Dogecoin’s Third Time Breakout Could Send Price On 2,000% Rally To $2

The current setup, as shown on the monthly chart, mirrors those earlier formations. Price action has once again spent significant time consolidating within a defined range, forming a clearly visible base. The analyst emphasizes that Dogecoin is now positioned at the edge of this third structure, suggesting that the compression phase may be nearing completion.

This configuration is widely regarded as a bullish continuation setup, particularly when it forms within a larger accumulation structure. The handle reflects short-term profit-taking and controlled pullback. If price breaks decisively above the handle’s resistance level, the pattern typically projects a continuation move in the direction of the prevailing trend.