Starting this year with significant price drops, Dogecoin has deviated from the accepted bullish patterns in the previous bullish cycle. With this negative trend, the most popular meme coin seems to be heading towards another month in the red, raising more questions about DOGE's bullish run this year.
Dogecoin is deviating from the historical optimistic trend in the bullish run of 2021 according to CryptoRank statistics. Having endured significant declines since January, the leading meme coin has started the year with a gloomy trend. With a modest 4% increase, the meme coin concluded January.
This is nothing compared to the optimistic rise that Dogecoin experienced earlier in the year during the bullish run of 2021. DOGE saw a 711% increase in January of that year and subsequently followed with a 26% increase in February. In fact, the leading meme coin completed the first four months of 2021 in green with gains of 11% and 546% in March and April respectively.
But this bullish run of 2025 is developing differently, particularly with Dogecoin experiencing a 20% drop this month and certainly ending in the red. A monthly close in the red could discredit the parallels between the bullish run of 2021 and 2025 and raise questions about the possible behavior of this market cycle.
With a monthly loss of 7% in January and 2% in February respectively, the top started 2017 in the red. DOGE then entered a bullish run for the next three months, with gains of 59%, 124%, and 256% in March, April, and May, respectively.
In the short term, Dogecoin still runs the risk of greater price collapses. The analyst revealed in a post on X that DOGE recently saw a death cross between its 200-day moving average (MA) and the market value relative to the realized value (MVRV). The last two times this happened, he said, prices fell by 26% and 44%.
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