Dogecoin’s Next Move: Can History Repeat With Another 36,000% Rally Anomaly?

Dogecoin faces its moment of truth as analysts watch for signs of another historic surge.

The Ghost of Rallies Past

Remember when Dogecoin defied all logic with that insane 36,000% run? The charts screamed anomaly while traditional investors scratched their heads. Now the memecoin stands at another crossroads, with the crypto community divided between true believers and those waiting for the other shoe to drop.

Pattern Recognition or Wishful Thinking?

Technical analysts point to eerily familiar formations while fundamentalists question whether lightning can strike twice. The same market forces that propelled that unprecedented rally are stirring again—retail frenzy, celebrity endorsements, and that peculiar crypto alchemy that turns jokes into serious gains.

Market Mechanics in Play

Liquidity flows suggest something's brewing beneath the surface. Trading volumes are picking up that distinctive Dogecoin rhythm, and social sentiment metrics are flashing patterns not seen since the last big run. Whether this translates to actual price action remains the billion-dollar question.

The Regulatory Wildcard

This time around, the landscape looks different. Regulatory scrutiny has intensified, institutional players have entered the arena, and the entire crypto space has matured. Or has it? Sometimes it feels like we're all just watching the same movie with better special effects.

As one veteran trader put it: 'In crypto, past performance actually does guarantee future results—until it doesn't. That's what makes this space so beautifully chaotic.' Another 36,000% surge would require ignoring every traditional finance rulebook—which, come to think of it, is exactly how Dogecoin became Dogecoin in the first place.

How The Current Dogecoin Price Action Differs From Last Cycle

In an X post, Cantonese Cat highlighted some differences between the current dogecoin price action and that from the last cycle, when it recorded a 36,000% rally. The analyst noted that the last cycle was an anomaly because DOGE punched through the ‘Superlchi’ cloud without ever back-testing it that cycle and just went on its massive run.  

Cantonese Cat then went on to mention that the Dogecoin price has punched through this Superlchi cloud in this cycle and claimed it from resistance to support. However, unlike in the previous cycle, DOGE has back-tested this level for more than half a year and has established it as good support. 

The analyst revealed that the most recent back-test happened this month, with a huge wick showing demand. Cantonese Cat explained that this is more consistent with what generally happens during a bull market and asserted that Doge still has its bullish market structure. The analyst’s accompanying chart showed that $0.18 is the key level that DOGE needs to stay above to maintain this structure. 

Crypto analyst Ghost also indicated that the bull market structure was still intact for the dogecoin price. This came as the analyst highlighted a ‘Parabolic Arc,’ which they noted is still intact and predicted that the target for DOGE in this cycle is the psychological $1 level. 

A Rebound For DOGE May Be On The Horizon

Crypto analyst Ali Martinez stated that the Dogecoin price wants to rebound and that the key targets are $0.29, $0.45, and $0.86. This follows DOGE’s recent crash below the $0.2 level amid the broader crypto market decline. This has occurred due to rising trade tensions between the U.S. and China with the Trump tariffs. 

Meanwhile, crypto analyst Trader Tardigrade stated that a double bottom is on the way for the Dogecoin price. He added that a catalyst is needed to ignite this next move up for DOGE. A potential catalyst could be the imminent rate cut, with the Fed expected to lower rates at next week’s FOMC meeting. Trump is also set to meet China’s President Xi Jinping, which could ease trade tensions and potentially lead to a trade deal between the two countries.

At the time of writing, the Dogecoin price is trading at around $0.2, up over 5% in the last 24 hours, according to data from CoinMarketCap.