The Dogecoin Rebound: History Repeating, Or Is It Just a Coin Toss?

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Ah, Dogecoin. The little crypto that could… or couldn’t? Once upon a time, back in 2021, it soared to a glorious $0.73, but now, alas, it’s languishing a full 75% below that mark, battling through a cascade of crashes—each more dramatic than the last. Of course, this all coincided with President Trump’s little “I’ll tariff you into oblivion” moment. Because why not throw a global pandemic, an economic crisis, and a trade war into the mix, right?

But wait, what’s this? Could it be that the market’s fairy godmother—aka President Trump—has waved its magical tariff-reduction wand once again? Yes, the US has decided to go easy on China, slashing those pesky 145% tariffs, and lo and behold, Dogecoin’s price starts to rise like a phoenix from the ashes. With chart patterns showing potential for a 600% surge, it seems that history might be poised for a sequel. And who doesn’t love a good rerun?

Could Dogecoin Have Its ‘November 2024’ Moment Again?

Enter our crypto fortune teller, Steph is Crypto, who points out that Dogecoin seems to be following a script it already performed less than six months ago. As Steph explains, back in 2024, the Dogecoin price suffered through a brutal 43-bar downtrend that stretched over 129 days—because who doesn’t love an extended bear market?

But as they say, every dark cloud has a silver lining (or in Dogecoin’s case, a shiny, meme-powered rocket). After that lengthy downtrend, the Dogecoin price shot up faster than a caffeinated squirrel on roller skates. It went from under $0.1 to over $0.46 in a blink of an eye, before crashing back down like a poorly executed skydiving stunt. By January 2025, we saw a glorious 500% increase, only to have the market eat itself once more.

Now, according to our dear Steph, Dogecoin is once again ticking all the boxes of a previous downtrend, and with the same 43 bars over 129 days—can we say déjà vu? The price might just be on the brink of another surge. Call it history repeating itself, or just call it another wild ride on the crypto rollercoaster. Either way, hold on tight, folks!

Should we expect another 501% increase like the glorious November surge? If so, with Dogecoin’s current price higher than before that last spike, we could be looking at a new high that shatters the $0.5 mark. A bold prediction, right? But don’t hold your breath—timing is everything, and we’re guessing May to July will be the sweet spot for this next rollercoaster. Buckle up.

Brace Yourself for a Bullish Divergence: Again

But wait! There’s more! As if one expert wasn’t enough, we have Karan Asghar, another crypto sage, who has pointed out a formation that looks eerily similar to the one from 2024. This formation, a “bullish divergence” (sounds impressive, doesn’t it?), marks a potential bottom, which—brace yourselves—could herald the start of yet another rally.

The last time this bullish divergence appeared was between July and August 2024. The result? A consolidation followed by a rally that made crypto traders believe in fairy tales again. And now, in a turn of events that would make any plot twist jealous, a similar bullish divergence has emerged between March and April 2025, after a “wick down” that might just be signaling the end of this latest crypto bottom. Are we at the bottom, or is this just another false alarm? Only time will tell.

As for the price target, the crystal ball is still pointing to $0.4 or more, with May and June being the crucial months for this potential surge. If both of these analyses hold water, Dogecoin investors might want to prepare for the wildest two months of their crypto lives. May could be a rollercoaster ride with a cherry on top—or a spectacular crash, but hey, at least it’s entertaining!

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2025-04-25 15:13