<ul><li>Crypto analyst Joao Wedson suggests that Dogecoin (DOGE) may be on the verge of a major breakout, resembling conditions before its 2021 rally.</li><li>Key signals include a significant amount of short-side liquidity trapped around the $0.50 zone, DOGE/BTC pair approaching a critical support level, and the Meme Index showing signs of recovery.</li><li>Despite the total memecoin market cap being higher than in 2021, trader engagement is low, hinting at a potential capital rotation back into DOGE.</li><li>With liquidity buildup, historical support levels intact, and market conditions similar to pre-2021 rally, DOGE might be gearing up for a significant upward move.</li></ul>

Dogecoin Building for a Breakout? Analyst Spots Key Signals Resembling 2021 Setup

Discover more