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Dogecoin’s price has returned to a critical historical accumulation zone that previously signaled major bull runs in 2017, 2021, and 2024, sparking renewed interest among crypto analysts. The meme coin currently trades near $0.236, a level analysts associate with prior buying ranges that preceded significant rallies. This pattern aligns with broader market optimism driven by regulatory clarity under recent U.S. crypto policy developments, which have pushed the total crypto market cap to approximately $4 trillion [1].
Technical indicators suggest a potential breakout. The Relative Strength Index (RSI) for
stands at 60, indicating a balanced momentum level that leaves room for further upward movement. Additionally, the price remains above the 50- and 100-day moving averages, which are currently around $0.19, reinforcing medium-term bullish momentum. Trading volume has averaged $2.3 billion, reflecting sustained investor activity [1].Historical data highlights the significance of this price range. In 2017 and 2021, DOGE experienced surges of 140% to 230% following similar consolidations, with multi-hundred-percent gains noted in previous cycles. Analysts observe that these bull runs often follow descending triangle patterns before transitioning into parabolic moves. If the trend repeats, DOGE could see another substantial price advance before reaching its next cycle peak [1].
The broader market environment includes evolving regulatory frameworks and increasing institutional adoption, which some analysts view as catalysts for crypto asset performance. However, the analysis underscores that past price patterns do not guarantee future results, and investors are advised to conduct independent research before making decisions [1].
Sources:
[1] [title]
Price Prediction: DOGE Back In Historical Buying Range That Led To Major Bull Runs In 2017, 2021 & 2024 [url] https://coinmarketcap.com/community/articles/6885ebb904724b2d1e08a97c/Quickly understand the history and background of various well-known coins

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