Dogecoin’s Historic Pump Pattern Resurfaces as Analysts Eye Breakout

Dogecoin (DOGE), the world’s most recognized meme cryptocurrency, is once again capturing headlines as it appears to be repeating its historic market cycle. Analysts are drawing comparisons to the explosive rallies of 2017 and 2021, when the token surged to new all-time highs after similar signals emerged.

Despite a recent 18% price decline over the past month, Dogecoin’s chart structure suggests it has entered the lower range of its long-term “pump channel.” Popular analyst Trader Tardigrade noted on X that this setup has historically preceded parabolic moves, fueling optimism among long-term holders.

Adding weight to the bullish outlook, Dogecoin also registered a Golden Cross last week, a technical event that occurs when the 50-day moving average crosses above the 200-day. This formation is widely regarded as a bullish momentum signal and has preceded strong rallies across both traditional and crypto markets.

Technical and On-Chain Signals Support DOGE

On-chain activity further reinforces Dogecoin’s continued relevance. Payment processor BitPay reported that DOGE accounted for 6% of all cryptocurrency transactions on its platform in July, underscoring its use case beyond speculation.

Whale activity has also been notable, with significant accumulation reported in recent weeks. Large holders scooping up DOGE has historically coincided with upward price momentum, strengthening the belief that the asset could be preparing for another leg higher.

Meanwhile, institutional interest is beginning to creep into the picture. A recent $50 million acquisition of a Dogecoin mining firm by a Trump-linked entity highlighted growing confidence in DOGE infrastructure.

Coupled with shifting U.S. regulatory sentiment and Wyoming’s launch of a state-backed stablecoin, institutional flows are starting to reshape the token’s outlook.

Outlook: Will History Repeat Itself?

For traders and investors, the key question is whether Dogecoin can sustain momentum and break through resistance levels. Analysts are watching the $0.22–$0.25 range closely, with potential targets at $0.28 and $0.36, suggesting as much as a 50% rally from current levels if volume follows through.

While volatility remains a defining feature of Dogecoin’s journey, the mix of technical signals, on-chain strength, and institutional interest suggests the meme coin may not only be repeating its cycle, but also maturing into a more embedded part of the crypto ecosystem.

As history has shown, when Dogecoin enters this phase, the ride tends to be anything but ordinary.