Analysts Identify Familiar Pattern Indicating Dogecoin's Potential Third Major Cycle

Third Major Cycle Formation: Analysts suggest that Dogecoin (DOGE) is entering its third major cycle, following historical patterns observed in 2017 and 2021, characterized by consolidation followed by sharp breakouts.

Whale Activity and Market Dynamics: Over 3 billion DOGE has been sold by whale wallets in the past month, indicating a redistribution phase that often precedes upward price movements, despite potential short-term selling pressure.

Chart Analysis and Future Projections: Technical analysis shows that Dogecoin's long-term chart exhibits similar geometric structures across cycles, hinting at a potential new price rally that could rival its previous highs.

Market Context and Speculative Trends: As the broader crypto market transitions, Dogecoin may attract speculative capital, particularly during euphoric phases, suggesting it could outperform as retail interest grows in a risk-on environment.