- Dogecoin completed a corrective cycle, and analysts see signals of a new bullish wave forming.
- The current market flush mirrors 2024, suggesting another long-term growth phase may begin.
Dogecoin (DOGE) once saw a staggering 500% surge after a massive sell-off in August 2024. But wait, is the current situation trending in the same direction? According to popular analyst Master Ananda, the answer could be yes.
Ananda explained that at that time, the market did crash. However, it was from that low point that a major bullish wave began.
A Stronger Market Flush Could Mean an Even Bigger DOGE Rebound
Ananda noted that it took 32 days from the low point for DOGE to begin rising, then 49 days for the bullish wave to develop, and finally, within 125 days of the crash, Dogecoin’s price had already soared exponentially.
Now, the conditions that occurred in October 2025 are said to be far more extreme. This market flush is considered to be many times stronger than last year’s. The logic is simple: the deeper the selling pressure, the greater the potential for a price rebound.
Ananda also believes that Dogecoin is currently in the same phase as before: the market has just completed a severe correction and signs of recovery are starting to emerge from below. One thing he emphasized: “The bottom has been formed. From this point, we go up.”
Ananda also reminded that DOGE is not a small project. Therefore, it’s natural that it will take longer to initiate a major rally.
Dogecoin’s Key Zones Revealed: Where Buyers and Sellers Collide
Meanwhile, on-chain analyst Ali Martinez presented interesting data from the Glassnode platform. He used the UTXO Realized Price Distribution (URPD) chart to map where DOGE holders last moved their coins.
The result? Clearly, $0.0739 was a major accumulation point, with approximately 28.28 billion DOGE, or 18.66% of the total supply, recorded moving at that price. This means that many holders have an average price in that area, and their tendency is to maintain their positions if the price drops back down to this point.
But that’s not all. Martinez also discovered a large cluster around $0.1774, with 5.04 billion DOGE realized there.
Dogecoin $DOGE fate could hinge on $0.18. If it fails, $0.07 might be next. pic.twitter.com/qRl2vjmLgN
— Ali (@ali_charts) November 2, 2025
This level was once a center of buying activity during price increases, and now it could be a point where many investors dump coins to cover losses. In other words, there is the potential for quite strong selling pressure if DOGE rises near that point.
Martinez also concluded that $0.18 is the current key resistance. If this level fails to be broken, Dogecoin could potentially fall back to the accumulation zone at $0.07.
Strikingly, this aligns with Master Ananda’s technical analysis, which states that DOGE has bottomed out, and if the 2024 scenario repeats itself, that’s where a long rally could begin.
Furthermore, a previous report from the CNF also reinforced market expectations. Dogecoin is said to be forming a large Cup and Handle technical pattern on the weekly chart, with a breakout target near $1. While the path to this level will certainly be bumpy, this pattern is usually associated with the potential for a medium- to long-term rally.
Meanwhile, as of the writing time, DOGE is changing hands at about $0.1735, down 7.73% over the last 24 hours, with $432.87 million in daily trading volume.