Amid the ongoing Dogecoin recovery push, a well-known market analyst has pointed to an ascending megaphone pattern.
Notably, Dogecoin is trading inside what analysts describe as an ascending megaphone pattern, a structure that has historically led to major breakouts. The analyst, EtherNasyonal, believes the structure is expanding toward $1.
Historical Rallies Show Repeated Pattern
His accompanying chart highlights Dogecoin’s behavior since 2023, showing a series of accumulation phases followed by strong upward moves. Specifically, during late 2023, the meme coin consolidated near $0.06 before staging a breakout above $0.15 by early 2024 and slipping back into consolidation.
Another rally took place between March and May 2024 when prices climbed from $0.08 to more than $0.23. After the second corrective phase, Dogecoin found renewed strength in late 2024, holding support levels that carried into 2025.
This price action formed a series of higher bases that aligned with the broadening megaphone structure. According to the analyst, these repeated sequences show that the current pattern is consistent with earlier setups, each of which eventually delivered extended rallies.
For the uninitiated, the ascending megaphone pattern features diverging trendlines that capture both rising lows and expanding highs. In Dogecoin’s case, the structure shows an upward trajectory beginning in mid-2023 and continuing through 2025.
DOGE Price Patterns Display Tight Consolidations Preceding Breakouts
A separate analyst, Trader Tardigrade, adds further context to the current momentum. His chart shows DOGE repeatedly forming periods of tight consolidation followed by breakouts into steep rallies. Each instance, seen in July and September, shows the same cycle of compression and expansion.
Dogecoin consolidated tightly between $0.22 and $0.23 before breaking out towards the $0.25 region. The projection on the analyst’s chart shows this sequence potentially continuing, with the latest consolidation zone leading to another upward surge beyond $0.34.
The repeated nature of these breakouts mirrors the larger megaphone structure as seen from analyst EtherNasyonal’s chart, presenting short and mid-term confirmation of the broader bullish framework.
Dogecoin Showing Higher Highs and Higher Lows
Additional chart data supports the two analysts’ opinion by mapping Dogecoin’s higher highs and higher lows. DOGE established a low of five and a half cents in October 2023 and rallied to more than $0.42 in March 2024.
Another high was recorded above $0.38 in April 2025. Even during corrective periods, the price consistently defended key supports, most notably at $0.16 in September 2024 and again near nineteen cents in August 2025.
This sequence confirms the upward slope of the trendline and the integrity of the channel. The Relative Strength Index currently stands near 55, suggesting balanced momentum with room for continued upward pressure if buyers remain active.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
