Dogecoin is currently trading at $0.169 Continue that pullback After reaching $0.19 in late April. However, price action over the last few days It still shows some strength Comparing it to the crash to $0.14 in early April. Despite this slight hesitation in the rally, Memecoin is building a structure that could be the basis for a bigger move. According to a chart shared by Crypto Analyst MasterAnanda, continuous integration is actually Important Breakout Prelude It reminds me of Dogecoin’s explosive gatherings in previous cycles.
Dogecoin chart patterns provide hints for previous bull phase repetition
The core MasterAnanda analysis Dogecoin Daily Candlestick Timeframe chart has a repeating structure with three labels and low values. These basses are labeled (1), (2), and (3) and appear on both the left and right sides of the chart, as shown in the chart below. On the left, these three lows developed between July and October 2024, each representing the stage of price adjustment. The current pattern on the right follows a surprisingly similar trajectory, with the same label showing recent market lows Ongoing 2025 price structure.
The formation of a higher, lower point (3) in September 2024 resulted in a huge bullish impulse that raised Dogecoin to a level of $0.50. According to analysts, Dogecoin now reflects the same setup, with (3) Low now also forming a higher lower than (2).
Additionally, the descending wedge pattern ranging from February to April is already broken. However, the $0.145 support zone has been held firmly three times in the last two months, but it is possible You can retest again Approximately the third lowest.
Analysts say they will actively buy and keep retraces
Based on this analysis, Dogecoin could again retest the zone for $0.145 and complete Formation of the third low value Before you rebound. However, Masterananda’s advice is not conservative. In his TradingView post, he pointed out that this is not the time to sell Dogecoin. Instead, he called for panic purchases, claiming Dogecoin has entered its strongest growth phase since the bull market in 2021. He urged readers to remove stop loss orders and treat short-term dips as a rare purchase opportunity. If you can’t buy any more, just put it on hold.
The end of such formation in 2024 led to a 380% destruction at a multi-year high of $0.48. If the same pattern occurs again, similar gatherings starting at $0.145 will predict prices near $0.70 and effectively bring DogeCoin Returning to the highest range ever. Masterananda did not explicitly call such an extreme target, but has identified moves above $0.40 as a minimum expectation based on the current setup.
At the time of writing, Dogecoin is trading at $0.1695.
Getty Images Featured Images, Charts on tradingView.com
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