Dogecoin’s chart shows a repeating macro-pattern with descending triangles ahead of past major price surges and long-term ascending support.
After touching the channel's lower boundary near $0.07, Dogecoin bounced and is now consolidating in a $0.13–$0.17 accumulation range.
Historical cycles suggest a strong possibility of another breakout, with analysts eyeing a potential rally pushing Dogecoin price far beyond $1.
Dogecoin appears to be repeating a familiar price pattern that previously preceded two major parabolic rallies in its history.
Recurring Macro Pattern Points Toward Upward Breakout
A chart shared by Investments_CEO outlines Dogecoin’s historical pattern of long consolidations followed by sudden price surges. The chart identifies two previous bullish cycles—2017 to 2018 and 2020 to 2021—where Dogecoin surged by nearly 9,000% and over 30,000% respectively.
https://twitter.com/Investments_CEO/status/1934712446641688938
In both cycles, a descending triangle pattern developed during consolidation. These formations occurred just before the price bounced off the lower boundary of a long-term ascending channel. Breakouts followed shortly afterward. Each rally concluded with a peak marked by a red arrow, followed by a correction phase forming a similar triangle.
Structure Mirrors Past Rallies
Dogecoin’s current structure closely resembles its past cycles. The asset corrected from its 2021 highs and formed a descending triangle. It recently touched the lower support of its macro ascending channel around the $0.07 level, which historically preceded large rallies.
The price is now trading between $0.13 and $0.17. This range reflects a consolidation phase that has occurred in previous cycles before a sharp move to the upside. This technical setup indicates that DOGE is once again aligning with its historical chart behavior.
According to Investments_CEO, the pattern “looks insane” and points to an imminent breakout. The green arrows on the chart denote support levels that historically triggered strong upward moves, while the yellow triangle formations act as visual markers for the consolidation stages.
Analysts Eye Price Above $1 if Pattern Holds
If Dogecoin follows its historical path, analysts suggest a breakout could propel the asset above the $1 mark. The combination of a descending triangle and a bounce from long-term channel support has aligned with prior rally initiations.
Technical observers interpret the current formation as a setup for accumulation. While future price action remains uncertain, the pattern’s consistency over multiple years has captured attention from market participants awaiting confirmation.
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