- Dogecoin has completed a retest of the lower trendline and is now holding above its long-term moving average.
- The chart shows that previous bull waves in 2017 and 2021 followed similar structural setups on the monthly timeframe.
- Analyst projections indicate the 3rd Bull Wave could begin in 2025 with trendline and indicator strength aligning together.
Dogecoin (DOGE) may be preparing for its third major bull wave after completing a multi-year correction, according to a new technical outlook shared by crypto analyst @EtherNasyonaL. The analyst’s chart, posted on October 24, 2025, shows DOGE trading within a broad ascending channel that dates back nearly a decade. The setup identifies previous bull cycles in 2017 and 2021, with a third expansion phase now forming on the lower end of the trendline.
The analyst stated that Dogecoin’s “long downtrend [has been] broken” and that a successful “retest [has been] completed.” According to the chart, the 25-month moving average (25MA) on the higher time frame has turned upward again, signaling the early stages of renewed bullish structure.
As of the latest data, Dogecoin trades near $0.1957, consolidating within the lower band of a years-long ascending price channel. The post notes that “all technical indicators are whispering of the start of a new cycle,” indicating a possible market shift as long-term support levels hold firm.
Technical Structure Suggests the 3rd Bull Wave Is Forming
The chart depicts three distinct phases within Dogecoin’s historical price movement. The first bull wave emerged in 2017, followed by the second in 2021 — both periods that saw sharp upward trajectories after price action held above the 25MA. Each phase began when Dogecoin broke its multi-year downtrend, confirming trend reversals and initiating new growth cycles.
The 2025 structure mirrors those earlier setups. After completing a retest near the lower ascending trendline, DOGE’s price is now showing strength as it reclaims the 25MA level. This moving average has historically acted as a dynamic support line across monthly timeframes, aligning closely with prior bullish turning points.
According to @EtherNasyonaL, the 3rd Bull Wave is not a matter of “if” but “when.” The statement reflects confidence in the chart’s long-term pattern consistency, supported by historical behavior of cyclical momentum. Technical readings suggest that the asset’s consolidation zone may represent accumulation before an upward breakout begins.
The trend channel displayed spans from 2014 through 2026, highlighting how Dogecoin’s macro market behavior remains structured within a steady ascending path. The chart also shows that price is gathering strength near the lower boundary, a level that has repeatedly produced strong rallies. If history repeats, the next cycle could propel DOGE toward upper resistance regions seen in prior peaks.
Market Context and Long-Term Projections
Dogecoin’s structure offers a rare example of consistent long-term cyclicality within the broader crypto market. The prior bull runs in 2017 and 2021 followed nearly identical technical triggers, reinforcing the predictive strength of the current setup. With the recent breakout above long-standing resistance and confirmation from the 25MA slope, the market’s focus now turns toward potential acceleration phases.
At the time of posting, DOGE’s technical foundation appears aligned with multiple supporting indicators, including trendline convergence and momentum stabilization. The recovery within the lower band of the long-term ascending channel indicates strength and possible trend continuation.
The mention of a “completed retest” further underscores that DOGE has successfully confirmed its new structural phase. Historically, such confirmations preceded strong rallies that defined earlier bull waves. Traders tracking this formation may find that the combination of trendline support and rising moving averages supports the thesis of a sustained bullish move into 2026.
Given its historical behavior, Dogecoin’s next price surge could mirror its past multi-year expansions, particularly as macro indicators improve across the crypto sector. With previous cycles showing exponential returns, the question now arises — could Dogecoin’s third bull wave mark the beginning of its longest and most powerful rally yet?
