Dogecoin Poised for Explosive Rally: Analyst Predicts Surge Above $1
Dogecoin (DOGE) could be on the cusp of a significant price surge, with a prominent crypto analyst identifying a familiar long-term chart pattern mirroring its pre-breakout phase from 2023 to 2024. Currently resting at a critical support level, the meme coin is projected to enter a new bullish cycle, potentially catapulting its value above the $1 mark.
Repeating History: The Path to $1
Crypto analyst Trader Tardigrade has made a bold prediction, suggesting Dogecoin could climb to $1.10 from its current $0.15 within the current market cycle. This forecast is anchored in the weekly chart, which shows DOGE's price settling on its support trendline for the third time in the 2021-2026 cycle. This pattern is nearly identical to the setup observed in late 2023, which prefaced a sustained uptrend throughout 2024, leading to the meme coin's mid-cycle peak. The uncanny resemblance in price action suggests that if history repeats, Dogecoin has considerable room for an upward movement. The chart analysis indicates that a similar three-close pattern at the support zone, followed by a sharp reversal, occurred previously. With the current pattern mirroring this alignment, and price consolidating around a rising trendline while forming higher lows, a powerful rally above $1 by 2026 appears increasingly plausible.
Bullish Momentum Building from Short-Term Signals
Further bolstering the bullish sentiment, Trader Tardigrade also highlights positive developments on Dogecoin's lower-timeframe charts. The two-hour chart reveals a decisive breakout from a Descending Channel that had previously constrained price action during DOGE's recent decline. This breakout, where the price line pierced above the channel's upper boundary, signals a notable shift in short-term momentum. This shift is reinforced by key technical indicators. The Relative Strength Index (RSI) has successfully broken above its resistance zone, while the Moving Average Convergence Divergence (MACD) histogram displays a robust buildup of positive momentum, with its bars expanding upwards. According to the analyst, Dogecoin's most significant bull rallies often begin with these early signals on lower timeframes before extending into larger trends. With momentum clearly on the rise, Trader Tardigrade believes Dogecoin is already in the initial stages of a fresh uptrend.
