Saad Ullah
Dogecoin has a knack for defying expectations. While many dismiss it as just a meme coin, its price history tells a different story. The first cycle delivered 180x gains, the second hit 561x, but this third one? Only 9x so far. That gap suggests we might still be early.
Historical Performance
A recent analysis by EtherNasyonaL points to something interesting: DOGE's current movement looks eerily similar to its past two explosive runs. The chart shows three distinct cycles. The first, running from 2014 to 2017, saw Dogecoin climb roughly 180x before cooling off. The second wave between 2018 and 2021 was even wilder, peaking at 561x. Now we're in the third cycle, which started around 2022 and has only managed a 9x move through 2025. That's a fraction of what came before.
Each cycle follows a similar script: price consolidates inside a descending channel, accumulation builds, then comes the breakout. Right now, DOGE appears to be breaking upward from that familiar formation, mirroring the early stages of its previous parabolic runs.
What's Behind This Setup
Several factors are lining up. Crypto markets tend to move in cycles, with periods of quiet accumulation followed by explosive growth. Dogecoin has tracked this rhythm consistently. Its community remains one of the strongest in crypto, with cultural momentum that's hard to quantify but impossible to ignore. High-profile endorsements, particularly from Elon Musk, keep DOGE in the conversation. There's also the broader market context: when Bitcoin and major altcoins gain strength, capital often rotates into riskier plays like Dogecoin.
On the technical side, support has held around $0.08 to $0.10, where the price has consolidated multiple times. The next meaningful resistance sits between $0.25 and $0.30. If history repeats, this third cycle could eventually push far beyond those levels, potentially multiplying many times over from current prices.
Saad Ullah
