Are PEPE and DOGE Primed for a Bullish Surge? Analysts Spot Key Historical Patterns

Optimistic Momentum for Cryptocurrencies as Bitcoin Reclaims $105K

The cryptocurrency market witnessed a positive upswing on Thursday, January 30, 2025, with Bitcoin (BTC) registering a noteworthy surge of 3% to recapture the $105K mark. This upswing follows the Federal Reserve's announcement to maintain the federal funds rate within the range of 4.25%-4.50%.

In line with BTC's lead, popular memecoins Pepe (PEPE) and Dogecoin (DOGE) also experienced gains today. However, despite their recent rally, both assets continue to recover from previous corrections: PEPE has declined by 22% over the past 60 days, while DOGE has retreated by 37%.

Historical Bullish Patterns Surface for PEPE and DOGE

Recent analyses by prominent crypto traders indicate that both PEPE and DOGE may be echoing historical bullish patterns, suggesting potential breakout rallies.

Pepe (PEPE) Analysis

Crypto analyst @ChandlerCharts observes that PEPE's price action mirrors its behavior during the 2023/24 cycle, which featured a significant 50% correction followed by a substantial rally.

The current price structure of PEPE closely resembles the pattern seen in 2023/24, where a 50% correction preceded a parabolic surge. Notably, the 2024/25 cycle has experienced a similar 60% dip.

In 2024, PEPE found support following the January 31 FOMC meeting, which saw interest rates remain unchanged. A comparable reaction has been observed after the January 29, 2025, FOMC decision, with PEPE rebounding from key support.

The Relative Strength Index (RSI) has mirrored the downtrend pattern observed last year prior to a breakout. Should this trend persist, PEPE may be preparing for a major bullish move.

If PEPE follows the previous cycle, it could potentially rally back to its November highs and possibly establish new all-time highs.

Dogecoin (DOGE) Analysis

Crypto analyst @TATrader_Alan highlights that DOGE is currently in its third market cycle and exhibits a textbook accumulation pattern, reminiscent of previous explosive bull runs.

DOGE has adhered to a recurring pattern observed in Cycle 1 (2017) and Cycle 2 (2021). Each cycle consisted of an extended accumulation period followed by a major parabolic rally.

The chart demonstrates higher lows marked in green, indicating steady accumulation. A significant trendline breakout and correction phase, comparable to those seen in Cycle 1 of 2017 and Cycle 2 of 2021, is highlighted in a yellow circle, paralleling the current setup of Cycle 3. If history repeats, DOGE could embark on another major upswing.

According to the analyst, if the pattern holds, DOGE could rise towards $3.0 - $5.0 in the coming months.

Conclusion

Both PEPE and DOGE exhibit compelling historical fractals, aligning with their previous breakout patterns. Amidst the broader bullish sentiment in the market and Bitcoin's leadership, these two memecoins could be poised for their next explosive rallies.

Nevertheless, it is imperative to bear in mind that market conditions can evolve rapidly. Careful monitoring of key levels and macroeconomic factors is essential before making any investment decisions.

Disclaimer: This analysis is provided solely for informational purposes and should not be construed as financial advice. Investors are advised to conduct their own research prior to investing in cryptocurrencies.