The memecoins have gained huge attention, largely due to Elon Musk, who revealed his plans to save $2 trillion in taxpayer money during Donald Trump’s presidential campaign. Since then, the token has maintained a strong incremental range and is attempting to break above the multi-year consolidation zone. Moreover, the technicals have turned bullish in the long term, which suggests the memecoin is gearing up for another 2021-like bull run.

Ever since the DOGE price rose from a deep sleep, traders have become extremely optimistic about the upcoming price action. The pattern formed is similar to the 2021 bull run; hence, a similar outcome is expected to occur soon. The price is testing the upper resistance of the symmetrical triangle and the current market dynamics suggest a breakout could be mandatory. Besides, the RSI formation also displays a 2021-like pattern, which substantiates the bullish claim.

The DOGE price was about to experience a Golden Cross in a short time frame. Interestingly, it is expected to experience a similar event in the long term, which has raised hopes for a 2021-like bull run. Previously, when the Dogecoin price broke out from the consolidation, the levels soared from around $0.003 and marked the highs at around $0.72. Now that the levels are hovering around $0.17, a breakout may elevate the levels not only above $1 but could form a new ATH above a two-digit figure as well. $DOGE