Dogecoin Rebounds From 2023 Trendline for Third Time As Analysts Eye $0.50 Breakout

Dogecoin’s trendline rebound in April 2025 confirms long-term support since 2023.

Breakouts after parallel channels mirror Dogecoin's past cycle surge patterns.

Higher lows across trendline touches reveal strong bullish structure forming again.

Dogecoin’s current market structure reveals repeating historical patterns that technical analysts believe could indicate a major bullish move. Two prominent chart readings suggest the cryptocurrency may soon revisit previous highs following a strong technical rebound.

Trendline Bounces Reinforce Long-Term Support

Analysts tracking Dogecoin’s price action have identified a consistent trendline supporting the asset since late 2023. The structure reflects a steady price increase, marked by strong rebounds during correction phases. This long-term pattern has captured attention for its potential predictive reliability.

Setting the stage for a deeper technical evaluation, Kamran Asghar shared his interpretation of recent price movements near the trendline. The latest data confirms Dogecoin’s price rebounded again in April 2025, near $0.14, aligning precisely with the ascending support level. According to Kamran Asghar, this marks the third bounce from the same trendline since November 2023.

Source: Kamran Asghar

He has provided additional insights into how each bounce triggered renewed bullish momentum. Each event also established higher lows, reinforcing the overall upward trajectory. The analyst also pointed to a projected green arrow indicating a possible surge toward the $0.50 mark.

Kamran noted that the trendline has remained intact throughout multiple volatile phases. His evaluation highlights repeated cyclical rallies, signaling a consistent structural rhythm in the market. Peaks and retracements appear orderly, confirming the trendline’s importance as dynamic support.

No resistance levels or indicators like RSI or MACD are included in the chart. However, Kamran’s analysis relies entirely on price behavior and visual pattern strength. The chart’s minimal design emphasizes the power of trendline-based interpretation.

Channel Cycles Echo Historical Breakout Patterns

In an additional commentary, Trader Tardigrade offered a broader perspective focused on Dogecoin’s long-term behavior across three distinct market cycles. His analysis suggests a historical sequence of descending parallel channels followed by aggressive price breakouts.

Source: Trader Tardigrade

The current cycle, active since 2021, recently ended its third and final channel phase. According to the analyst, Dogecoin has now broken above this channel’s resistance, repeating a familiar bullish setup. This follows a 22-week compression phase that mirrors patterns from earlier cycles.

He noted that each cycle’s channel structure, though varying in duration, followed a predictable formation. Additionally, all breakouts occurred only after extended accumulation, underscoring market timing precision. These historical parallels support the idea of another potential breakout.

The charts exclude momentum or volume data, instead prioritizing clear technical formations. The use of logarithmic scaling enhances readability across large price ranges. The overall analysis emphasizes a repeating market rhythm stretching back over a decade.