Technical Analysis of Dogecoin's price action shows that Dogecoin speculators are currently trying to record a breakout above the resistance level of $0.2. However, beyond the immediate battle at the resistance level of $0.20, a broader technical perspective suggests a much more intriguing possibility that Dogecoin will soon reach a new all-time high.
Specifically, the Technical Analysis of the monthly candlestick chart of Dogecoin shows that the price of this coin is currently in the phase of forming a bullish wave from June to July 2025.
The analyst detected a 3-month bullish formation and a 5-month bearish formation.
Technical Analysis of the monthly candlestick chart of Dogecoin, first shared by cryptocurrency analyst Trader Tardigrade on the social media platform X, identifies an intriguing repeating pattern for the price of this meme coin. According to the analyst, Dogecoin has now completed two price cycles since the end of 2023, each cycle consisting of a 3-month rally followed by a 5-month pullback.
This rhythmic pattern first occurred between December 2023 and August 2024. Dogecoin experienced a strong price increase from December to February, followed by a retracement lasting from March to July. It followed a similar trajectory from August 2024 until recently in May 2025, when three months of price increases were followed by five months of price decreases.
The last month's candle has confirmed this setup, especially after May ended with a positive closing of 11.7% compared to the opening price. Therefore, the next outlook is the continuation of this bullish phase into June 2025.
Each price increase in the past 3 months has created significant gains, with the most recent cycle in 2024 pushing the price of Dogecoin from below $0.08 to a multi-year high of about $0.48 in just three months. If this cyclical behavior continues, Dogecoin may be preparing for a similar price surge in June and July, ultimately leading it to reach a new all-time high.
Dogecoin will repeat history with a price increase in June/July.
The notion that history can repeat itself is not new to crypto traders, but in the case of Dogecoin, the visual alignment of price action over time is hard to ignore. Keeping this possibility in mind, a repeat of the previous rally in Q4 2024 will be enough to take the Dogecoin price above the resistance levels of $0.22, $0.3, and finally $0.48.
Notably, cryptocurrency analyst Trader Tardigrade predicts that the price will rise to $0.3 in June. A successful breakout above this level could confirm the start of the next bullish cycle for Dogecoin, and Trader Tardigrade predicts the price will peak above $0.75 in July 2025. At the time of writing, Dogecoin is trading at $0.184, with a price increase of 0.5% over the past 24 hours.
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Zk888
· 06-09 20:58
Hold on tight, we are about to To da moon 🛫
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Zk888
· 06-09 20:58
Sit tight and hold on, we're about to To da moon 🛫
The Growth Model of Dogecoin Suggests a Strong Price Surge in June-July After 5 Months of Retreat
Technical Analysis of Dogecoin's price action shows that Dogecoin speculators are currently trying to record a breakout above the resistance level of $0.2. However, beyond the immediate battle at the resistance level of $0.20, a broader technical perspective suggests a much more intriguing possibility that Dogecoin will soon reach a new all-time high. Specifically, the Technical Analysis of the monthly candlestick chart of Dogecoin shows that the price of this coin is currently in the phase of forming a bullish wave from June to July 2025. The analyst detected a 3-month bullish formation and a 5-month bearish formation. Technical Analysis of the monthly candlestick chart of Dogecoin, first shared by cryptocurrency analyst Trader Tardigrade on the social media platform X, identifies an intriguing repeating pattern for the price of this meme coin. According to the analyst, Dogecoin has now completed two price cycles since the end of 2023, each cycle consisting of a 3-month rally followed by a 5-month pullback. This rhythmic pattern first occurred between December 2023 and August 2024. Dogecoin experienced a strong price increase from December to February, followed by a retracement lasting from March to July. It followed a similar trajectory from August 2024 until recently in May 2025, when three months of price increases were followed by five months of price decreases. The last month's candle has confirmed this setup, especially after May ended with a positive closing of 11.7% compared to the opening price. Therefore, the next outlook is the continuation of this bullish phase into June 2025.
Each price increase in the past 3 months has created significant gains, with the most recent cycle in 2024 pushing the price of Dogecoin from below $0.08 to a multi-year high of about $0.48 in just three months. If this cyclical behavior continues, Dogecoin may be preparing for a similar price surge in June and July, ultimately leading it to reach a new all-time high.
Dogecoin will repeat history with a price increase in June/July. The notion that history can repeat itself is not new to crypto traders, but in the case of Dogecoin, the visual alignment of price action over time is hard to ignore. Keeping this possibility in mind, a repeat of the previous rally in Q4 2024 will be enough to take the Dogecoin price above the resistance levels of $0.22, $0.3, and finally $0.48. Notably, cryptocurrency analyst Trader Tardigrade predicts that the price will rise to $0.3 in June. A successful breakout above this level could confirm the start of the next bullish cycle for Dogecoin, and Trader Tardigrade predicts the price will peak above $0.75 in July 2025. At the time of writing, Dogecoin is trading at $0.184, with a price increase of 0.5% over the past 24 hours.