Dogecoin price has pulled back from the $0.19 resistance level, but the meme coin is still showing some strength compared to the crash to $0.14 in early April. This is despite the fact that the tone of the crypto market has soured in recent days, with Bitcoin price struggling to stay above the $40,000 mark.
However, the meme coin is building a structure that could be foundational for a larger move ahead. As shared by crypto analyst MasterAnanda, the ongoing consolidation may actually be a prelude to a significant breakout, similar to Dogecoin's explosive rallies in prior cycles.
The core of MasterAnanda's analysis lies in a repeating structure of three labeled lows on the Dogecoin daily candlestick timeframe chart. These lows are labelled (1), (2), and (3) and appear on both the left and right sides of the chart.
On the left side, these three lows developed between July and October 2024, each representing a stage of price corrections. The current pattern on the right side follows a strikingly similar trajectory, with the same labels denoting recent market lows in the ongoing 2025 price structure.
The formation of a higher low at point (3) in September 2024 led to a major bullish impulse that took Dogecoin towards the $0.50 level. According to the analyst, Dogecoin is now mirroring that same setup, where the current (3) low is also forming a higher low relative to (2).
Moreover, a descending wedge pattern that spanned the February to April period has already been broken. However, although the $0.145 support zone has held firmly three times over the last two months, there’s a possibility it could be retested again around the third low.
Based on this analysis, it is possible that Dogecoin retests the zone at $0.145 again to complete the formation of the third low before rebounding upwards. However, MasterAnanda’s advice is anything but conservative. In his TradingView post, he noted that this is not a time to sell Dogecoin. Instead, he called for a panic buy, insisting that Dogecoin is entering the strongest growth phase since the 2021 bull market.
He urged readers to remove stop-loss orders and treat any short-term dip as a rare buying opportunity. If you can’t buy more, just hold.
The last of such formation in 2024 led to a 380% break to a multi-year high of $0.48. Should the same pattern play out again, a similar rally from $0.145 would project a price near $0.70, effectively bringing Dogecoin back to its all-time high range.
While MasterAnanda did not explicitly call for such an extreme target, he did identify a move above $0.40 as the minimum expectation based on the current setup.
