Dogecoin Mirrors 2020 Patterns – Is Another 36,000% Mega Rally Coming?

Dogecoin’s price chart is flashing eerie similarities to its 2020 setup—the same one that preceded a jaw-dropping 36,000% explosion. Meme coin or not, traders are eyeing the lines.

The Ghost of Bull Runs Past

If history rhymes, DOGE might be warming up for a repeat performance. The same consolidation, the same whisper-thin volatility before the storm. Last time, it rocketed from obscurity to a $90B market cap. This time? The casino’s still open.

Warning Lights or Green Lights?

Technical analysis doesn’t predict—it just measures crowd psychology. And right now, the crowd’s leaning into hopium hard. Whether this is a replay or a trap comes down to one question: how many greater fools are left? (Spoiler: in crypto, always enough.)

Either way, buckle up. When DOGE moves, it doesn’t do ‘subtle.’

ADX Pattern Repeats For Possible Dogecoin Breakout

According to crypto analyst Trader Tardigrade, Dogecoin’s weekly Average Directional Index (ADX) is showing a very similar setup to the one that occurred just before Dogecoin’s monumental 36,000% rally in 2020. The chart shared on the social media platform X highlights a series of ADX movements: two mid-level peaks followed by a sharp drop to a new low.

This structure, now repeating again in 2024 and 2025, looks like the same ADX pattern observed in the months leading up to Dogecoin’s breakout from under $0.01 to above $0.70 during the last bull cycle.

This repetition is revealed in the weekly candlestick price chart below, which shows how each of these lower low dips on the ADX curve, following twin mid-range tops, marked the end of price accumulation phases and the beginning of explosive directional moves. The latest ADX dip, again shown by a purple arrow in the chart below, aligns with the same phase of compression seen in late 2020, shortly before Dogecoin surged past many resistance levels.

Price Target For DOGE

Although past performance doesn’t guarantee future outcomes, the visual and structural similarity between Dogecoin’s current ADX pattern and that of 2020 is difficult to ignore. Trader Tardigrade’s chart highlights this by drawing a vertical dotted line from the ADX low in mid-2020 to the beginning of Dogecoin’s historic rally, which eventually carried the price to an all-time high of $0.7316 in May 2021. That MOVE followed a nearly flat ADX curve, which then curved sharply upward, exactly the kind of movement now taking shape again in the present cycle.

A second dotted line has been placed from the most recent ADX low on the current chart, and a similar trajectory could play out. This time, the projected target extends well beyond previous highs, pointing to a price above $4.50. Although not exactly a repeat of the 36,000% rally, the implied directional strength could still result in a powerful breakout.

At the time of writing, dogecoin is trading at $0.1708. Should it follow the projection and reach the $4.50 price target, this would be a 2,540% increase from current price levels.