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Could the Next Big Cycle Be Starting?

5 hours ago
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Dogecoin Price Outlook: Could the Next Big Cycle Be Starting?

Dogecoin is regaining attention across the crypto market as traders and analysts spot familiar price structures that resemble its previous bull cycles.

Key Takeaways

  • Dogecoin shows signs of repeating a familiar long-term pattern.
  • Bitwise’s Dogecoin ETF moves forward under an accelerated process.
  • Whale activity and technical signals hint at rising momentum.
  • Analysts eye key resistance levels for the next market phase. 

The latest enthusiasm comes amid confirmation from Bloomberg Intelligence’s Eric Balchunas that Bitwise’s Dogecoin ETF is advancing under Section 8(a), a lesser-used provision that allows funds to bypass lengthy SEC review delays. The ETF will hold Dogecoin as its primary asset and calculate its net asset value using the CF Dogecoin-Dollar Settlement Price, introducing a potential new gateway for institutional exposure to the meme coin.

Dogecoin’s Historical Pattern Resurfaces

Market analysts argue that Dogecoin’s long-term chart continues to follow a recurring pattern of accumulation, breakout, and parabolic growth. Bitcoinsensus described the token as a “master of geometrical patterns,” noting that each previous cycle started with a prolonged sideways consolidation before a sharp price explosion.

Trader Tardigrade’s latest monthly chart also reinforces this theory, showing that DOGE tends to surge after touching a major trendline support level — an event that has just occurred again.

These analyses suggest that Dogecoin could be on the verge of another major upswing similar to its 2021 run, when prices skyrocketed from fractions of a cent to above $0.70. Traders are watching closely for confirmation signals such as a breakout above the $0.20 psychological barrier.

Whales Exit, Retail Interest Returns

On-chain data adds another layer to the story. Crypto analyst Ali revealed that over 3 billion DOGE were sold by large holders in the past month, a significant amount of supply leaving whale wallets. Historically, such distribution events have coincided with local bottoms, as retail accumulation often follows large-scale profit-taking. While whale selling can weigh on prices in the short term, it can also create an opportunity for new entrants to re-enter the market at lower levels.

Technically, the latest 4-hour chart from Binance shows encouraging signs of recovery. The MACD lines have turned positive, the histogram is rising, and the RSI continues to trend upward toward the overbought zone. Together, these indicators hint at improving momentum and a potential attempt to reclaim higher levels near $0.19–$0.20.

Community Reminder: No ‘Official’ Dogecoin Entity

Amid the renewed hype, Dogecoin developer Mishaboar issued a public reminder that no organization or individual officially represents Dogecoin. He warned the community to remain cautious of products or campaigns claiming “official” status, reinforcing that Dogecoin remains fully decentralized and community-driven — a principle that has defined the project since its creation in 2013.

Institutional Interest Could Spark a New Chapter

The upcoming Bitwise Dogecoin ETF could become a pivotal development for the cryptocurrency, offering traditional investors a regulated way to gain DOGE exposure without directly holding the token. Eric Balchunas explained that Bitwise’s Section 8(a) filing accelerates the approval process compared to standard ETF pathways, allowing it to launch sooner than anticipated. If approved, it would mark the first time a meme-based cryptocurrency achieves ETF status in the U.S. market, potentially validating Dogecoin as more than just a social media phenomenon.

Analysts believe this move could bridge the gap between retail enthusiasm and institutional participation, especially at a time when meme coins are increasingly seen as a unique sector of the crypto economy with cultural and speculative value. The ETF’s launch might also improve liquidity and transparency by anchoring Dogecoin’s valuation to a regulated benchmark price.

What’s Next for Dogecoin

Looking ahead, Dogecoin’s next chapter could be defined by both technical and institutional catalysts. If the ETF advances toward approval, market sentiment may shift decisively bullish, driving new inflows and increased attention from mainstream investors. From a technical standpoint, sustained trading above $0.18 could confirm a bullish reversal pattern, potentially setting up a move toward $0.25 or higher in the coming weeks.

However, traders are also cautious. The recent whale sell-off underscores that volatility remains a constant factor in Dogecoin’s market behavior. If macroeconomic uncertainty or ETF delays resurface, the coin could face renewed pressure before mounting its next rally.

Still, with its historical cycles aligning, bullish momentum building, and institutional doors opening wider than ever, Dogecoin may once again be preparing to surprise the market — not as a joke, but as a serious contender in the next crypto uptrend.

The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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Author

Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.

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Source: https://coindoo.com/market/dogecoin-price-outlook-could-the-next-big-cycle-be-starting/