Dogecoin defends key support as charts show a second parabolic pump forming in 2025.
Analysts see accumulation, rising RSI, and volume signaling momentum toward $0.29 resistance.
On-chain data and $3B futures open interest suggest strong base-building for a breakout.
Dogecoin is showing strong signs that it may be preparing for a second parabolic pump after a long consolidation phase. The token has defended key support levels while forming higher lows, and analysts point to repeating chart structures that suggest a potential expansion cycle. At the time of writing, Dogecoin was trading at $0.2108.
Dogecoin Forms Parabolic Structure
The chart shows two parabolic patterns, with the second now developing in 2025, according to an observation by Trader Tardigrade. The price has curved upward from $0.15, suggesting momentum is building toward higher resistance levels.
https://twitter.com/TATrader_Alan/status/1958491043554558152
This mirrors the mid-2024 move that preceded a steep rally before correction. Analyst Cryptoinsightuk noted that Dogecoin has cleared both recent highs and lows, a move that often signals a possible reversal.
He stated that the risk-to-reward ratio stands at 6.5, adding that rising RSI and steady turnover increase the chance of another test of $0.29. Volume analysis supports this view, as buying strength continues to appear on dips.
Technical Structure and Accumulation
On-chain activity also points to growing accumulation. Data shows a rising hash rate since 2023, signaling stronger network health. The Network Stress Index has remained stable, confirming that Dogecoin can manage higher activity without disruptions. Advanced indicators such as CVDD and the Alpha Price model also suggest that the asset remains in an accumulation phase.
According to Cas Abbe, “Dogecoin looks ready for a breakout,” noting that repeated defense of support and rising trading volumes reflect base-building. Futures open interest has grown to around $3 billion, while reports suggest institutional players are accumulating positions alongside retail investors.
Dogecoin’s market capitalization stands at about $33 billion, with daily trading volume close to $3.4 billion. Analysts point out that similar consolidation periods in past cycles often led to sudden vertical moves. Current conditions suggest that Dogecoin may be preparing for what many are calling Parabolic Pump 2.
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