Key Insights:
- Dogecoin price retested the long descending trendline at $0.23 and confirmed a new level of support.
- Weekly bump-and-run pattern aims for $0.60-$0.70 if buying pressure holds and volume supports a confirmed breakout.
- Historical cycles of accumulation suggest a potential 150% increase towards new all-time highs.
Dogecoin price is indicating a decisive breakout after weeks of tight consolidation. The coin just tested a long descending trendline around $0.23 again.
This confirms new support and adds to bullish momentum. Analysts now expect a sustained move that could drive the DOGE price toward $0.60-$0.70 if volume builds.
Dogecoin Price Retests Long-Term Trendline Support
Analyst Mikybull Crypto highlighted that the Dogecoin price was forming a rare bump-and-run reversal pattern. This kind of setup often sees strong rallies as soon as it is confirmed, accompanied by high trading volume.
Mikybull’s chart shows that the lead-in and bump phases are done. DOGE price has successfully pulled back to the trendline, confirming the setup. Holding the $0.23 level is crucial for the next phase, which is expected to range from $0.60 to $0.70.
He noted that ignoring this pattern could result in missing a significant upward move. Rising volume during the breakout will confirm the pattern and attract long-term holders to accumulate.
This technical structure supported the view that Dogecoin is currently in an accumulation phase. According to Mikybull, sustained buying pressure could lead to the anticipated “face-melting rally.”
Dogecoin Price $1 Target is Inevitable
Interestingly, analyst Mags projected that the Dogecoin price could exceed $0.70 and reach $1. He said the breakouts in previous cycles have resulted in sharp gains.
Mags’ chart showed a repeated trendline break, followed by rapid upward-moving spikes. He believed that breaking past the $0.33–$0.35 resistance could spark a rapid price surge. DOGE price might then climb toward $0.60–$0.70 and eventually reach $1.04.
According to Mags, the coin’s steady pattern of increasing lows creates a strong foundation for another parabolic run. Sustained market momentum will be significant in validating this bullish path.
These structures, which break out very regularly, provide traders with a technical road map. They further boost the confidence that the top memecoin can revisit and surpass previous highs.
Channel Formation Supports $1.25 Long-Term Target
Similarly, crypto strategist Cryptollica provided a long-term outlook based on a broad ascending channel. His analysis placed the midline near $0.38, with the upper boundary at approximately $1.25.
He observed that the Dogecoin price has repeatedly defended the channel’s lower boundary through multiple market swings. The most recent retest of $0.23 shores up this support and clears the way for $0.60-$0.70.
Cryptollica added that clearing at $0.33 – $0.35, with substantial volume, is essential to a sustained rally. In the long term, this move may extend to the $1.25 top line of the channel.
If buying pressure can be sustained, and the broader crypto market experiences gains, the DOGE price may achieve this sustained upside. This view was in line with the coin’s historical tendency to respect the channel structure.
Multi-Year Accumulation Suggests New Highs
Meanwhile, analyst Javon Marks concentrated on Dogecoin’s recurring rounded base formations to predict future upside. His chart showed that similar patterns since 2014 have led to massive rallies.
Notably, the Dogecoin price traded at $0.23272, representing a 2.40% increase over the past 24 hours.
Marks believed there would be a 150% surge in height over the current level if the structure were to repeat. He emphasized the importance of support at $0.23 and regaining $0.33-$0.35 to initiate the next explosive rally.
These repeating cycles often move slowly at first and pick up when critical resistance levels are broken. According to Marks, the current configuration resembles past periods of accumulation preceding significant price surges.
The pattern-driven approach highlights the potential for Dogecoin price to revisit all-time highs. Hence, the move added weight to forecasts predicting significant upward momentum.
Moses K is a crypto journalist covering markets, regulation, and blockchain trends. He has written for The Coin Republic, Coinchapter, Cryptopolitan, Cryptotale, Coinspeaker, and MPost. Known for his concise, data-driven reporting, Moses focuses on price analysis, on-chain metrics, and policy developments shaping the global digital asset landscape.
