Dogecoin Primed for "Face-Melting Rally" Towards $0.8 All-Time High, Analysts Predict Dogecoin (DOGE) is exhibiting strong signals of entering one of its most potent bullish phases yet, with leading analysts forecasting an explosive upside rally. Technical indicators suggest that the popular meme coin could be on the verge of hitting new all-time highs, with a prominent $0.8 price target firmly in sight.
Analysts Double Down on Bold Dogecoin Forecast
Mikybull Crypto, a respected market expert on X, reveals that Dogecoin has successfully completed the critical phases of a "Bump and Run reversal chart pattern." This particular formation is historically known to precede significant price breakouts. With Dogecoin's price action already reclaiming its key trendline, Mikybull has reinforced earlier predictions, pointing to an imminent surge towards the $0.8 level. The analyst's shared chart illustrates a textbook Bump and Run reversal, characterized by a lead-in phase, a 'bump' phase, and a breakout, followed by a retest of previously broken resistance now acting as support. This "throwback" is often seen as the last accumulation opportunity before a major rally, with Dogecoin's weekly chart mirroring this structure. Mikybull, closely tracking DOGE's macro setup, asserts that "the main bullish rally is about to kick off," a move he previously dubbed a "face-melting rally" due to the pattern's rarity and reliability. Currently trading just above $0.25, a push to $0.8 would represent an impressive 220% gain, surpassing its 2021 record high of $0.73 and establishing a fresh All-Time High with an additional 9.6% upside.
Breakout Structure and Institutional Interest Fuel Optimism
Further reinforcing the bullish narrative, fellow crypto market expert Unipcs on X provides a similar outlook. His technical analysis highlights a "tightening wedge structure" where Dogecoin had been consolidating below long-term resistance while forming a series of higher lows. The recent breakout from this compression zone has solidified the meme coin's bullish trajectory. Unipcs provocatively reiterates that "DOGE to $1 is a meme until it isn't," suggesting the long-anticipated push towards the psychological $1 price point is increasingly plausible. He anticipates an aggressive market move from Dogecoin that could trigger significant positive spillover effects for other major meme coins. Earlier, Unipcs noted Dogecoin’s strong bullish structure on the Higher Time Frame (HTF), coinciding with expectations of FED interest rate cuts and the DTCC listing of a new Dogecoin ETF in September. This confluence of factors, coupled with accumulation by Digital Asset Trusts (DATs) and institutional players, underscores the robust bullish sentiment surrounding Dogecoin's future price action.
