Dogecoin Poised for a Bull Run? Analyst Highlights Historical Buying Zone

Dogecoin's current price is aligning with a historical buying zone that has previously triggered significant bull runs.

An ascending triangle pattern is suggesting a potential breakout above the $0.43 level.

Recent market volatility highlights the need for careful volume analysis to confirm any emerging trend.

Cryptocurrency enthusiasts are closely watching Dogecoin ($DOGE) following an insightful analysis shared by @ali_charts on X.

The analyst presented a long-term chart (2014-2025) featuring an ascending triangle pattern. This pattern indicates that Dogecoin's current price range—around $0.24 per Yahoo Finance data from July 24, 2025—coincides with historical buying zones that have initiated major bullish trends in the past.

Dogecoin $DOGE is back in a range that has historically served as a buying zone, triggering major bull runs! pic.twitter.com/bzHM1K4zBf— Ali (@ali_charts) July 26, 2025

This technical indicator has generated optimism amidst a recent market downturn that resulted in the liquidation of 213,729 traders, according to Cointelegraph on July 25, 2025. The ascending triangle, a bullish continuation pattern, is defined by a flat resistance line and an ascending support line, signifying growing buyer interest.

@ali_charts’ chart highlights key points where Dogecoin experienced breakouts, correlating with notable price increases. This analysis is consistent with a January 2025 Bitcoinist.com report by Trader Tardigrade, who anticipated a potential final bull run for Dogecoin as it retests the triangle’s apex—a pattern often associated with upward breakouts, as detailed in Kraken’s 2024 guide on crypto chart patterns. Should history repeat itself, Dogecoin could witness a substantial rally, potentially challenging the $0.43 resistance level, as previously mentioned in a November 2024 Bitcoinist.com analysis by Rekt Capital.

However, the broader market context requires a tempered approach. A recent 5% decrease in Dogecoin’s value, as reported by Finance Magnates, reflects a wider sell-off in the altcoin market, with Solana and other cryptocurrencies also experiencing declines. This volatility emphasizes the importance of caution, as the ascending triangle could also signal a false breakout if trading volume does not support the movement, a point emphasized in altFINS’ 2024 guide on trading such patterns.

For investors, this situation presents a data-driven opportunity to closely monitor Dogecoin. A sustained increase in trading volume following a breakout could validate the bullish trend, while a failure to surpass resistance may prolong the current correction. As the cryptocurrency market navigates this period of uncertainty, Dogecoin’s historical resilience keeps the possibility of a resurgence alive.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research before making any financial decisions.