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Dogecoin has entered a fresh long-term bull wave, as its monthly chart shows a continued rise within a multi-year ascending channel, while the asset holds a zone that supported earlier cycles and now guides the third wave. The structure covers the first wave from 2014 to 2017, the second wave from 2018 to 2021, and the developing third wave through 2025. This chart framework aligns with the current position near the lower trend line, which often marks the start of each major advance.
The first wave began in 2014 and formed the earliest trend channel. Price moved within a narrow monthly range during the early years. Then it advanced toward the upper boundary as the period ended.
The structure created a rising lower trend line. That line supported the next market cycle. The channel also defined the first broad expansion zone.
This early wave set the framework for future movements. Later waves respected the same directional slope and extended their trajectory. Therefore, the market treated it as a primary reference zone.
The second wave started after 2017 and continued through the 2021 advance. It moved inside the same channel. Then it rose sharply toward the upper region during the peak.
After the rise, the price pulled back. Yet it stayed inside the extended structure. This created continuity across both cycles. It also preserved the long-term directional path.
The second wave remained active for several years. During this period, monthly candles stayed aligned with the midline slope. As a result, price respected support levels already shaped by the first wave.
The current wave began after mid-2024. Price now sits near the lower boundary of the channel again. This region previously triggered strong upward movements in earlier cycles.
Monthly candles show a tight formation near this zone. Trend behavior within the structure remains consistent. The asset continues to track the defined slope as the new cycle forms.
A projected arrow in the chart indicates the expected direction of the rising trend. It points toward the midline and higher channel bands that guided the previous two waves. Could this structure shape another significant upward cycle?
The full chart spans from 2014 through 2029. It shows three parallel ascending channels. Each channel includes clear support and resistance levels formed by earlier price behavior.
These channels guide each bull wave. They also create predictable movement ranges. Price reacts to the lower pathway before advancing toward higher bands.
The steady alignment of waves suggests a repeating structure. Every cycle begins near the lower edge, then rises. Each wave builds on the previous one and maintains the same long-term trend line.
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Dogecoin continues to track a multi-year rising structure that shaped its earlier cycles, and its position within the lower channel zone signals the start of a new bull wave. This framework offers traders a clear reference as the asset moves through its next monthly trend phase.
