Currently, the price of Dogecoin (DOGE) is more than 70% lower than its historical high of $0.739, and it seems like there is still a lot of room for growth! In fact, this 'classic meme coin' is standing at a starting point that could potentially explode, ready to sprint into the next wave of market trends.

Looking back at the past several bull market cycles, Dogecoin's price surge has a pattern: first, a long period of price consolidation, followed by a sudden breakout and a rapid rise. During the 2017 bull market, DOGE rose from $0.0001 to $0.01877; by 2021, with the help of 'Elon Musk's support,' it soared all the way to $0.739. The price movements at that time were typical wedge patterns—first compressing, then exploding.

The current candlestick pattern is strikingly similar to the patterns before these two crucial bull markets. The price is currently operating within a key technical range, and if it can trigger a large trading volume breakout, it could very likely replicate the previous rapid gains.

Based on historical data estimates, if this wave of market activity successfully starts, it is expected to rise over 226% in the short term, challenging the historical high of $0.739. Even crazier, if market sentiment and funding power align well, DOGE could even challenge $1, $1.42, or even $2.11! In other words, the potential increase could reach 545% to 830%, which is simply mind-blowing.