Will Dogecoin Rise Again? Analysts Caution on the Repetition of the 2018 Breakthrough

Dogecoin once again draws attention from market analysts. A repeating pattern observed on the long term chart raises the question of whether this top meme coin is preparing for another bullish breakout, similar to its historic surge in 2018. Technical analysis shows that Dogecoin has recovered twice from the lower boundary of the bullish channel on the monthly logarithmic chart. Each time has been preceded by a strong bullish surge. The first occurrence took place from 2014 to 2018, and a similar pattern seems to be developing from 2021 to 2025. Both periods show price waves that are nearly identical, indicating the potential for a repeated breakthrough. The Dogecoin Price Chart Shows A Structured Cycle According to on-chain data, the price history of Dogecoin follows a distinct cycle. From 2014 to 2018, DOGE consistently increased within a bullish channel and after hitting the lower trend line of the channel, it surged back in 2017–2018. This volatility indicates that the market gradually accumulated before experiencing a large volume increase. Analysts suggest that the price took years to stabilize before making a strong bullish move.

When the price of Dogecoin peaked in 2021, it corrected and returned to the starting point of the bullish channel. Current market conditions are beginning to stabilize in a pattern similar to the previous market cycle. This creates the impression that a significant new move could occur for the meme coin. Key Support and Resistance Levels Suitable for Market Cycles Furthermore, trader Alan also presented the trend channel in his analysis, highlighting important support and resistance areas just as shown in the previous trend. From 2014 to 2018, DOGE experienced a long period of trading within its lower boundary. According to analysts, this lower boundary has provided support once again in the 2023–2024 timeframe.

In both cycles, the recovery from the lower trend line marks the beginning of a strong bullish move. The pattern is further confirmed by the circles indicating important reversal points. These reference points are potential entry signals for traders. The Breakthrough Target Price of Dogecoin Is $0.29 – A 30% Increase in the Future? Similarly, analyst TheMoonCarl also mentioned that the price of Dogecoin has recently formed a bullish flag pattern on its 4-hour chart. When such a pattern appears, it is a common signal indicating that the previous bullish trend will continue. At this stage, DOGE seems poised to break through the boundaries of the pattern, which could lead to a breakout.

According to the technical setup, the estimated target price of Dogecoin is $0.29, which will yield a 29.95% increase compared to the current price. This forecast is made by measuring the height of the flagpole and adding it to the breakout point. If the top meme coin maintains its bullish momentum and volume increases upon breaking out, this target is the next short-term target. However, a breakout with low volume may lead to a fakeout, while high volume will support a sustainable bullish rally. Market Context and Historical Timing According to traders analyzing past data, the duration of these cycles is quite similar. The cycle that started in 2014 and ended in 2018 took about four years to form a base and break out. Similarly, starting from 2021, there has been a repeating pattern and this cycle may end in 2025. In support of bullish predictions, the price of Dogecoin has increased by 3% in the past 24 hours, reaching $0.22. As daily trading volume rises by over 43%, this leading meme coin seems to be making a breakthrough.