Dogecoin (DOGE) is currently trading at around $0.169, experiencing a pullback after its late-April peak near $0.19. Despite this, prominent crypto analyst MasterAnanda suggests that the meme coin is building a market structure indicating a strong bullish phase ahead. By comparing past chart patterns, the analyst highlights the repetition of three distinct lows on Dogecoin’s daily candlestick chart—previously observed in mid-2024—now appearing again, potentially setting up for a significant rally.
In 2024, a similar pattern led to a 380% surge from $0.14 to a multi-year high of $0.48. The current consolidation and formation of a higher low—supported by a key $0.145 support zone—mirrors that historical setup. MasterAnanda argues that this is not the time to sell but to aggressively buy and hold through any retracements, even advising traders to remove stop-loss orders and treat near-term dips as rare buying opportunities.
While the analyst remains conservative about exact targets, he projects a likely move above $0.40 should the current structure play out, with a potential for DOGE to revisit previous all-time highs if the pattern fully repeats. The outlook is grounded in technical analysis, historical price action, and bullish sentiment for Dogecoin's coming cycle.