Do you remember the madness when Dogecoin first surged from $0.002 to $0.73? Now, a familiar pattern is appearing again on its chart. The difference is that this time, the target may be $5.
As market volatility intensifies, some keen analysts have noticed that Dogecoin is quietly brewing a major change. Behind this lies a perfect overlap of three historical signals.
Three symmetric triangles, three major explosions
In the past 24 hours, Dogecoin's price has risen slightly by 0.68%, currently at $0.1957, and behind the surface calm, there are turbulent undercurrents.
In the view of crypto analyst CryptoElite, Dogecoin is replaying its classic script. He pointed out that Dogecoin has formed symmetric triangle patterns three times since its inception, each accompanied by astonishing breakouts and significant surges.
The first time, in 2016, Dogecoin bottomed around $0.0001, built a triangle pattern during consolidation, and broke through at the end of 2017, rapidly rising to $0.017, with an increase of over a hundred times.
The second time, at the end of 2020, the price fell back to the $0.002 area, building a triangle pattern again. In April 2021, Dogecoin broke through the horizontal range, skyrocketing to $0.40, and although there was a pullback, it quickly rebounded to a historical high of $0.73, becoming a phenomenon asset.
The third and ongoing pattern began in 2022, with Dogecoin slowly accumulating from $0.05, breaking through to $0.22 in early 2024. After a brief pullback, it broke through again in December 2024, briefly reaching $0.48. Now, a larger consolidation is nearing its end.
Based on historical patterns, CryptoElite boldly predicts that if this breakout replicates the increases of the previous two times, Dogecoin's target will be aimed directly at $5, with a potential increase of up to 2,450%.
User activity surges, enhancing bull market signals
More importantly, on-chain data is synchronously sending out strong bullish signals.
New address growth of 102.40%
Active address growth of 111.32%
Zero balance address growth of 155.44%
The increase in active addresses and new users is often a leading indicator before price launches. In other words, more and more people are starting to pay attention to and use Dogecoin, with capital and interest continuously pouring into this long-established asset.
According to Mlion.ai's on-chain monitoring data, the social sentiment index for Dogecoin has also shown significant improvement over the past seven days, with on-chain transaction frequency and large transfers both rising simultaneously, which historically indicates that a market sentiment reversal window is opening.
Other analysts are also increasing their bullish outlook.
Not only CryptoElite, but another well-known analyst, Tardigrade, has also expressed an optimistic attitude towards Dogecoin's trend. He pointed out that Dogecoin is currently in a 'stair-step parabolic + triple bottom' structure, which fits the typical shape of a bull market initiation. Tardigrade predicts that Dogecoin will be the first to break through the $0.50 mark, with the potential for more than double increases in subsequent market movements.
During bull market cycles, capital usually flows first to mainstream coins like Bitcoin and Ethereum, but when these assets slow down, altcoins begin to take over the celebration. Dogecoin, as one of the oldest and most community-favored altcoins, clearly has a natural advantage in igniting sentiment.
Investment opportunity or trap?
Although technical patterns and on-chain data provide positive signals, the crypto market has never been a linear development game; risk always coexists with opportunity. For investors looking to position themselves early in potential assets, relying solely on emotions and intuition is clearly insufficient. Real-time insights from data, sentiment analysis, and on-chain capital flow are the guarantees of success.
In this market environment full of variables, AI research assistants like Mlion.ai become particularly important. Mlion.ai can provide real-time insights into market trend changes by intelligently analyzing on-chain capital flows, position changes, and social sentiment fluctuations, offering precise and in-depth intelligence support for investors before making decisions.
After all, real opportunities are often hidden in details that others have not yet noticed.
Disclaimer: The above content is for information sharing only and does not constitute any investment advice!
