Alex Dudov
⬤ Dogecoin is back on everyone's radar as its monthly chart shows what could be the start of a third major wave. The pattern is pretty clear when you look at the long-term picture—two big rallies already happened, then came a long correction, and now price is accelerating upward again. The current setup has people wondering if DOGE is gearing up for another massive expansion like we've seen before.
⬤ Looking back, the first big wave played out during 2017's crypto boom, followed by a cooldown and then an even bigger second wave from 2020 to 2021. After hitting its peak, DOGE spent years basically going sideways, bouncing around in a wide range without much direction. But recently, there's been a sharp breakout from that base, and the chart's showing this new move as the possible beginning of wave three. We're talking long-term timeframes here—this isn't about day-to-day noise.
⬤ What's interesting is how momentum is behaving. During the first two waves, we saw huge momentum explosions, and now early signs suggest something similar might be starting. The price is shifting from being squeezed and compressed into a stronger directional move. The parallel between what happened before and what's happening now is hard to ignore.
⬤ Why does this matter for crypto overall? Because Dogecoin has always been a good indicator of when speculation is heating up during major trend phases. If this really is a third wave on the monthly chart, we're looking at a legit long-term move, not just another quick pump. But history also reminds us that DOGE's big rallies have been followed by long, painful corrections—so how this wave develops over the next several months will be crucial to watch.
Alex Dudov
