Dogecoin shows strong recovery signs at $0.23199, supported by a bullish triangle pattern that historically signals massive rallies.
Historical triangle formations in 2014–2017, 2018–2020, and 2020–2023 all led to explosive Dogecoin rallies backed by rising volume.
With higher lows forming and strong market momentum, Dogecoin may be setting up for a parabolic surge toward new all-time highs.
Dogecoin shows signs of recovery, signaling a potential move toward new all-time highs. At $0.23199 as of May 13, 2028, DOGE has regained momentum. The price action follows a familiar technical pattern that has historically triggered major rallies. Analyst Javon Marks believes another breakout could be underway, with a possible +200% move on the horizon. Dogecoin’s long-term analysis paints a bullish picture, suggesting another powerful surge may be in effect.
Triangular Formations Indicate Historic Rallies
Dogecoin’s 14-year chart from 2014 to 2028 reveals a consistent cyclical trend. Each major rally followed a descending triangle formation. These consolidation phases lasted roughly 2 to 3 years before explosive upward moves. The first triangle, forming between 2014 and 2017, preceded the breakout that pushed DOGE to new highs in 2018.
Source: Javon Marks
Besides that, another triangle emerged between 2018 and 2020. It resolved with a steep rally that shattered previous resistance levels. Consequently, this pattern became a reliable indicator for future price action. The third triangle, forming from 2020 to 2023, sparked another rally extending through 2024. Each breakout was marked by higher volume and larger candlesticks, signaling strong buying interest.
Current Momentum Builds Toward Fresh Highs
After a brief pullback from its 2023-2024 highs, Dogecoin is regaining bullish momentum. Moreover, the current trading level remains well above its historical base. The cryptocurrency continues forming higher lows, aligning with its long-term upward trajectory. Significantly, this structure suggests strong underlying demand.
Additionally, historical analysis shows that Dogecoin often moves in parabolic phases. Each time it broke out of a triangle, gains followed swiftly. Hence, the present setup holds the potential for another substantial rally.
Dogecoin’s resilience over the years signals its transformation from a meme token into a serious digital asset. Its multi-cycle growth reflects increasing investor confidence. Besides, the increasing market capitalization underpins DOGE’s evolution within the crypto ecosystem.
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