Dogecoin (DOGE) Price Analysis: Bulls Are Working Hard to Break Above $0.20 Resistance

Technical analysis of Dogecoin’s price action shows that Dogecoin bulls are currently working hard to register a break above the $0.2 resistance price level. However, beyond the immediate battle at the $0.20 resistance, a broader technical perspective presents a far more interesting possibility of Dogecoin reaching new all-time highs very soon.

Specifically, the technical analysis of Dogecoin’s monthly candlestick timeframe chart indicates that its price is currently in the formation of a rally between June and July 2025.

Analyst Spots Recurring 3-Month Uptick, 5-Month Pullback Formation

A technical analysis of Dogecoin’s monthly candlestick chart, first shared by crypto analyst Trader Tardigrade on the social media platform X, identifies a fascinating recurring pattern for the meme coin’s price. According to the analyst, Dogecoin has now completed two price cycles since late 2023, each consisting of a 3-month pump followed by a 5-month pullback.

This rhythmic pattern first played out between December 2023 and August 2024. Dogecoin experienced a strong price surge from December to February, followed by a prolonged pullback that lasted from March to July. It followed a similar trajectory between August 2024 up until recently in May 2025, where three months of bullish momentum were followed by five months of bearish price action.

The last monthly candlestick helped to confirm this setup, especially after May ended with a positive 11.7% close from its open price. As such, the next outlook is the continuation of this rally in June 2025.

Each of the previous 3-month rallies has produced notable upside, with the most recent cycle in 2024 pushing Dogecoin’s price from below $0.08 to a multi-year high around $0.48 in just three months. If this cyclical behavior continues, Dogecoin could be gearing up for a comparable bullish leg in June and July, which would eventually cause it to break into new all-time highs.

Chart Image From X: Trader Tardigrade

Dogecoin To Repeat History With June/July Rally

The notion that history could repeat itself is not new to crypto traders, but in Dogecoin’s case, the visual alignment of price action over time is hard to ignore. Keeping this possibility in mind, a repeat of the previous rally in Q4 2024 will be enough to send the Dogecoin price above resistance levels at $0.22, $0.3, and finally at $0.48.

Notably, crypto analyst Trader Tardigrade projected a run-up to $0.3 in June. A successful breach above this level could confirm the start of the next bullish cycle for Dogecoin, and Trader Tardigrade projected a peak price above $0.75 in July 2025. At the time of writing, Dogecoin is trading at $0.184, with a price increase of 0.5% in the past 24 hours.