Crypto analyst Bitguru has identified a pattern that may signal another significant recovery for Dogecoin’s price. This setup has previously triggered major rallies on two separate occasions, making it plausible that Dogecoin could repeat the pattern once it fully forms again.
The analyst points to a recurring trend in Dogecoin’s price movements during each rally. So far, these rallies have closely mirrored one another, following the same sequence of events and leading to similar outcomes.
Three key stages define each rally: first, Dogecoin’s price drops sharply into demand; second, it enters a period of consolidation; and third, after finding support, it launches into a rally.
This pattern first emerged in the second quarter of the year when Dogecoin surged toward its initial 2025 peak. The meme coin’s price initially plummeted, then moved into demand, followed by rapid consolidation. Once support was established below $0.15, the price rallied nearly 100%, reaching over $0.28 before declining again.
A similar trend occurred in the third quarter, as highlighted in the analyst’s chart. The same three stages unfolded—a crash into demand, consolidation, and a support-driven rally—resulting in the price nearly doubling once more.
Currently, the analyst notes that Dogecoin’s price has returned to the $0.15 support level after consolidation, suggesting it may be poised for another rally.
While history doesn’t always repeat, it often rhymes, and the analyst’s chart indicates this has been the case for Dogecoin this year. If the pattern holds, Dogecoin could experience a quick rebound after support is confirmed. A similar outcome could see the price double from its current level around $0.15, potentially reaching as high as $0.30 by the time the trend completes.
Frequently Asked Questions
Of course Here is a list of helpful FAQs about Dogecoins repeated bullish pattern and its potential to reach 1
BeginnerLevel Questions
1 What is the bullish pattern that Dogecoin has repeated
Its a specific formation on a price chart often called a cup and handle where the price dips and then rises in a shape like a tea cup This pattern suggests that after a period of consolidation the price might be getting ready to rise again
2 What exactly is Dogecoin
Dogecoin is a cryptocurrency that started as a joke based on the popular Doge meme Despite its origins it has evolved into a legitimate digital currency used for online tipping and payments known for its strong and active community
3 What does a bullish pattern mean for its price
A bullish pattern is a signal that traders and investors look for which indicates they believe the price is more likely to go up than down in the near future
4 Could Dogecoins price really hit 1
Yes its mathematically possible but it is highly speculative For Dogecoin to reach 1 it would require a massive increase in buying pressure positive market sentiment and likely a new wave of mainstream adoption
5 Is now a good time to buy Dogecoin
That depends entirely on your personal financial goals and risk tolerance Cryptocurrency is extremely volatile Never invest more than you are willing to lose and its always wise to do your own research first
Advanced Practical Questions
6 What are the main factors that could actually push Dogecoin to 1
Key drivers could include continued endorsements from highprofile figures like Elon Musk new major partnerships or retailers accepting DOGE as payment a massive overall bull run in the entire crypto market and a sustained surge in demand that outpaces its inflation rate
7 What are the biggest risks or challenges preventing it from reaching 1
The main challenges are its high inflation rate intense competition from thousands of other cryptocurrencies potential regulatory crackdowns and its reliance on social media hype rather than fundamental technological utility
8 How does Dogecoins infinite supply affect its price potential
Unlike Bitcoin which has a fixed supply