This Chart Pattern Reveals When Dogecoin (DOGE) Final Bull Run Could Start

Dogecoin's Price Movement Hints at a Potential Breakout

Trader Tardigrade has identified a chart pattern in Dogecoin's price action that suggests a resemblance to its historical 2017 performance, indicating a potential significant breakout.

Similarities to 2017 Cycle

An analysis published on X reveals striking similarities between Dogecoin's current market behavior and its 2017 cycle. During that time, DOGE exhibited a consolidation near its all-time high for several months before a sharp uptrend.

Current Market Conditions

Tardigrade's analysis highlights that Dogecoin is currently in a consolidation phase near its recent all-time high, mirroring the 2017 pattern. This consolidation occurs below a crucial resistance trendline, creating a similar setup to the previous cycle.

Implications for Investors

Tardigrade suggests that if history repeats itself, this consolidation may continue for a few more months until "the final Bull Run." He outlines specific chart formations in blue boxes that depict the consolidation zones connected by a trendline from the all-time high to the current consolidation phase.

Caution and Market Evolution

While Tardigrade's analysis provides an intriguing perspective on Dogecoin's potential trajectory, it's important to note that crypto markets have evolved since 2017. Factors like economic conditions and investor sentiment could impact its actual performance.