The Dogecoin price has faced turbulence in recent weeks amid broader market pressure. Still, its long-term indicators suggest something bigger could be forming. Despite short-term bearish dominance, the classic memecoin is showing strong chart patterns that have displayed massive rallies in the past. Now DOGE is capturing the attention of traders once again. Will DOGE show a rally soon? Keep reading to know more.
Bears Dominate, But Accumulation is Evident
Following the Trump administration’s 100% tariff declaration on Chinese imports, the crypto market faced widespread liquidations. Even Dogecoin crypto was severely affected by it in the very short term on October 10th.
However, it found stability near $0.18, where whales and market makers absorbed heavy selling pressure. This buying behavior indicates accumulation rather than panic, suggesting that smart money may be quietly positioning ahead of a potential uptrend.
Meanwhile, derivatives funding rates that briefly spiked amid short positioning have since normalized thats a signal that market sentiment is stabilizing. The DOGE price today reflects cautious optimism, with bulls attempting to reclaim control from bears after weeks of volatile swings.
Dogecoin’s Historical Rhythm Aligns Once Again
Historically, the Dogecoin price chart has shown extended consolidation phases followed by explosive upward movements. The current formation closely resembles the pre-rally patterns seen in its past two major bull runs.
Analsyt Trader Tardigrade has highlighted in his shared drawing that in the First Cycle (2015–2017), the DOGE has traded inside an ascending triangle before surging from under $0.001 to over $0.01.
In Second Cycle (2018–2021), a price rise was seen after prolonged sideways trading, as Dogecoin skyrocketed to nearly $0.75, marking its all-time high.
Now coming to the Current Cycle (2022–2025)the charts are witnessing a symmetrical triangle which is tightening near the $0.25 region, and the DOGE price forecast implies the next major expansion could surpass $1.00 if historical momentum repeats on monthly chart.
The absence of upper wicks in recent monthly candles also signals accumulation and low selling pressure which appears like good characteristics seen before Dogecoin’s large-scale expansions.
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