Dogecoin (DOGE) To Rally Higher? This Emerging Fractal Signaling Potential Bullish Move

Date: Thu, July 17, 2025 | 06:50 AM GMT

The cryptocurrency market exhibits strong bullish sentiment. Ethereum (ETH) continues its upward trajectory, achieving a 9% gain today and nearing the $3,450 level. This positive momentum is influencing major memecoins, with Dogecoin (DOGE) becoming a focal point for investors.

DOGE has experienced a 7% increase today, pushing its weekly gains to 17%. This isn't solely due to short-term market activity. Analyzing the charts reveals a compelling bullish fractal pattern, remarkably similar to the recent performance of Bonk (BONK).

Source: Coinmarketcap

DOGE Echoes BONK’s Bullish Breakout

A direct comparison of BONK and DOGE on the daily chart reveals a striking parallel. BONK successfully broke free from a long-term downtrend line, recovered its 100-day moving average (MA), and subsequently surged past the 200-day MA. This movement resulted in a substantial 113% rally, with continued upside potential.

DOGE now appears to be mirroring this sequence of events.

BONK and DOGE Fractal Chart/Coinsprobe (Source: Tradingview)

DOGE has already overcome its downtrend line and successfully reclaimed the 100-day MA. The next critical resistance point is the 200-day MA, currently positioned around $0.2208. This is the same point where BONK initiated its explosive surge.

Potential Scenarios for DOGE

Should DOGE decisively close above the 200-day MA with significant trading volume, it could pave the way for a potential advance towards the $0.4350 resistance level. This implies a rally of over 100% from current price levels.

However, confirmation remains crucial. Until DOGE surpasses this final obstacle and maintains its position above it, the possibility of consolidation or rejection remains.

Despite this caution, the fractal similarity to BONK is difficult to ignore. Structurally, DOGE is positioning itself for a potentially significant breakout.

Disclaimer: This article is intended for informational purposes only and does not constitute financial advice. Always conduct thorough research before investing in cryptocurrencies.

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