Date: Thu, July 24, 2025 | 05:50 AM GMT
The cryptocurrency market is taking a dip after a strong multi-week rally, with Ethereum (ETH) retreating to $3,600 from a recent high of $3,875. This pullback has weighed on major memecoins, including Dogecoin (DOGE).
DOGE has slipped 11% today, trimming its monthly gains to 42%. But beneath the short-term dip, a potentially bullish fractal pattern is developing — one that closely mirrors the breakout setup recently seen in SEI.
DOGE Mirrors SEI’s Breakout Setup
A side-by-side look at DOGE and SEI’s daily charts shows a strikingly similar pattern taking shape.
After breaking out from a textbook falling wedge — a classic bullish reversal structure — SEI reclaimed its 100-day moving averages. These levels acted as a springboard, allowing SEI to correct inside its yellow resistance zone, dipping roughly 25% after clearing its 200-day moving average, before bouncing off that level for another powerful 56% upside rally.
Now, DOGE appears to be following that exact playbook.
Like SEI, DOGE has broken out of its falling wedge and reclaimed its 100-day MAs. It is currently pulling back after its breakout above the 200-day MA and is moving toward a test of the 200-day MA support near $0.2186, inside the yellow correction zone. If the fractal structure holds, this phase could be the setup for DOGE’s next major bounce.
What’s Next for DOGE?
If this fractal continues to unfold, DOGE could see additional downside toward its 200-day MA support at $0.2186 before a potential bounce. A breakout above the yellow resistance zone could then trigger DOGE’s next leg higher, with a projected target near $0.43 — representing a 50%+ rally from the current correction zone.
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