"30,000% Surge Pattern Returns"...Dogecoin Awaits Explosion Above $0.1

▲ Dogecoin (DOGE)/AI generated image

Dogecoin (DOGE) has been quietly suppressed around $0.10 for several months, but an analysis suggests that the monthly triangular pattern that appeared just before its 30,000% surge in 2021 has re-emerged.

According to NewsBTC on May 27 (local time), market analyst TATrader_Alan diagnosed that the triangular structure, which recurred just before major bull runs in the past, has formed again on Dogecoin's monthly chart. He analyzed that Dogecoin showed a strong upward breakout after moving for a long period within a narrowing triangle during each major expansion cycle.

The first similar structure appeared before the 2017 bull market, and the second structure formed before the massive breakout in 2021. NewsBTC reported that Dogecoin surged over 30,000% from its cycle low in 2021. In both instances, the price gradually compressed between a descending resistance line and an ascending support line, followed by an upward breakout, large monthly bullish candles, and strong momentum.

The current structure also shows a similar trend to previous cases. Dogecoin has again been compressed within converging trendlines for several years, and the price is located near the apex of the pattern. According to TATrader_Alan's chart projection, this area historically aligns with the point where Dogecoin's strongest surges began.

The reason this pattern is drawing attention is its long-term timeframe, the monthly chart. Monthly structures reflect investor positioning and multi-year market trends rather than short-term volatility. Analysis suggests that a prolonged compression period can amplify the strength of a future breakout. Dogecoin continues to hold near the psychological support level of $0.10, approaching the descending resistance line that has suppressed its price since the last cycle's high.

However, NewsBTC drew the line, stating that chart similarities do not guarantee another parabolic rally. While expectations for crypto-based exchange-traded products, renewed meme coin activity, and increased retail investor participation are contributing to improved Dogecoin sentiment recently, the actual direction is likely to be determined at the monthly inflection point over the next few months. Dogecoin is again in a position similar to past surge structures, but whether a historical rally will be replicated depends on confirmation of an upward breakout.

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