Dogecoin reflects the macro model of 2014–2018, ready for a potential bullish breakout.

Dogecoin is currently exhibiting a familiar macro structure reflecting its price cycle from 2014 to 2018. Market followers are closely monitoring the charts for potential breakout phases. The chart of Dogecoin reflects the previous cycle. Cryptocurrency analyst Trader Tardigrade noted on X that Dogecoin appears to be repeating its macro pattern from 2014–2018 almost identically. The current market behavior from 2021 to 2025 shows a similar long-term gradual decline followed by a rounded bottom. This setup was also seen in the previous cycle, when it preceded a strong vertical bull run.

In the previous cycle, the rounded bottom of Dogecoin was followed by its strongest price increase phase. Currently, the chart shows an almost identical structure. The price is coiling within a macro channel, implying the potential for a large move. This tightening price range may indicate the accumulation of market participants ahead of a new price increase phase. The historical fractal model highlights the potential for Dogecoin to return to or exceed previous highs. Traders are currently following closely to see if history will repeat itself with a breakthrough. Enhance on-chain activities to support technical outlook Ali, a renowned chain analyst, has shared recent observations on the blockchain metrics of Dogecoin. He reported a significant increase in active addresses, transaction volume, and whale activity on the Dogecoin network. These metrics often signal new interest from both retail and institutional participants.

According to Ali, whales have accumulated over 1 billion DOGE in the past month. This accumulation pattern often aligns with price preparation phases for upward moves. The combination of technical setups and strong on-chain signals is drawing attention back to Dogecoin. Momentum increases as prices roll in the macro channel. The price of Dogecoin continues to move within a tightly defined macro structure. This behavior resembles its previous accumulation zones before strong price increases. The market is at a crucial moment, with price action approaching the upper edge of the current channel. Trader Tardigrade emphasizes the similarity of the current setup to the end phase of the previous cycle before a breakout. The continuous formation of the chart indicates that a new move could soon develop, especially if the historical patterns remain intact. With the increasing attention and accumulation of whales, Dogecoin is entering a phase of greater market focus. The coming weeks may determine whether this cycle unfolds as it has in the past.