Historical Patterns Reinforce the Technical Outloo

Historical Patterns Reinforce the Technical Outlook

In a separate analysis, Crypto Elites examined past symmetrical triangle formations in Dogecoin’s history. The first triangle emerged in early 2016 when the price was around $0.0001. After consolidation, a breakout in late 2017 led to a move from $0.008 to $0.017 by January 2018.

Another pattern developed in December 2020 after the price fell below $0.002. A breakout followed in 2021, lifting Dogecoin to $0.080 by February and eventually to $0.73 by May 2021.

More recently, a third triangle began forming in mid-2022 around the $0.05 mark. A breakout occurred in early 2024, pushing the price to $0.22 in March and peaking above $0.48 by December 2024, before returning to its current level.