Can Dogecoin’s Price Launch a Third Bull Run After Charting Key Support?

Dogecoin has maintained its position near key support levels, suggesting potential for a longer-term rally. Technical analysis and market structure reveal patterns similar to past bull runs in 2017 and 2021. Dogecoin’s price chart exhibits an ongoing upward trend within a long-term channel, with the 25-month moving average (25MA) serving as both technical support and a sentiment indicator. Past cycles have shown that DOGE entered each bull phase after reclaiming the 25MA and maintaining it for several months. This time around, Dogecoin’s chart suggests potential breakout opportunities based on similar historical trends.