An interesting setup observed by crypto analyst Bitguru could suggest that the 
Dogecoin price is on the path to another major recovery. This setup has 
previously led to major rallies in the past, having produced similar results 
at two separate times. Thus, it is not a stretch that the crypto analyst 
expects that Dogecoin will replicate this move once the setup is complete 
again. Dogecoin Moving Out Of Consolidation The trend that the crypto analyst 
highlights has to do with the overall trend and movement of the Dogecoin price 
during each rally. So far, each rally seems to be mirroring the others quite 
closely, with the same set of things playing out each time and leading to 
similar outcomes. Related Reading: Top Analyst Sounds Alarm: Bitcoin Is Highly 
Unlikely To Spring Back Anytime Soon There are three things in total that must 
be completed with each rally, with the first being the Dogecoin price crashing 
hard into demand, and then consolidation, before finally landing a rally after 
finding support. This trend was first observed back in the second quarter of 
the year, when the Dogecoin price made its run toward the first peak for 2025. 
Initially, the meme coin saw its price tank rapidly, and then move into 
demand. The next phase was the consolidation that followed rapidly, but once 
the coin found its support below $0.15, the price ended up rallying by almost 
100%, touching above $0.28 before proceeding downward. A similar trend was 
also observed in the third quarter of the year, which the analyst highlights 
in their chart. The same three things played out: a crash into demand, 
followed by consolidation, and then the support that led to the rally, with 
the price almost doubling as a result. Presently, the analyst explains that 
the Dogecoin price has now moved back toward the support level of $0.15 after 
the consolidation. This means that the meme coin could be on the verge of 
another rally. Is A 100% Increase Possible? Most times, history doesn’t 
repeat, but it often rhymes, and the analyst’s chart shows that this has been 
the case for Dogecoin this year. Given this, it is possible that this trend 
will hold for the meantime, meaning that the Dogecoin price could see a quick 
bounce after the support is established. Related Reading: XRP Approaches Macro 
Breakdown Zone, Analyst Warns About One Final Leg Lower If there is a similar 
outcome, then it could see the price double from here. With the price still 
trending around $0.15, it would mean that Dogecoin could rise as high as $0.3 
by the time the trend is completed. Featured image from Dall.E, chart from 
TradingView.com

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