Dogecoin forms a repeating cycle pattern, with the current phase resembling pre-rally stages from past years.
Trading volume jumps 81%, supporting bullish setup as DOGE climbs within an upward price channel.
Historical structure projects potential DOGE price target of $7.21 from current consolidation base.
Dogecoin (DOGE) is displaying chart behavior similar to previous market cycles. Analysts say the current pattern may reflect earlier phases that preceded major rallies. At the time of writing, DOGE is trading at $0.2120 with strong market volume and rising investor activity supporting upward momentum.
Cyclical Patterns Suggest Final Phase Before Possible Surge
According to analysis prepared by Bitcoinsensus, Dogecoin is once again forming the same geometrical structure seen in past bull cycles. The pattern includes a breakout from a descending wedge followed by a steady climb within an upward price channel. Analysts identify this moment as the "final blue phase," which has previously led to substantial price increases.
https://twitter.com/Bitcoinsensus/status/1945543962602733974
In the 2017 and 2021 cycles, Dogecoin saw gains of 5,800% and 21,000% respectively, following similar setups. The current formation shows strong resemblance to those cycles in terms of structure and timeframes. Historical movement suggests that DOGE may rise as high as $7.21, representing a projected 44,447.76% increase from its recent base trend.
The consistency of this pattern has drawn attention from both retail and institutional traders. Observers suggest that, while no prediction is guaranteed, the recurring geometry offers context for current price behavior.
Volume Growth and Market Activity Support the Current Setup
As of mid-July 2025, Dogecoin's trading activity continues to rise. According to data, DOGE recorded a 6.15% price increase in the past 24 hours, with a market cap of $31.84 billion. Trading volume surged by 81.09%, reaching $3.38 billion, reflecting strong market engagement.
Dogecoin ranks as the 8th largest cryptocurrency by market capitalization. Its circulating and total supply stands at 150.13 billion DOGE. Between 4:00 AM and 8:00 AM UTC, several price surges created intraday highs.
Analysts say this pattern of volume spikes is often seen before trend continuations. According to Bitcoinsensus, the repeating historical structure remains intact. Traders are closely monitoring for confirmation of a breakout phase.
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