Usman Salis
Dogecoin looks like it's quietly positioning itself for another significant breakout—one that could kick off its third long-term bull cycle. The long-term chart backs this up, showing Dogecoin moving within a multi-year rising channel—the same type of pattern that came before its explosive runs in 2017 and 2021.
Three Bull Waves: A Consistent Pattern
In a recent post, EtherNasyonaL observed that "Dogecoin continues to follow the same structural rhythm as in past cycles. Momentum is building quietly above key support — the setup remains intact. Patience before ignition." The chart shows three distinct bull waves, each following a familiar rhythm: consolidation, accumulation, then breakout. Since 2015, Dogecoin has stayed within a long-term upward channel, with the 25-month moving average (25MA) acting as reliable support throughout its history.
The first wave (2015–2018) saw DOGE break out after years of quiet accumulation in the lower band. Once it reclaimed the 25MA, the coin surged and established its cyclical nature.
The second wave (2019–2021) followed the same playbook. After consolidating above the 25MA again, Dogecoin exploded during the broader crypto bull market and retail frenzy, hitting all-time highs near $0.70 and cementing its place as more than just a meme.
The third wave (2023–2026?) appears to be forming now. DOGE is consolidating above $0.19, maintaining that same upward rhythm. If the pattern holds, the chart suggests potential targets between $0.55 and $1.20 as price works toward the upper trend channel—consistent with historical moves.
Why This Setup Matters
The 25MA remains the line to watch. Dogecoin has never entered a full bull phase without holding above it. Right now, several technical factors support the bullish case:
- The long-term trend channel remains intact, with DOGE continuing to make higher lows and higher highs
- The accumulation zone around $0.055–$0.07 served as the base for this cycle
- Current price near $0.19 puts Dogecoin mid-channel, leaving room for a push toward upper resistance if momentum picks up
- The calm consolidation above support mirrors the quiet periods before DOGE's previous rallies
Beyond the charts, Dogecoin's fundamentals have actually matured since earlier cycles. The network is seeing renewed developer interest in payments and tipping. There's ongoing speculation about integration with X (formerly Twitter), where DOGE's speed and low fees could make it ideal for micro-transactions. And with Bitcoin stabilizing and liquidity rotating into altcoins, Dogecoin could benefit from the same "rotation effect" that fueled past secondary rallies.
If the technical setup and market sentiment align like they have before, Dogecoin might be preparing to deliver the kind of momentum it's become known for.
Usman Salis
