Dogecoin Flashes Familiar Signal Last Seen Before Historic Surge

According to crypto analyst CryptoKaleo, the current price action of Dogecoin bears a striking resemblance to a pattern observed nearly five years ago, prior to its explosive surge. Back then, Dogecoin endured a prolonged downtrend before transforming into an unstoppable ascent, ultimately yielding a staggering 36,000% gain.

That remarkable surge was largely propelled by Elon Musk's tweets and the burgeoning meme coin craze.

Now, following another extended pullback, DOGE seems to be establishing a new bottom, a development that some interpret as a harbinger of another bullish breakout.

If this pattern persists, the analyst posits that the meme coin could rally towards the $1 mark and potentially even overshoot, reaching as high as $2.40 in a full bullish extension.

Can History Repeat Itself?

While optimism is mounting, replicating the 36,000% run appears highly improbable. Reaching $72 per coin—the equivalent of that move from today's levels—would catapult Dogecoin's market capitalization above $2 trillion, a feat deemed implausible given its inflationary supply model.

Nevertheless, the $1 milestone remains within the realm of possibility, particularly if retail hype resurfaces and meme coin momentum gains traction alongside Bitcoin's broader uptrend. However, if historical trends are any indication, Dogecoin rallies significantly—and crashes equally hard—making caution paramount.