• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown
Dogecoin gold cryptocurrency coins

Dogecoin Forms Similar Trend That Led To 2021 Rally, But There’s A Problem

Best Owie
by Best Owie
2 years ago
·
Posted in Dogecoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Dogecoin became one of the most popular cryptocurrencies in the last bull market after going on an impressive rally back in 2020 after forming a descending triangle. Even now, the meme coin continues to enjoy the spoils of that rally, remaining one of the largest cryptocurrencies in the space. The meme coin has now formed a similar descending angle, but the question is, can it replicate the same rally as 2020?

Dogecoin Coin Forms Descending Triangle Similar To 2021

In a Sunday post, crypto analyst @ali_charts on Twitter pointed out that Dogecoin’s chart had formed a similar pattern to one seen before the meme coin rallied in 2021. This pattern referred to as a descending triangle is usually seen right before a cryptocurrency goes on a massive rally.

Related Reading: Polygon Daily Users Surpass Ethereum, Solana As DeFi Activity Grows

The chart shared by the analyst shows an eerily similar movement pattern to DOGE’s price movements in the years leading up to 2021. And as this pattern has formed almost perfectly, the analyst expects that there could be a significant rally in the future of the digital asset.

DogecoinDOGE forms descending triangle similar to the one preceding 2021 rally | Source: Twitter

Now, the last time this happened, the price of DOGE exploded by over 2,300%, going from less than $0.002 to more than $0.6 in a matter of months. So if the pattern holds true in this case like it did before, then an exceptional rally could be on the horizon.

As with any analysis, the crypto analyst points out that he is currently waiting for confirmation on this trend. “I’ll be looking at a sustained monthly close above $0.80 for confirmation,” he said.

Why This Could Be Different

Although the descending triangle presented by the crypto analyst does look very similar to Dogecoin’s price movements before it rallied in 2021, there is one important factor that is missing from the current equation and that is billionaire Elon Musk’s relentless shilling of the cryptocurrency.

Dogecoin (DOGE) price chart from Tradingview.com

DOGE price pumped in 2021 as a result of Musk's Twitter posts | Source: DOGEUSD on Tradingview.com

Back at the start of 2021, Dogecoin was an obscure cryptocurrency, until Musk started posting about it on his Twitter account. Musk, who has hundreds of millions of followers, was arguably the sole reason behind DOGE’s 2,300% rally, and if it were to repeat itself, then something akin to Musk’s posts about the meme coin would have to happen.

For now, most of the billionaire’s time looks to be focused on Twitter, which he bought in 2022 for $44 billion. However, Musk wields more influence than ever over the crypto market and if he were to begin posting about DOGE once again on his social media platforms, then it could well trigger another massive rally. Otherwise, even a 50% jump from here without the billionaire’s influence would be impressive.

Related Reading: Max Pain As 83% Of SHIB Investors Are Seeing Losses, Is A Change Coming?

Nevertheless, DOGE is still maintaining its position as one of the largest cryptocurrencies in the space. It’s up 2.89% in the last day, bringing its market cap above $10.4 billion. This makes it the 8th-largest cryptocurrency ahead of heavy hitters such as Solana (SOL) and Polygon (MATIC).

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from iStock, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Best Owie

Best Owie

Follow

Best Owie is a Managing Editor at Bitcoinist with extensive experience and a proficient expert known for crafting captivating and insightful content. Best boasts over six years in the crypto sector, and has supervised the conception and publication of thousands of articles. Best is also a content and marketing strategist with the ability to make sure your content reaches the right audience and beyond. In every aspect, Best stands out as a consummate professional, always striving for unparalleled excellence both within and outside the workplace.

Full Profile

Related Posts

Dogecoin price

What To Expect From The Dogecoin Price In October After A Green Monthly Close

4 days ago
Dogecoin

Can Meme Coins Like Dogecoin And Shiba Inu Still Rally? What To Expect

1 week ago
D​​ogecoin

D​​ogecoin And XRP ETFs Are Almost Here With New SEC Move – Here’s The Next Important Date

1 week ago
DOGE ETF crypto hype: kan Dogecoin 1 euro worden

Dogecoin ETF Scores DTCC Website Listing, Only More More Step Before It Starts Trading

1 week ago
Dogecoin news

Dogecoin Price at $0.24 Faces Pressure as 21Shares DOGE ETF Lists on DTCC

1 week ago
Dogecoin

Analyst Calls Out Fourth Dogecoin Price Rally To Result In 520% Gains

1 week ago

Premium Sponsors

Press Releases

  • The Quiet Market Shift Investors Might Be Missing: How Tapzi Is Challenging Institutional Favorites

    The Quiet Market Shift Investors Might Be Missing: How...

    2 days ago
  • Investors Search for Long-Term Upside in This Under-$0.01 Crypto of 2025 Tapzi

    Investors Search for Long-Term Upside in This Under-$0.01...

    2 days ago
  • MoonBull Presale Explodes with over 11,800% Projected ROI as Uptober Sends the Market Soaring

    MoonBull Presale Explodes with over 11,800% Projected ROI...

    2 days ago
  • 狗狗幣引領『Uptober』Meme...

    2 days ago
  • ตัวละคร Snorter ขนฟูโต้คลื่นบนเซิร์ฟบอร์ดสีชมพู

    จับตา Uptober!...

    3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.