Dogecoin is following historic market cycles, prompting predictions of a significant bull run in 2025.
Analysts note that Dogecoin's chart pattern resembles past trends, indicating a potential price breakout.
Increased interest in Dogecoin is evident through rising network activity, including volume and active addresses.
The chart analysis by @Bitcoinsensus shows repeating cycles in Dogecoin since 2016 with distinct phases of bear markets, sideways periods, and bull runs.
Newcomers are intrigued by the recognizable shapes formed by these market phases: steep declines for bears, flat lines for accumulation, and upward slants for bull runs.
A blue box on the chart signifies Dogecoin's current consolidation period, hinting at potential for a major price surge.
The 2024-2025 cycle is likened to a spring with built-up tension, poised for an upward breakout.
The increased network activity for Dogecoin includes a 41.12% rise in transaction volume and a 34.91% increase in daily active addresses.