Dogecoin may have taken a bit of a breather in the last 24 hours, slipping nearly 7%, but don’t count this meme coin out just yet.

If we zoom out and look at the bigger picture, the last week has actually been impressive.

DOGE bounced back from a May low of around $0.16 and managed to punch through a resistance wall that had kept it down for weeks—hitting a high of $0.259 by May 23.

That move past the stubborn $0.22 barrier is catching the attention of traders and analysts alike, especially with the wider crypto market starting to look more bullish.

And here’s the kicker—technical patterns suggest Dogecoin could still be gearing up for something major.

Dogecoin’s Price Patterns Look a Lot Like Past Explosive Cycles

One of the more interesting findings comes from a technical analysis on TradingView by InvestingScope.

The analysis points to a familiar pattern in Dogecoin’s long-term chart, and if history really does repeat itself, DOGE may be on track for a huge rally.

The chart focuses on Dogecoin’s behavior around the Monthly Moving Average 50 (1M MA50).

Back in September 2017 and again in February 2021, DOGE bounced right off this key level—and in both cases, that bounce marked the beginning of a massive price surge.

Fast forward to now, and guess what? DOGE has just bounced off that same 1M MA50 line again—this time around $0.13.

If this pattern plays out like the last two times, the meme coin might just be winding up for another explosive run.

If History Repeats, DOGE Could Hit $3 in This Cycle

The technical story gets even more compelling when you consider the size of those past rallies.

In 2017, Dogecoin rocketed more than 2,800% from $0.0007 to over $0.018 in just two months.

Then in 2021, another bounce off the 1M MA50 fueled a 2,403% surge, peaking at $0.73.

Using similar math, a 2,600% gain from this cycle’s recent low of around $0.13 could catapult Dogecoin to roughly $3.00 before the end of 2025.

It’s not guaranteed, of course, but the historical patterns are tough to ignore—especially for long-term believers in DOGE.

Technical Indicators Support a Bullish Outlook

Beyond the big-picture cycle analysis, shorter-term technical indicators are also flashing bullish signals.

The Relative Strength Index (RSI) is sitting at 64.26, which shows momentum is picking up, but there’s still room to climb before hitting overbought levels.

Meanwhile, the MACD is in positive territory at 0.014, and the Average Directional Index (ADX)—a tool that measures trend strength—is above 32, indicating that the current trend has solid footing.

While DOGE is currently trading around $0.2279, and saw a recent dip, it’s hovering near a potential retest zone at the previous resistance of $0.22. That could serve as a new support level if momentum continues building.

The Bottom Line for Dogecoin Fans and Traders

It’s easy to panic when your favorite coin drops nearly 7% in a day.

But in the world of crypto, that kind of volatility often comes with the territory.

When you zoom out, Dogecoin’s structure is looking eerily similar to the explosive cycles of 2017 and 2021.

If that fractal plays out again—and that’s a big if—we could be staring at a multi-dollar Dogecoin before 2025 wraps up.

For now, it’s all eyes on whether DOGE can hold support at $0.22 and gear up for another leg higher.