With the bull market still in play, there is strong optimism that Dogecoin will experience a major upward move in the near term.
Technical analyst and trader DOGECAPITAL is still bullish on Dogecoin in the short term, despite the recent bearish market conditions. He believes that the meme coin is now resuming its bull phase and gearing up for a major rally.
The analyst is drawing comparisons between the recent market structure and trends from the previous bull cycle, suggesting that DOGE may be preparing for a major breakout. According to DOGECAPITAL, Dogecoin has managed to stick to the previous pattern movements with the recent price action.
After adjusting the chart to fit the current price action precisely, DOGECAPITAL anticipates that the meme coin will gradually shift toward the purple line or the $0.28 zone. This performance mirrors the previous cycle, especially during the 2017 bull market.
According to DOGECAPITAL, the purple line on his chart marks the next major milestone for Dogecoin. Moreover, he expects a rise in volatility once the price reaches this level, with consolidation occurring before continuing its rally to new yearly highs and eventually new all-time highs. However, this will depend on the consolidation period, causing the analyst to readjust the red line slightly again.
In the meantime, the red line acts as a short-term support level that DOGE’s price needs to stick to, much like the 2017 cycle when the pattern first appeared. If Dogecoin can maintain the crucial support level, its next move up may extend beyond recent peaks, continuing its bull run.
Given that DOGE is reflecting the 2017 market structure, the analyst is confident that the meme coin will move toward its current all-time high and beyond in the coming weeks. Thus he contends that “2025 is set to be the biggest year for Dogecoin.”
While volatility is possible, he has encouraged investors to remain focused on the bigger picture rather than daily movements that are meant to shake out weak hands. Upcoming developments like the Department of Government Efficiency (D.O.G.E) and a possible Dogecoin Spot ETFs continue to spur optimism about the meme coin’s long-term outlook.
In a related analysis comparing the 2017 and 2025 cycles, veteran crypto pundit Trader Tardigrade observed that DOGE has now entered the “Boring Phase.” In past scenarios, this phase is significant for its next major rally to a new height.
During this period, investors are heavily accumulating DOGE as they await an upsurge once the phase ends. However, prior to the anticipated surge, Trader Tardigrade warns of tight consolidation at current price levels over the next few weeks.
