Dogecoin is once again approaching a technical inflection point that has historically preceded explosive upside. According to crypto chartist and pattern analyst @TATrader_Alan, the meme coin is completing a structural setup that has already delivered two major parabolic advances. If the pattern resolves the same way for a third time, the projected upside could extend toward the $2 level, representing roughly a 2,000% move from the broader base region.
Dogecoin’s Third Solid Base
In a recent monthly timeframe analysis on X, the chartist pointed to what he describes as a recurring “Solid Base” formation. He notes that Dogecoin has completed this structure twice in prior cycles. On both occasions, the base-building phase was followed by rapid vertical expansion in price.
The chart highlights prolonged consolidation zones where the price compresses over an extended period. These zones are characterized by reduced volatility, gradual accumulation, and tightening ranges. In previous cycles, this compression phase acted as stored momentum. Once the price cleared the upper boundary of the structure, the move accelerated quickly into a parabolic markup phase.
The current setup, as shown on the monthly chart, mirrors those earlier formations. Price action has once again spent significant time consolidating within a defined range, forming a clearly visible base. The analyst emphasizes that Dogecoin is now positioned at the edge of this third structure, suggesting that the compression phase may be nearing completion.
Historically, the first two bases led to exponential rallies that dwarfed the preceding consolidation periods. The implication is not based on short-term speculation but on repeating structural behavior visible across multi-year cycles. The measured expansion from previous breakouts, when applied proportionally to the present base, supports the possibility of a move that could extend toward the $2 region if momentum unfolds in a similar fashion.
Cup And Handle Pattern Reinforces Breakout Case
On the daily timeframe, the chartist further identifies a classical continuation structure forming within the broader macro base. He outlines a Cup and Handle pattern developing in real time, reinforcing the larger bullish thesis.
According to the chart, Dogecoin formed a rounded bottom with price dipping to approximately $0.08 before gradually recovering. The rally then carried the price to around $0.11, establishing the rim of the cup. Following that advance, the price began consolidating just below resistance, shaping the handle portion of the formation.
This configuration is widely regarded as a bullish continuation setup, particularly when it forms within a larger accumulation structure. The handle reflects short-term profit-taking and controlled pullback. If price breaks decisively above the handle’s resistance level, the pattern typically projects a continuation move in the direction of the prevailing trend.
Combined with the multi-year solid base structure on the monthly chart, the Cup and Handle adds a shorter-term trigger mechanism to the broader breakout narrative. Should resistance give way, the alignment of macro accumulation and classical continuation geometry would position Dogecoin for a move that, based on historical precedent, could extend dramatically higher and potentially validate the $2 target.
Source: https://www.newsbtc.com/news/dogecoin/dogecoins-third-time-breakout/
