The past few weeks have been a bloodbath for the crypto market. The crash that wiped out over $19 billion in a day following President Donald Trump's anti-China remark around mid-October is still haunting crypto traders.
Bitcoin (BTC) has lost more than 15% of its value over the last 30 days as it trades at $101,450.62.
Dogecoin (DOGE), the meme coin that parodies Bitcoin and has earned praise from Elon Musk , is faring even worse. It has lost more than 35% of its value within a month, trading at $0.1610 at the time of writing.
Over the past year, Bitcoin remains in greener pastures, up 33%, while Dogecoin has slipped 17% during the same period.
Analyst sees Dogecoin uptick ahead
However, there is one crypto analyst who is eyeing an upward trend ahead for the meme coin.
A pseudonymous analyst, who goes by the handle @butterfly_chart on X, shared DOGE's price analysis chart on Nov. 4.
The chart clearly shows Dogecoin price pattern over the June 2024-November 2025 period forming a symmetrical triangle. It is formed by a series of lower highs (descending upper trendline) and higher lows (ascending lower trendline).
Typically, such a pattern indicates a period of consolidation. It is a neutral zone, which means the asset's price can either go up or down further down the line.
In this case, the analyst predicted a bull run ahead for Dogecoin, saying it is facing the lower boundary of the triangle and "bullish pressure" is mounting fast.
"Stay alert because $DOGE could totally BURST from here."
Disclaimer:The information provided here is for general informational purposes only and should not be considered financial advice. You should consult with a licensed financial advisor before making any investment or financial decisions.
This story was originally reported by TheStreet on Nov 6, 2025, where it first appeared in the Trading News & Analysis section. Add TheStreet as a Preferred Source by clicking here.
