DOGE is ready To The Moon: historical patterns suggest a pump of 12,000%

DOGE [DOGE] shows a recurring trend of significant pump followed by a pullback. In 2017, DOGE pumped 212%, retraced 40%, and then pumped 5,000%. Similarly, in 2021, it pumped 476%, retraced 56%, and then skyrocketed 12,000%.

In 2024, DOGE also followed a similar trajectory, pumping 440% from $0.065 to $0.39547, then retracing 46%.

According to cryptocurrency analyst Ali, if the trend continues like in previous cycles, this pattern suggests that there may be another significant rebound.

Current price trend and key levels

At the time of writing, the trading price of DOGE is $0.3167, reflecting a decrease of 1.43% in the past 24 hours and a decrease of 21.23% in the past week. The market value of the cryptocurrency is $46.66 billion, with a 24-hour trading volume of $4.37 billion.

Price data shows that DOGE has maintained its long-term logarithmic price channel. The support levels have been identified as $0.065 and $0.19-0.20, while the resistance levels are at $0.39547 and $0.73665, which are the historic highs set in 2021.

If DOGE maintains the historical pump trend within that channel, analysts predict a potential upper limit of $17.94.