Dogecoin Price To Rally Again? Analysts Note Repeat Of 2018 Breakout

Dogecoin (DOGE) price is once again drawing attention from market analysts. A recurring pattern observed on long-term charts is raising questions about whether the top meme coin is setting up for another upward breakout, similar to its historical rally in 2018.

Technical analysis shows that Dogecoin has twice rebounded from the lower boundary of a rising channel on the monthly logarithmic chart. Each instance has preceded a strong price surge.

The first took place between 2014 and 2018, and a similar formation now appears to be developing between 2021 and 2025. Both periods display nearly identical price waves, suggesting the possibility of a repeat breakout.

Dogecoin Price Recurring Chart Pattern Suggests a Structured Cycle

According to on-chain data, Dogecoin price history follows a distinct cycle. From 2014 to 2018, DOGE kept increasing within a rising channel, and after touching the channel’s lower trendline, it rallied in 2017–2018. The movement suggested that the market gradually built up and then experienced a high-volume surge.

Analysts identified that the price spent several years consolidating before making a decisive move upwards.

When DOGE price reached its peak in 2021, it corrected and returned to the starting point of its rising channel. The current conditions in the market are starting to settle into a pattern that is similar to the market’s previous cycle. This gives the impression that a new significant move is possible for the meme coin.

Key Support and Resistance Levels Align Across Cycles

In addition, Trader Alan presented a trend channel in his analysis, highlighting the same key zones of support and resistance that were shown in the previous trend.

From 2014 to 2018, DOGE spent a long period trading within its lower boundary. This lower boundary provided support again in the 2023–2024 timeframe, according to the analysts.

In both cycles, a rebound from the lower trendline marked the beginning of a strong upward movement. The pattern is further validated by circles that signal key reversal points. These reference points are potential entry signals for traders.

Dogecoin Bullish Flag Breakout Targets $0.29 – 30% Rally Ahead?

Similarly, analyst TheMoonCarl also mentioned that Dogecoin price recently made a bullish flag pattern on its 4-hour chart. When a pattern like this arises, it is a common signal that the previous uptrend will continue. At this stage, DOGE looks set to cross the boundary of the pattern, which may lead to a breakout.

According to the technical setup, the estimated target price of Dogecoin is $0.29, which would provide a 29.95% gain from the current price. This projection is derived by measuring the height of the flagpole and adding it to the breakout point.

If the top meme coin maintains momentum and volume increases on the breakout, this target is the next short-term goal. However, a breakout on low volume might lead to a fakeout, while strong volume would support a sustained rally.

Market Context and Historical Timing

According to traders looking at past data, the intervals of these cycles are quite similar. The cycle that began in 2014 and ended in 2018 took around four years to form a base and break out. Likewise, from 2021, there has been a recurring pattern, and the cycle may come to a close by 2025.

Backing the bullish prediction, Dogecoin price rallied 3% in the last 24 hours and hit $0.22. As daily trading increased by more than 43%, the top meme coin appears to be building for a breakthrough.

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