Peter Smith
⬤ Dogecoin is forming a familiar bullish pattern on the monthly chart following what looks like a breakdown. The chart shows multiple instances where DOGE touched an ascending support line and then launched into strong upward moves. The current 2025 setup mirrors these earlier patterns, with arrows marking similar moments from previous years.
⬤ This long-term trendline has acted as a launch pad for major price runs in the past. Each time Dogecoin revisited this rising support, it stabilized before climbing significantly in the months that followed. The latest test of this same level could set the stage for another strong performance, echoing the cycles shown in earlier portions of the chart.
⬤ What makes this support zone important is its consistency—Dogecoin has been forming higher lows along this structural path for nearly a decade. Traders focused on longer timeframes are treating this area as a potentially pivotal moment in DOGE's multi-year trajectory. The monthly candles suggest the pattern is holding.
⬤ For investors, this repeated interaction with the trendline matters because these structures often shape longer-term momentum. Confirmation will depend on how upcoming monthly candles close, but the current position lines up closely with past conditions that led to notable rallies. It's a setup worth watching as the broader crypto market looks for its next directional move.
Peter Smith
