Is the price of Dogecoin about to enter the third bullish cycle after holding strong support?

The price of Dogecoin remains strong at a key support zone, opening up prospects for a new long term bullish phase.

The current technical signals and market structure reflect a familiar pattern that has appeared in the long-term bullish cycles of Dogecoin in the years 2017 and 2021.

Dogecoin maintains its price structure in the long term growth channel

The DOGE price chart shows the existence of a bullish channel that has been in place since 2015. The 25-month moving average (25MA) serves as a strategic indicator, continuously establishing support for strong growth phases.

Currently, the price of Dogecoin is oscillating around the mid zone of this channel, maintaining higher lows — a key factor shaping the long term bullish trend.

History has shown that each bullish cycle of Dogecoin begins after the price breaks above the 25MA and maintains this position for several consecutive months.

The first breakout phase, from 2015 to 2018, occurred after a long period of quiet accumulation near the lower boundary of the channel. Following that, from 2019 to 2021, the accumulation process continued to give way to a breakthrough growth phase, pushing Dogecoin to a historical peak of nearly $0.70 during the wave of retail investor interest.

The current cycle shows clear similarities with previous patterns. Since mid-2023, Dogecoin has maintained a price structure above the 25MA, while forming a stable base in the range of $0.055 to $0.07.

At the time of writing, DOGE is trading around $0.19 — positioned within the bullish channel, with plenty of room before reaching the upper resistance levels.

The 25MA line is not only a technical support but also a market sentiment indicator. Experts believe that every sustainable bullish move of Dogecoin begins when the price maintains above this average line. The 25MA line continues to rise, reinforcing its role as a dynamic support for the price trend.

Accumulating quietly and fundamental factors strengthening growth prospects

On-chain data along with long-term holding trends indicate a quiet accumulation process in wallets that previously sold near the peak of the last cycle.

Such phases often signal strong growth phases of Dogecoin in the past. The stability and low volatility during the accumulation phase reflect the preparation for liquidity expansion and trading volume when market momentum returns.

On a foundational level, the Dogecoin network has matured significantly compared to previous cycles. Development activity has increased, especially in the areas of payment infrastructure and tip features.

Low transaction fees along with fast processing speed continue to maintain the position of Dogecoin in micro-payment applications.

In addition, the speculation about the possibility of payment integration on platform X, where Dogecoin remains one of the most mentioned tokens, further highlights the interest from the user community and developers.

Although there is no official confirmation yet, these discussions indicate the potential for practical applications, aligning with Dogecoin's original design philosophy of frictionless microtransactions.

The stability of Bitcoin in recent times also opens up the possibility of liquidity rotation into major altcoins. This “rotation” phenomenon often occurs when large investors seek higher profit opportunities after periods of Bitcoin moving sideways, thereby driving strong growth for secondary tokens like Dogecoin.

Price Outlook for Dogecoin in the Near Future

The current technical structure remains consistent with the rhythm of Dogecoin's cycle. The long term growth channel, the upward 25MA line, and the higher lows all confirm that the bullish trend is still intact.

Although short-term fluctuations depend on overall market sentiment, long-term models indicate potential price points ranging from $0.55 to $1.20 if the momentum is reinforced.

Currently, DOGE is still trading steadily on the structural support zone. The accumulation process is underway along with the increasingly active participation of the development team, which has created a solid foundation for bullish prospects.

Experts believe that the absence of strong downturns is a sign of internal resilience rather than stagnation. The upcoming period will be a crucial phase, determining whether Dogecoin will transition from a consolidation phase to a strong bullish growth.

A clear breakout above the upper resistance level of the bullish channel will confirm the historical pattern that has led to previous growth cycles. Conversely, if the price drops sharply below the 25MA line, this pattern will be invalidated and the growth cycle will be delayed.

The broader cryptocurrency market context also plays an important role. If investors' risk appetite remains stable and liquidity in altcoins improves, the technical structure of Dogecoin could very well attract a new wave of speculation.

In previous cycles, the bullish momentum often accumulates slowly before exploding strongly when the price surpasses resistance levels that have lasted for many months. With the similarity of current conditions, traders are still closely monitoring whether Dogecoin will repeat this growth trend by the end of 2025 or not.

The long term chart of Dogecoin shows that it is one of the few large tokens that maintain a consistent multi-cycle pattern.

The consistency near the support zone, combined with the increasingly improving fundamentals and stable on-chain behavior, has positioned Dogecoin for a breakout if market conditions are favorable.

Whether the next bullish wave appears or not, the current pattern shows that the slow and purposeful accumulation process of Dogecoin is certainly not random.

At this time, the technical platform remains solid — a setup that has previously signaled the strongest growth cycles of this asset.

Mr. Teacher

DOGE2.5%
BTC1.78%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)