A notable pattern observed by cryptocurrency analyst Bitguru may signal that Dogecoin’s price is about to experience another major rally. This pattern has previously triggered two similar upward moves. Therefore, the analyst expects that once this pattern forms again, Dogecoin will replicate its previous performance, and this is not without reason.

The trend emphasized by this cryptocurrency analyst relates to Dogecoin’s overall price movement during each rally. So far, each rally appears to be highly similar to others, with the same conditions emerging each time and leading to comparable results. Each rally must go through three stages:

First, Dogecoin’s price plunges, causing a surge in demand;
Next, there is a period of price consolidation; and finally, after finding support, the price rebounds again. This trend first appeared in the second quarter of this year, when Dogecoin’s price was moving toward its first peak in 2025. Initially, the price of this meme token fell sharply, followed by a recovery in demand.

Then came a rapid consolidation phase, but when the price found support below $0.15, it eventually rebounded nearly 100%, climbing above $0.28 before beginning to fall back. A similar trend occurred in the third quarter, which the analyst highlighted in the chart.

The same three steps occurred in sequence: demand plummeted, followed by a consolidation phase, then support was found, triggering a rebound that nearly doubled the price. Currently, the analyst explains that Dogecoin’s price has pulled back to near the $0.15 support level after consolidation. This suggests that the meme token could be on the verge of a new rally.

Is 100% growth possible?
History rarely repeats itself, but it often rhymes, and the analyst’s chart shows Dogecoin’s movements this year reflect this principle. Given this, the trend may continue for some time, meaning Dogecoin’s price could rebound quickly once support is established. If a similar outcome occurs, Dogecoin's price could double from current levels. Since the price is still hovering around $0.15, this means that by the end of the current trend, Dogecoin’s price could reach as high as $0.3.