Dogecoin is trading around $0.20 while showing similar technical patterns to the explosive price surge in 2021. The current movement reflects a breakout from the accumulation phase before reaching an all-time high. If the growth momentum is solidified, DOGE could replicate a significant portion of that historical price increase.

The 2021 chart shows a clear breakout on the downtrend after several months of sideways movement. That move triggered a strong price increase to $0.73 within a few weeks. The 2025 chart now shows a similar breakout pattern appearing around the $0.13 level.

This repeating structure suggests that DOGE could once again benefit from strong bullish sentiment. Market participants are watching to see if the breakout can be maintained. Sustained trading volume will reinforce the likelihood that prices will continue to rise strongly.

The technical setup for DOGE resembles previous bullish cycles.

DOGE has traded in a narrow range since breaking the trend line earlier this year. The price is holding key support areas despite volatility. A strong breakout above the short-term resistance could trigger a rapid upward momentum towards higher price targets.

DOGE has broken through a series of descending resistance lines on the weekly chart, similar to what happened in early 2021. This has laid the groundwork for possible developing patterns. The reason is that analysts predict a long-term target of $0.70 if this structure is maintained.

However, the current market conditions are no longer like those in 2021, with macroeconomic factors and the overall sentiment in the cryptocurrency market negatively impacting prices. DOGE must adjust these variables while still maintaining upward momentum. A drop below the breakout region could weaken this bullish scenario.

Short-Term Trend Shows Short-Term Pressure.

The 1-hour Heikin Ashi chart shows that DOGE has declined from $0.23 on July 26 to $0.1988. The price action has formed lower highs and lower lows. This indicates ongoing selling pressure in the short term.

A spike in trading volume on July 31 and August 1 indicates increased trading activity. This may be related to liquidation or profit-taking. The short-term resistance level remains between $0.205 and $0.21. For DOGE to change its short-term trend, it must regain and hold above these resistance levels. Success could also restore momentum.