Date: Thu, July 17, 2025 | 06:50 AM GMT
The cryptocurrency market remains strongly bullish, with Ethereum (ETH) maintaining its upside momentum—posting a 9% daily gain and now approaching the $3,450 mark. This bullish momentum is spilling over into major memecoins, and Dogecoin (DOGE) is now emerging as a coin to watch closely.
DOGE has jumped 7% today, extending its weekly gains to 17%. But this isn’t just a case of short-term momentum — a closer look at the charts reveals a familiar bullish fractal pattern, strikingly similar to the one that recently played out in Bonk (BONK).
DOGE Mirrors BONK’s Bullish Breakout
A side-by-side comparison of BONK and DOGE on the daily chart shows an almost mirror-like setup. BONK broke out of a long-standing downtrendline, reclaimed the 100-day moving average (MA), and then exploded through the 200-day MA. That move triggered a 113% rally — and the upside continues.
DOGE now appears to be following that exact playbook.
It has already broken through its downtrendline and successfully reclaimed the 100-day MA. The next critical resistance? The 200-day MA, currently near $0.2208 — which is precisely where BONK triggered its explosive move.
What’s Next for DOGE?
If DOGE manages to close decisively above the 200-day MA with strong volume, it could unlock a potential move toward the $0.4350 resistance level — implying a rally of over 100% from current prices.
That said, confirmation remains key. Until DOGE clears that final hurdle and holds above it, there’s still a possibility of consolidation or rejection.
Still, the fractal resemblance to BONK is hard to overlook — and structurally, DOGE is setting up for a potentially significant breakout.
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