Dogecoin Reports Strong Recovery as Price Rise Pattern Continues to Form

Dogecoin shows signs of recovery, signaling a potential move towards a new all-time high. At $0.23199 as of May 13, 2028, DOGE has regained its upward momentum. The price action follows a familiar technical pattern that has previously triggered significant bullish moves. Analyst Javon Marks believes another breakout may be underway, with the potential for a +200% increase in the near future. The long-term analysis of Dogecoin paints a bullish picture, indicating another rise to the sky may be happening. The Triangular Formations Only Indicate Historical Protests The 14-year chart of Dogecoin from 2014 to 2028 shows a consistent cyclical trend. Each major bullish phase is followed by a descending triangle pattern. These consolidation periods last about 2 to 3 years before sharp upward moves. The first triangle, formed from 2014 to 2017, preceded the breakout that took DOGE to new highs in 2018.

In addition, another triangle appeared between 2018 and 2020. It was resolved by a strong bullish surge breaking through previous resistance levels. Therefore, this pattern has become a reliable indicator for future price action. The third triangle, forming from 2020 to 2023, has created another bullish surge lasting until 2024. Each breakout is marked by larger volume and larger candles, signaling strong buying interest. Current Momentum Towards New Heights After a brief pullback from the highs of 2023-2024, Dogecoin is regaining its bullish momentum. Moreover, the current trading level is still significantly higher than its historical baseline. This cryptocurrency continues to form higher lows, aligning with its long term upward trajectory. Notably, this structure indicates strong underlying demand. Furthermore, historical analysis shows that Dogecoin often moves in parabolic phases. Each time it breaks out of the triangle, a rapid rise follows. Therefore, the current setup has the potential for another significant bullish trend. The recovery of Dogecoin over the years shows its transformation from a meme token into a serious digital asset. Its growth through multiple cycles reflects the increasing confidence of investors. Additionally, the growing market capitalization reinforces the development of DOGE in the cryptocurrency ecosystem.