- Dogecoin’s rare Doji candle on the monthly chart signals potential for a major price surge.
- The 2025 Doji mirrors the 2015-2017 pattern, hinting at a possible repeat of a 9,000% price increase.
- Rising trading volume and fractal alignment suggest Dogecoin could break its $0.73 record soon.
On the monthly chart, Dogecoin has produced a Doji candle which rarely appears. This pattern was witnessed before the 2017 bull run and is causing traders to anticipate another big move of the coin. In the recent X post, Trader Tardigrade revealed that subsequent to the Doji in 2017 the price was out to soar over 9,000%vtaking DOGE from $0.0002 to $0.018 within a year. The Doji formed in 2025 could be the new one produced from the markets to signify this breakout point.
Doji Formation Signals Breakout
The current chart is the repetition of the 2015-2017 cycle with just a slight difference in the price range. The two patterns recognize rounded bottoms, corrections before the Doji, and steep first upward movements. Such formations indicate that the Dogecoin may be in the early stages of the next sprint. The price level is in the process of formation of a consolidation with the further breakout.
This one corresponding to the cycle 2022–2025 is parallel to that which was in the period of 2015–2017. In both cases, Dogecoin price confined in a sharp rectangle up to the Doji formation. Afterward, the price surged rapidly. This historical behavior has many asking if the same is due to happen again. This is possible because of the symmetrical wave pattern in addition to the instances of Support Retest.
Another bullish wave is illustrated by a light blue fractal regarding the same direction of the previous waves. The Doji structure clearly indicates that it may ignite another big upsurge in its prices value chain. Analyst Tardigrade identifies that the green arrow projection indicates an ascending trajectory like the one seen in 2017.
Dogecoin Poised for Growth
Lately trading volume is increasing and the fractal is repeating which suggest that Dogecoin can prepare for further rise. This essential price barrier is being breached, providing further impetus to a potential price rise. This could ideally take DOGE to another level above the record high price of $0.73. As of press time, DOGE is trading at $0.1939, showing a 5.46% decline over the past day.
Source: TradingView
This Doji candle took place recently and has led to anticipation in the crypto market. In the future, Dogecoin could potential replicate all over again and gain several thousands of percent. Currently, traders are keenly observing the market for a breakout in the next few months. Whether this leads to another parabolic advance is unclear, however all the indicators suggest that Dogecoin is ready for a breakout.
