{"id":2631,"date":"2025-06-21T14:57:08","date_gmt":"2025-06-21T14:57:08","guid":{"rendered":"https:\/\/www.europesays.com\/us\/2631\/"},"modified":"2025-06-21T14:57:08","modified_gmt":"2025-06-21T14:57:08","slug":"dogecoin-down-30-mirrors-2021-structure-prepare-for-a-potential","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/2631\/","title":{"rendered":"Dogecoin down 30%, mirrors 2021 structure: Prepare for a potential&#8230;"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\">DOGE is mirroring the patterns seen in the last two cycles, both of which preceded major rallies.\u00a0<\/li>\n<li style=\"font-weight: 400;\">Could this be the groundwork for its next breakout?<\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/dogecoin-news\/\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"internal\">Dogecoin [DOGE]<\/a> is quietly echoing its past playbook.\u00a0<\/p>\n<p>While the price is still miles away from its 2021 breakout highs, and down around 30% from just a month ago, the bigger picture looks familiar.<\/p>\n<p>In both the 2016\u201317 and 2020\u201321 cycles, DOGE <a href=\"https:\/\/x.com\/Bitcoinsensus\/status\/1936143020824371336?t=mxYXd4S7admJ-YMI6t96rQ&amp;s=19\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">chopped<\/a> sideways for about a year before launching into massive rallies. <\/p>\n<p>We\u2019re talking 5,000% in 2017 and a ridiculous 21,000% in 2021. It\u2019s not doing that yet, but the setup feels similar.<\/p>\n<p><strong>287% up, then silence\u2014But that silence says a lot<\/strong><\/p>\n<p>DOGE closed 2024 at $0.31, clocking a 287% yearly gain and reentering the top 10 crypto assets.<\/p>\n<p>That move reawakened retail speculation and triggered fresh FOMO\u2014albeit subtly.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/06\/1-5.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-503911\" class=\"wp-image-503911 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"DOGE\" width=\"1805\" height=\"878\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/06\/1-5.jpeg\"\/><\/a><\/p>\n<p id=\"caption-attachment-503911\" class=\"wp-caption-text\">Source: TradingView (DOGE\/USDT)<\/p>\n<p>DOGE isn\u2019t chasing parabolic highs\u2014at least not yet.<\/p>\n<p>What it is doing is holding its ground. Even after a 30% drop and amid a tough macro backdrop, its resilience stands out, especially for a <a href=\"https:\/\/ambcrypto.com\/category\/memecoins\/\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"internal\">memecoin<\/a>.<\/p>\n<p>According to AMBCrypto, it could be a sign of strategic accumulation beneath the surface, suggesting that bulls may be mapping out a familiar breakout structure.<\/p>\n<p><b>DOGE might be down, but it\u2019s not out<\/b><\/p>\n<p>A month ago, DOGE\u2019s Open Interest <a href=\"https:\/\/ambcrypto.com\/pi-networks-100-day-sprint-ecosystem-booms-price-reacts-whats-next\/\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"internal\">hovered<\/a> around $3 billion. At press time, it dropped to $1.74 billion. <\/p>\n<p>Interestingly, this move aligned with DOGE\u2019s breakdown below the key $0.20 support level.\u00a0<\/p>\n<p>However, if spot demand re-enters at these levels, it could mark a textbook \u201chealthy\u201d reset, one that follows a significant liquidity squeeze marked by aggressive deleveraging and a volatile macro backdrop.<\/p>\n<p>Adding to that, Dogecoin\u2019s 30-day Exchange Supply Change flipped negative as June began, hinting at steady outflows from major exchanges.<\/p>\n<p>For context, sustained net outflows across major exchanges suggest supply is moving off-market, hinting at strategic accumulation and underlying bullish intent.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/06\/glassnode-studio_doge-exchange-net-position-change.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-503954\" class=\"wp-image-503954 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Dogecoin exchange reserves\" width=\"2560\" height=\"1440\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/06\/glassnode-studio_doge-exchange-net-position-change.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-503954\" class=\"wp-caption-text\">Source: Glassnode<\/p>\n<p>Meanwhile, Active Addresses <a href=\"https:\/\/studio.glassnode.com\/charts\/addresses.ActiveCount?a=DOGE&amp;chartStyle=column&amp;s=1742722565&amp;u=1750498565&amp;zoom=90\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">climbed<\/a> back to 118,000 this week, up from sub-80,000 levels in mid-June\u2014marking a sharp on-chain revival.\u00a0<\/p>\n<p>Taken together, DOGE\u2019s 30% monthly drawdown begins to look less like a capitulation and more like a strategic accumulation window. The spot market may be preparing to absorb what the derivatives market flushed out.<\/p>\n<p>And the repeat cycle narrative?\u00a0 <\/p>\n<p>If DOGE continues to hold key support while maintaining low speculative pressure alongside increased retail and whale accumulation, the odds of a structurally similar breakout pattern don\u2019t seem too far-fetched.<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/487-mln-solana-on-the-move-whats-hidden-behind-this-transfer\/\" rel=\"prev nofollow noopener\" data-wpel-link=\"internal\" target=\"_blank\">$487 mln Solana on the move: What\u2019s hidden behind this transfer?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"DOGE is mirroring the patterns seen in the last two cycles, both of which preceded major rallies.\u00a0 Could&hellip;\n","protected":false},"author":3,"featured_media":2632,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[3244,64,67,132,68],"class_list":{"0":"post-2631","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114721943990916998","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/2631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=2631"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/2631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/2632"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=2631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=2631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=2631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}