A crypto expert has highlighted a recurring pattern on the Dogecoin (DOGE) 
price chart that led to its historical 2020 price rally. At the time, the DOGE 
price had skyrocketed by more than 26,000%, turning many early investors into 
millionaires in just a few months. Now, with the current chart structure 
repeating the same pattern, the analyst believes that Dogecoin may be 
preparing for another historic rally, this time to a $2 price target. Dogecoin 
Price Repeats Historic 2021 Bull Run Pattern In one of his latest Dogecoin 
analyses on X, market analyst Crypto Patel stated that DOGE is currently 
sitting within the same strong accumulation zone from 2021 that sent its price 
to an all-time high. He marked this zone at around $0.10, noting that Dogecoin 
traded around this level before jumping over 26,834% to $0.74 in the previous 
bull run. Related Reading: Dogecoin Inverted Scale Shows A Sharp Drop, But 
Something Is Interesting About This Chart Crypto Patel noted that during that 
time, tweets from SpaceX and Tesla CEO, Elon Musk, had acted as a major 
catalyst to the meme coin’s upward price action. With renewed attention on 
Dogecoin, the analyst now believes that the fractal pattern from that past 
bull market is repeating in this cycle. He noted that the bull run between 
2020 and 2022 had moved through Waves 1 to 5, with significant price 
fluctuations before finally peaking in the last wave. In his accompanying 
chart, Crypto Patel showed that in Wave 1, Dogecoin experienced its first 
breakout before jumping again to a new high in Wave 2. This bull run 
continued, with Waves 3, 4, and 5 all showing price moving higher before the 
peak finally triggered a bearish downtrend. Fast forward to the current cycle, 
Crypto Patel’s chart shows the market mirroring the same moves. Around 2024, 
Dogecoin experienced two breakouts similar to those in the previous cycle. 
After the second breakout, the price retested the former lows before 
experiencing another strong rally, marking Wave 3. Based on Crypto Patel’s 
analysis, the market is currently in Wave 4, following months of significant 
volatility and price declines. If history repeats, the analyst predicts 
Dogecoin could see another parabolic rally soon. His chart points to an upper 
price target around $2.0, representing a more than 2,767% rally from the 
current accumulation zone between $0.07 and $0.10. Dogecoin Whale Activity 
Surges Alongside Price While analysts maintain their bullish stance on 
Dogecoin, the meme coin is also seeing a surge in whale activity and price. 
Recent data shows that whales are accumulating Dogecoin in droves. Related 
Reading: Dogecoin Trap Shows A Major Crash, But How Low Will The Price Go? A 
crypto analyst, Mando CT, reported that whale wallets holding DOGE have 
reached a new all-time high of 108.52 billion tokens valued at approximately 
$11.6 billion. He noted that large-holder activity has also spiked to its 
highest level in six months, reflecting renewed interest and demand for the 
meme coin. At the same time, CoinMarketCap data reveals that the DOGE price 
has risen by more than 3.4% in the last 24 hours, fueled by Bitcoin’s recent 
reclaim of the $80,000 level. Featured image from iStock, chart from 
Tradingview.com

Dogecoin Has Entered The Zone That Led To The 2021 26,000% Surge And The Target Is Above $2

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Bitcoin price started a fresh increase and cleared the $80,500 zone. BTC is 
consolidating and might aim for more gains above the $81,200 level. Bitcoin 
managed to stay above $78,500 and started a fresh increase. The price is 
trading above $78,800 and the 100 hourly simple moving average. There is a 
bullish trend line forming with support at $79,200 on the hourly chart of the 
BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays 
above the $79,200 and $78,800 levels. Bitcoin Price Eyes Fresh Highs above 
$81K Bitcoin price found support near $78,500 and started a fresh increase. 
BTC gained pace for a move above the $78,800 and $79,200 resistance levels. 
The bulls even pushed the price above $80,500. A high was formed at $80,770, 
and the price started a consolidation phase above the 23.6% Fib retracement 
level of the upward move from the $74,940 swing low to the $80,770 high. 
Bitcoin is now trading above $79,200 and the 100 hourly simple moving average. 
There is also a bullish trend line forming with support at $79,200 on the 
hourly chart of the BTC/USD pair. If the price remains stable above $79,200, 
it could attempt a fresh increase. Immediate resistance is near the $80,500 
level. The first key resistance is near the $80,800 level. A close above the 
$81,200 resistance might send the price further higher. In the stated case, 
the price could rise and test the $81,650 resistance. Any more gains might 
send the price toward the $82,000 level. The next barrier for the bulls could 
be $82,500. Another Drop In BTC? If Bitcoin fails to rise above the $81,200 
resistance zone, it could start another decline. Immediate support is near the 
$79,200 level. The first major support is near the $78,500 level. The next 
support is now near the $77,850 zone and the 50% Fib retracement level of the 
upward move from the $74,940 swing low to the $80,770 high. Any more losses 
might send the price toward the $77,150 support in the near term. The main 
support now sits at $76,500, below which BTC might struggle to recover in the 
near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in 
the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD 
is now above the 50 level. Major Support Levels – $79,200, followed by 
$78,500. Major Resistance Levels – $80,500 and $81,200.

Bitcoin Price Holds Firm Near Highs, More Gains Could Follow

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Dogecoin Has Entered The Zone That Led To The 2021 26,000% Surge And The Target Is Above $2

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