I noticed an interesting dynamic with Doge over the past few months. If you look at the chart from October 2023, when there was a local minimum, you can clearly see a bullish megaphone pattern that lasted almost the entire bull cycle.

This looks like one large accumulation phase, similar to the overall altcoin market in general.

What’s particularly interesting here is that this pattern closely resembles the classic Livermore cylinder, which Jesse Livermore developed nearly a century ago.
Yes, it’s a historical trading pattern, but its principles still work on modern financial assets.
When I applied the Livermore cylinder to this Doge megaphone, I noticed that the main characteristics of the pattern match — clear bullish and bearish legs are visible.

According to this model, the market is now beginning an aggressive breakout above the cylinder boundaries.
Accumulation is technically complete.
It was previously believed that target levels around $1.50 and $12.00 were possible, but we see that the price remains at around $0.11.
This means either the Livermore cylinder needs to be re-evaluated for the current cycle, or we are still in a consolidation phase.

It’s important to understand that even if the initial target levels weren’t reached within the expected timeframe, the pattern’s structure remains valid.
The market may reprice the timing, but the geometry of accumulation stays intact.
The maximum of the previous cycle was at $0.73 — an important level to watch.
If a breakout occurs, the next target levels will become clear from the same Livermore cylinder model.

Right now, it’s interesting to see how Doge will behave moving forward.
The pattern shows potential, but reality could be more conservative.
Everything depends on how strong the next rally will be.