Dogecoin has returned to a price range that, according to analysts, has historically marked the beginning of massive rallies—and some traders are taking notice.
Popular crypto analyst Ali Martinez pointed out in a recent post that DOGE has re-entered a long-standing accumulation zone that has consistently preceded major bull runs. The chart shared highlights how previous dips into this grey band have triggered explosive upward moves, including the coin’s iconic 2021 surge.
Currently trading at around $0.2370, Dogecoin is hovering just above this zone once again, suggesting that it may be poised for another big breakout—if history repeats. Despite a 3.7% drop over the past week, the coin saw a 3% rebound in the last 24 hours, reinforcing renewed investor optimism.
With a market cap of over $35.6 billion and 24-hour trading volume exceeding $2.27 billion, DOGE remains firmly among the top 10 cryptocurrencies by size, currently ranked 8th. These fundamentals point to strong liquidity and continued interest, even during short-term corrections.
Ali’s chart shows that every time Dogecoin has touched the lower boundary of the ascending channel, it has gone on to post major rallies—some exceeding 12,000% gains. And while past performance doesn’t guarantee future returns, traders often look for patterns that can repeat in a high-volatility market.
Why This Matters
- Dogecoin is trading in a historical “buy zone.”
- Multiple previous bull runs started from this same level.
- Short-term sentiment is recovering after a brief dip.
- It still holds a top 10 position by market cap.
- Trading activity remains high, signaling strong interest.
- Influential analysts are watching closely for a potential breakout.
Final Thoughts
Although Dogecoin’s origins are meme-based, its chart history shows technical signals that serious traders continue to track. With strong community backing and price support at key levels, DOGE may once again be setting the stage for a major move.
Investors are now watching closely—because if history repeats, Dogecoin’s next rally might already be brewing.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/market/heres-why-now-might-be-a-good-time-to-buy-dogecoin/