TLDR
- Crypto educator reveals decade-long logarithmic growth pattern with three major price cycles
- Technical analysis shows DOGE could reach $16 by 2025, representing 21x growth from 2021 peak
- Lower timeframe charts display bullish momentum with ascending triangle formation
- Trading volume increased 18% with whale accumulation up 12% over past week
- Current price around $0.19 suggests early accumulation phase of third major cycle
Dogecoin has captured attention from technical analysts who identified a long-term growth pattern spanning over a decade. Crypto educator Bitcoinsensus shared a logarithmic chart showing three distinct price cycles since 2014.
The $DOGE Chart No One Is Talking About🤫
The Dogecoin ($DOGE) macro chart tells it all. Since 2014, $DOGE has followed a logarithmic channel almost to perfection, bouncing between two parallel trendlines with each major cycle creating exponential gains.
From peak to peak,… pic.twitter.com/TXTSfbP15B
— Bitcoinsensus (@Bitcoinsensus) June 2, 2025
The first cycle occurred between 2014 and 2017. DOGE increased 10x during this period, rising from approximately $0.0001 to a peak near $0.001.
The second cycle ran from 2017 to 2021. This phase delivered a 37x increase, with DOGE reaching its all-time high of $0.73.
The chart suggests a third cycle may be beginning. This projection points to a potential target of $16 by 2025, which would represent a 21x increase from the previous peak.
Each historical cycle started from the lower boundary of the logarithmic channel. The rallies consistently ended near the upper boundary line of the same channel.
The logarithmic scale shows percentage changes rather than dollar differences. This method better captures exponential price movements that meme coins often experience.
Current price data shows DOGE trading around $0.1901 in June 2025. This level suggests the cryptocurrency may be in the early accumulation phase of its current cycle.
Short-Term Technical Analysis
Lower timeframe charts are showing bullish momentum according to Trader Tardigrade’s analysis from June 2, 2025. The technical setup includes an ascending triangle pattern forming near $0.168.
#Dogecoin LTF chart is brewing something exciting 🔥$Doge pic.twitter.com/cPKvC4ziqj
— Trader Tardigrade (@TATrader_Alan) June 2, 2025
Trading volume has increased across major exchanges. DOGE volume spiked 18% in the past 24 hours, reaching over 1.2 billion USD.
The Relative Strength Index sits at 62, indicating bullish momentum without overbought conditions. The MACD indicator crossed bullish on June 2.
On-chain data supports the technical analysis. Large holder netflows increased 12% over the past week, showing whale accumulation activity.
What Crypto Whales Are Buying for June 🐋📈
Despite a slowdown, big players are betting on potential June breakouts:
🔹 $DOGE — 30M tokens added by whales
🔹 $AVAX — 474% surge in whale netflows
🔹 $QNT — 1,083% rise in accumulation post-Fusion launchPlus, 3 meme coins… pic.twitter.com/VtjmnETvg6
— Wise Crypto (@WiseCrypto_) June 2, 2025
Daily active addresses rose 10% to 45,000 as of June 1, 2025. This metric indicates growing network usage and interest.
Market Context and Trading Levels
DOGE gained 3.2% in the last 24 hours as of June 2, 2025. The cryptocurrency also showed strength against Bitcoin, gaining 1.5% on the DOGE/BTC pair.
If the breakout occurs, DOGE could test resistance at $0.175. This level was last seen on May 28, 2025, according to historical price data.
A successful breach of resistance could push DOGE toward $0.20. This represents a psychological barrier with historical importance for the cryptocurrency.
Spot trading volume on DOGE/USDT pairs reached 800 million USD in 24 hours. This represents a 20% increase from previous trading sessions.
The correlation with stock market sentiment remains evident. DOGE’s price movements often mirror retail investor confidence in traditional markets.
Institutional crypto fund inflows increased 5% for the week ending May 31, 2025. This data comes from CoinShares and could support continued momentum.
The $16 price target would push Dogecoin’s market cap past $2.3 trillion. This calculation raises questions about the feasibility of such growth given current market conditions.
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