Dogecoin on the Brink of "Face-Melting Rally," Analysts Say Bullish Patterns Signal New Highs

Dogecoin (DOGE) appears poised for a significant upward price movement, with market analysts identifying potent technical patterns that historically precede explosive rallies. This popular meme coin is reportedly entering a critical phase, stirring excitement among experts who predict new all-time highs could be on the horizon.

The Rare "Bump & Run" Pattern

According to prominent market analyst Mikybull Crypto, Dogecoin's price action is currently tracing a rare "Bump & Run Reversal Bottom (BARR)" chart formation. This pattern, famously documented by Thomas Bulkowski with a historical success rate of 64-68%, suggests that DOGE has completed its "Lead-in" and "Bump" phases and is now in the crucial "Throwback to Trendline" stage. This particular phase typically ushers in a steep bull run. Following months of consolidation, the weekly chart shows DOGE successfully retesting its former downtrend line, which has now converted into a strong support level. If this pattern fully materializes, Mikybull Crypto anticipates a "face-melting rally," potentially propelling Dogecoin's price into the $0.70 to $0.85 range.

Golden Cross and Altcoin Season Trigger

Further reinforcing the bullish sentiment, crypto expert Cas Abbee highlights an impending "Golden Cross" formation on Dogecoin's daily chart. Currently trading at approximately $0.23, DOGE has been navigating an ascending channel and is approaching a critical upper resistance band at around $0.33. A decisive breach of this resistance could serve as a major catalyst not only for Dogecoin but for the broader altcoin market. Abbee emphasizes that a Dogecoin surge often signals the start of "altcoin season," a period where capital flows from Bitcoin into alternative cryptocurrencies, sparking widespread rallies across the sector. The $0.33 mark is therefore a pivotal threshold, forecasting rapid upward momentum towards the $0.37 area should a breakout occur.