Blockchain

Dogecoin Repeating History? This Setup Led To 150% Gains – Crypto News

Published

5 days ago

February 19, 2025

Dripp

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A new technical chart shared by crypto analyst Cas Abbé (@cas_abbe) on X is showing a recurring bullish pattern in Dogecoin’s price action. The 3-day chart highlights three distinct descending channels in Dogecoin’s history—one during Q4 2023, another in Q3 2024, and the current one in early 2025—that each preceded major price surges of over 150%.

Dogecoin’s 150% Breakout Pattern Is Back

Abbé writes via X: “DOGE is currently in a bullish descending channel, similar to Q4 2023 and Q3 2024. In both cases, the breakout resulted in a 150%+ pump.” The chart illustrates how Dogecoin formed a downward-sloping channel in Q4 2023 before breaking out around late December of that year and rallying by more than 150% in subsequent weeks.

A similar formation emerged in Q3 2024, with Dogecoin again trading within tight descending trendlines before pushing through the channel’s upper boundary. That breakout yielded another sizeable price move, once again exceeding 150%.

Dogecoin price analysis | Source: X @cas_abbe

Now, Abbé points out that Dogecoin appears to be mirroring those past setups, trading within what he identifies as a “bullish descending channel.” Price action on the 3-day timeframe shows Dogecoin bouncing between parallel trendlines that slope downward from roughly $0.36 at their highest to around $0.24 at their lowest.

If this pattern follows the same trajectory as in 2023 and 2024, Abbé suggests a significant upside could be in store once the token decisively breaks the channel’s resistance. The DOGE price is currently at the lower end of the channel, which could signal a buying opportunity. However, a break to the downside could invalidate the bullish setup from the past.

Beyond short-term market sentiment—still subdued for meme-based cryptocurrencies—Abbé points to Dogecoin’s decade-long presence in the crypto landscape as evidence of the coin’s staying power. He noted: “I know sentiment for memes is down a lot, but $DOGE has been in this space for a decade and will continue to be here. A $1 DOGE is a realistic price target for this cycle.”

Although no guarantee exists that history will replicate itself precisely, Abbé’s chart underlines a consistent technical structure that has preceded Dogecoin’s sharp moves in the past.

Buy Signal Confirmed?

Meanwhile, another analyst, Ali Martinez (@ali_charts), offered a shorter-term view. Sharing his thoughts via X, Martinez said the TD Sequential indicator on the 4-hour chart is showing a buy signal, which often hints at an impending shift in momentum.

“Dogecoin could be gearing up for a rebound, as the TD Sequential indicator flashes a buy signal on the 4-hour chart!” Martinez writes via X. The TD Sequential is widely followed by technical traders for its ability to time local price tops and bottoms.

Dogecoin price, 4-hour chart | Source: X @ali_charts

However, one user questioned Martinez’s commentary, pointing out that the analyst had mentioned a “death cross” between the MVRV Ratio and its 200-day moving average just yesterday. Martinez countered by emphasizing the natural ebb and flow of all markets: “Tell me an asset that goes in one direction in a straight line.”

At press time, DOGE traded at $0.25456.