The short-term bubble risk of Dogecoin [DOGE] has risen to a critical level of 2.84, indicating that meme-based cryptocurrency may soon experience potential price adjustments.

Dogecoin is trading at $0.383, slightly down from the recent high of $0.42. This indicator suggests that traders should be cautious in building long positions under current market conditions.

The chart shows the correlation between DOGE's price and its bubble risk levels over the years, highlighting significant peaks that historically preceded market corrections.

This pattern suggests that investors should be cautious with Dogecoin, as the market may plunge again.

Historical rising patterns of Dogecoin.

The rebound pattern of DOGE after Bitcoin [BTC] halving events, especially in 2016, 2020, and 2024, indicates that Dogecoin's price movements exhibit remarkable symmetry in each cycle.

After Bitcoin halving in 2016 and 2020, DOGE experienced its first significant price surge, followed by a consolidation period, and then a second larger surge.

The cycle in 2024 is very similar to this pattern, indicating that historical behavior is repeating.

The chart clearly marks these phases: the initial surge (first rise), followed by a stabilization period (pause), and then a second stronger rebound expected to peak by 2025.

The current trend of Dogecoin suggests that after the surge following this year's halving, its price could rise to $20 by 2025.

Due to the short-term bubble risk of DOGE being at a high of $2.84, traders are showing caution, as its trading price is $0.38, and Dogecoin has struggled to extend its gains above $0.42.

Technical analysis suggests that a drop to $0.36 could become a key moment for accumulating the liquidity needed to push prices higher.

This setup aims to retest recent highs, providing a critical moment for Dogecoin to overcome bearish pressure.

Additionally, Dogecoin's search trends in November show a noticeable surge in interest, suggesting that its market price is about to skyrocket.

Trend data analysis shows that search activity peaked around November 5, coinciding with notable price fluctuations.

As interest wanes, prices decrease, showing a direct correlation between public interest and market behavior.

These trends are important indicators of how community participation can potentially drive price changes, generally signaling upcoming market movements. This observation is crucial for those looking to profit from Dogecoin's volatility.

The observed pattern supports the view that enhanced curiosity may soon translate into higher market activity for Dogecoin.

Dogecoin is expected to achieve significant gains in the coming weeks.

With the growing optimism around Dogecoin, DOGE is poised to soar; previously, he cited key price patterns on the chart, particularly the hidden bullish divergence, indicating that the dog-themed meme coin is building momentum and preparing to break out. Hidden bullish divergence typically occurs in downtrends, suggesting that bearish momentum may reverse or slow down.

Key patterns in Dogecoin's Relative Strength Index (RSI) within the 4-hour timeframe provide early signs of its ongoing upward trend, allowing the digital asset to reach higher highs.

Based on historical price trends, with DOGE having surged multiple times to market tops during the past two bull market cycles, it is expected that DOGE is preparing for the next major surge, with two significant price increases anticipated in the short term, and the market is confident about the short-term outlook for this asset.

If history repeats itself, the second surge will trigger a rise to the $4 threshold. But the bull market is just beginning, and it is pointed out that it is still too early to take advantage of the upward trend.

In short, with the increasing bubble risk of Dogecoin, caution is advised; if history repeats itself, DOGE will consolidate into a stabilization period, ready to welcome the next explosion, while its price trend mirrors that of Bitcoin during halving periods.