Dogecoin back in the ‘launching point’ that made the first investors rich, could it happen again?

Dogecoin (Doge) is back in a price zone that has marked twice the beginning of some of the greatest manifestations in its history, and one saw closely the cryptographic analyst believes that the configuration could be significant.

Cryptocurrency inspired by the meme increased sharply 3.5% in the last 24 hours Change to $ 0.2263 On Sunday, recovering along with a wider bounce in the market. Its market capitalization is now around $ 34 billionkeeping it among the ten main cryptocurrencies by value and far ahead of the currencies of rival memes such as Shiba Inu (Shib) and Pepe (Pepe).

A price pattern with history

According to the market analyst Ali MartínezDogecoin is testing once again the lower limit of a Ascending channel of several years -A pattern in the price table defined by two parallel lines and with ascending slope. The lower trend line acts as a support, while the upper line serves as resistance. Over the years, Doge’s price has moved between these lines, forming a higher and highest high and minimum staircase.

Martínez points out that this exact positioning has preceded explosive executions twice:

• End of 2017 to January 2018: Dege entered this area in the fourth quarter of 2017, just before an increase in 9,000%recharging close $ 0.01857 In January 2018, as a retail interest in cryptocurrencies, he shot worldwide.

• 2020 to May 2021: The employer reappeared at the end of 2020. In a matter of months, Dogecoin had risen 13,000%reaching a historical maximum of $ 0.7376 In May 2021, during a frenzy fed by the hype of social networks and the high profile mentions of Elon Musk.

Now, Dege passes the same lower support line again. In Martínez’s opinion, this area has historically been an “high probability” accumulation area for long -term holders.

Dogecoin $ Dux It is operating within a historically strong purchase zone, which has repeatedly activated the main Toro races in past cycles! pic.twitter.com/oyzf8bvkme– Ali (@ali_charts) August 7, 2025

Market context: why this cycle is different

The current configuration is developing in a different environment compared to the previous manifestations. In 2017, Dege was a low -lid Altcoin that mounted the first conventional cryptographic wave. In 2021, he benefited from the risk appetite fed by stimuli and a booming retail commercial culture.

In 2024, the backdrop includes:

• Macroeconomic uncertainty as US tariff ads. and the volatility of the impulse of US Federal Reserve Policies. In all assets of assets.

• Improvement of Altcoins Liquiditywith Doge daily negotiation volumes that remain exceeding $ 1 billion for multiple sessions.

• Whale activity in chain Increase, with large wallet transfers that suggest strategic accumulation.

• A more mature market structurewhere meme coins have their own derivative markets and significant institutional interest.

Feeling and catalysts to see

The Dogecoin community is still one of Crypto’s most active. Mentions on social networks of $ Dege have been carried out during the past week, and the scores of the feelings of the analysis platforms show an inclination towards optimism.

Potential catalysts in the coming months include:

• Confirmation of rupture above resistance to the average channelthat could attract technical merchants.

• Increased retail entry If Bitcoin approaches a new high, often causing speculative races in Altcoins.

• Ads or endorsements of figures or influential companies that integrate Doge as a payment option.

However, the risks remain. A failure to maintain the current support could see Dege again testing the deepest levels in the range of $ 0.18– $ 0.20, and the broader weakness of the market could stop any rupture attempt.

However, the risks remain. A sustained movement below this support range could change the impulse in favor of sellers, and analysts point out the $ 0.18– $ 0.20 area as the following potential test. On the contrary, a decisive rest above $ 0.25, backed by the upward volume, would strengthen the case for a new test of the $ 0.30– $ 0.35 area in the short term.

At present, Dogecoin is quoted within a narrow band, and market participants are monitoring whether the next macroeconomic data and Bitcoin’s price trend will provide the necessary trigger to get it out of this consolidation phase.

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