Dogecoin Replicates Historic Rally Setup, Holds Support at $0.17

Dogecoin has been maintaining a steady support base while replicating a familiar monthly structure observed in previous rallies. This pattern mirrors the setups that preceded significant breakout phases in both the 2017 and 2021 cycles. The monthly chart displays a recurring three-phase sequence across major cycles since 2015, characterized by a deep pullback, steady consolidation, and a sharp upward move from a rising monthly base. This sequence is evident in the 2015–2017, 2018–2021, and the ongoing 2023–2025 cycles.

Dogecoin continues to form higher lows, respecting the long-standing monthly trendline dating back to 2022. The price remains within a rising channel, bounded between $0.07 and $0.30, with consistent accumulation pressure. This price compression within the channel reinforces the broader technical support holding each phase. Red arrows on the chart highlight three distinct pullbacks that led to structure rebuilding on the orange accumulation zones, marking areas where Dogecoin bounced in previous expansion moves. Currently, Dogecoin trades at $0.16821, pressing against the same ascending base.

CryptosBatman notes that Dogecoin is replicating its earlier cyclical structure. The 2015–2017 move began under $0.0001 and climbed above $0.0020 after holding the same support formation. From 2018 through 2021, Dogecoin built a base near $0.002 before rallying toward $0.70. This structure now repeats within the 2023–2025 range, where candles compress below $0.30, forming a steady rising base. Sellers have not pushed prices below the orange zones, confirming buyers remain active near support. These zones have defined all prior breakout stages in Dogecoin’s historical runs.

The continued defense of the blue support trendline, which remains untouched since 2015, is noteworthy. Each rally has started with a monthly structure holding firm at this base, including the present formation. This rising compression may precede Dogecoin’s next breakout phase. Although the current price range has widened, the broader structure mimics the same setup from earlier cycles. Price continues holding above structural support with consistent reaction at the trendline near $0.17. Upward arrows on the chart indicate potential breakout scenarios if Dogecoin reclaims the resistance band around $0.30. This zone capped the last expansions and remains a key target for confirmation in the ongoing bullish structure.

Analysts have identified several key indicators that support this bullish outlook. The formation of a Golden Cross on the weekly chart, a pattern that has preceded major rallies in previous cycles, is one such indicator. Additionally, the price has shown signs of a potential bullish reversal, with on-chain and derivatives data hinting at a move towards $0.20. The accumulation base that Dogecoin has formed, along with the alignment of historical chart patterns, further supports the idea that the cryptocurrency is poised for a significant upward move.

The $0.17 support level has proven to be a critical juncture for Dogecoin. If the price holds above this level, analysts predict that the path to higher resistance levels, such as $0.2596, could be open. This support level has been tested in recent weeks, but the price has shown resilience, indicating that bullish momentum may be building. The potential for a 200% rally has been highlighted by analysts, who see a clear pattern of price uptrend in the Dogecoin chart.

The bullish sentiment is further bolstered by the fact that Dogecoin has experienced a consistent decline in bearish momentum. This fading bearish pressure, combined with the formation of a falling wedge pattern, suggests that the price could be tightening towards a breakout. The key resistance level at $0.20 remains a significant target, and if Dogecoin can reclaim this level, it could pave the way for further gains.

Analysts have also pointed out that the current price structure resembles the setup seen in 2020, which preceded a major rally. The weekly ADX pattern, in particular, mirrors the conditions that led to Dogecoin's last significant price increase. This historical precedent adds weight to the bullish case, as it suggests that the current price action could be setting the stage for a similar upward move.

In summary, Dogecoin's price structure currently repeats a historic rally setup, with the cryptocurrency holding support at $0.17. Analysts are optimistic about the potential for a significant rally, citing key technical indicators and historical price patterns. If the price can maintain its support level and break through key resistance points, Dogecoin could be poised for substantial gains in the coming months.