the upper boundary of the triangle. A sustained monthly close above $0.30 would confirm the breakout, potentially opening the path toward $1.00 and beyond, following the historical projection pattern. This historical symmetry gives the setup significant weight. A continuation of the same pattern could signal that the coin is approaching the final compression stage before a powerful vertical move - similar to 2017 and 2021.
Broader Context: Sentiment and Market Dynamics
Dogecoin's price action has historically aligned with major Bitcoin market cycles, often rallying later in the bull market when retail enthusiasm returns. As Bitcoin stabilizes and liquidity broadens, meme coins like DOGE tend to benefit from speculative inflows. Additional catalysts - such as Elon Musk's potential Dogecoin integration into the X payments ecosystem or renewed retail attention - could accelerate this move. Combined with its deep liquidity and cultural prominence, Dogecoin remains a unique gauge of crypto market sentiment.
Alex Dudov
