- Historic Pattern Revisits DOGE is currently in a breakout formation that is similar to the structure that was put on to the previous rally in 2021, a sign of considerably more upside potential.
- At $0.70, long-term bullish. Technical analysis indicates that DOGE may aspire to reach a long-term price of $0.70 as long as the bullish momentum is maintained.
- Short-Term Resistance Critical DOGE will face an uphill battle recuperating its potential to supply upward momentum until reclaiming the $0.205 to $0.21 climbing range.
Dogecoin (DOGE) trades near $0.20 while showing technical patterns similar to its explosive 2021 rally. The current setup mirrors a past breakout from consolidation that preceded a surge to its all-time high. If momentum builds, DOGE could replicate a significant portion of that historic run.
The 2021 chart displayed a clean break above a descending trendline after months of sideways movement. That move triggered a sharp rally toward $0.73 within weeks. The 2025 chart now shows a similar breakout pattern emerging around the $0.13 level.
This repeated structure suggests that DOGE could once again benefit from strong bullish sentiment. Market participants are watching to see if the breakout is sustained. Sustained volume would strengthen the case for a larger upward move.
DOGE Technical Setup Resembles Past Bullish Cycle
DOGE has been trading in a range since breaking its trendline earlier this year. The price is holding key support zones despite volatility. A clean move above short-term resistance could trigger accelerated gains toward higher price targets.
DOGE has managed to overcome a series of descending lines in terms of resistance in a weekly chart, just as it did with the initiation of 2021. This has preconditioned the possible development patterns. The reason is that analysts outline the long-term target at the level of $0.70 in the event that the structure is maintained.
But the market conditions are not the same as they were in 2021, with macroeconomical factors and the overall crypto market mood having a toll on the price. DOGE must navigate these variables while sustaining upward momentum. A breakdown below the breakout zone could weaken this bullish scenario.
Short-Term Trend Shows Near-Term Pressure
The 1-hour Heikin Ashi chart reveals DOGE’s decline from $0.23 on July 26 to $0.1988. Price action has formed lower highs and lower lows. This suggests persistent selling pressure in the short term.
Volume spikes on July 31 and August 1 hint at increased trading activity. These may be linked to liquidations or profit-taking. Short-term resistance remains between $0.205 and $0.21. For DOGE to shift the near-term bias, it must reclaim and hold above these resistance levels. Success could restore momentum too.
Disclaimer: The information in this press release is for informational purposes only and should not be considered financial, investment, or legal advice. Coin Crypto News does not guarantee the accuracy or reliability of the content. Readers should conduct their own research before making any decisions.
