Dogecoin (DOGE) has caught the attention of traders as its latest chart patterns suggest another explosive rally is on the way.
Dogecoin is struggling to maintain its dominance above the $0.30 price level after plunging 7.5% over the past week. However, analysts believe that a trend reversal is imminent.
In a post on X, trader Tardigrade shared insights into Dogecoin’s annual and weekly price movements. He pointed to historical cycles and technical signals that point to a clear uptrend on the horizon.
The annual harmonious pattern
The annual chart shows a striking harmonic pattern that divides Dogecoin’s market history into three distinct phases: bottom years, pre-pump years, and pump years.
According to the analysis, Dogecoin’s bottom years were 2015, 2019, and 2023. These years mark the bottoms of the Dogecoin market, where prices reach the lowest point of the cycle before an uptrend begins.
The pre-pumping years are now 2016, 2020 and 2024. These were often characterized by early signs of recovery and accumulation. These years set the stage for extensive rallies. For example, Dogecoin saw a fivefold increase between September and December.
Notably, the pump years, including 2017, 2021, and the upcoming 2025, have historically seen massive bullish candles that pushed DOGE to new highs.
Based on this recurring pattern, Tardigrade assumes that 2024 served as a preparation year. In his opinion, it paves the way for a possible major breakthrough in 2025, which could mirror the explosive gains of 2017 and 2021.
Weekly chart signals bottom zone
In addition to the…
