Dogecoin Building for a Breakout? Analyst Spots Key Signals Resembling 2021 Setup
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jun 07 2025Potential Breakout for Dogecoin: Analyst Joao Wedson suggests that Dogecoin (DOGE) is nearing a significant breakout, drawing parallels to its explosive rally in 2021, with key indicators such as trapped short-side liquidity and historical support levels signaling potential upward movement.
Market Conditions Favorable for DOGE: Despite low overall trading volume and subdued trader engagement, the growing memecoin market cap and signs of recovery in the Meme Index indicate that DOGE could experience a capital rotation and surprise rally in the near future.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
