Dogecoin Set to Explode? Analyst Predicts 10X Surge on the Horizon!

Jakarta, Pintu News – The Dogecoin DOGE->Current DOGE PriceRp 0Market Cap-Trading Volume-Circulating Supply- price is back in the spotlight for technical analysts, as a number of chart formations point to a potential major rally in the meme coin.

According to some analysts, the current price of DOGE displays a combination of technical indicators and chart structures that hint at a possible 10-fold increase.

Some of the patterns observed include the breakout of the triangle formation, the formation of the “cup and handle” pattern, and the similarity of the price movement pattern with the 2017 bull market.

This combination of technical signals further strengthens the prediction of a major surge in the Dogecoin price.

Dogecoin Price Prediction: Chart Patterns Show 10X Upside Potential

In a recent post on platform X, an analyst named Trader Tardigrade shared a chart showing the MACD (Moving Average Convergence Divergence) indicator breaking out of a triangle formation.

Read also: Crypto Analyst Predicts Dogecoin Price Could Potentially Break $3!

This pattern has historically been associated with strong upward momentum in the Dogecoin price. This MACD breakout is also accompanied by a “rounded bottom” pattern, which usually signals a preparatory phase before a bullish price movement.

Interestingly, on previous occasions in September and March, a MACD breakout pattern from a triangle formation also occurred. In both cases, the breakout was followed by a rapid surge in the Dogecoin price.

These historical movements indicate that the current meme coin rally could take Dogecoin to a new all-time high.

The MACD lines have crossed again in recent sessions, and the indicator has moved above the descending trendline of the triangle. Analysts see similar conditions to those of the previous rallies. The upward curve in the price structure reinforces this breakout narrative.

Meanwhile, following the latest move by the House of Doge, market analysts expect a 16% increase in Dogecoin’s price as bullish momentum builds.

Cup and Handle pattern hints at a rise towards $2.00

According to analysis from Crypto Elites, the price of DOGE is currently forming a cup and handle pattern, which is a technical formation often associated with the continuation of bullish trends.

The rounded bottom of the cup has been formed, and now the price is entering the phase of forming a handle. This pattern usually indicates a breakout when the price manages to break the resistance area at the top of the formation (neckline).

The key resistance level is around $0.185. If the price manages to break this level convincingly, then the opportunity for a sharp upward movement will be wide open.

Based on this chart pattern, the projected price target is in the range of $1.85 to $2.00. This projection is calculated from the depth of the cup formation formed.

Read also: Dogecoin Jumps 2% Today (March 27) After Crypto Whale Scoops Up 200 Million DOGE!

However, the analyst also noted that the current price drop towards the lower area of the handle could act as a support zone. Historically, this area is often the point where momentum begins to build before a breakout occurs.

Current Dogecoin Price Movement Similar to 2017 Cycle

Simultaneously, KrissPax analysts identified similarities between Dogecoin’s current price movement and the bullish trend that occurred in 2017.

In a post on platform X, KrissPax shared a chart comparing the two periods, and pointed out that the current price phase of DOGE is very similar to the structure before the previous big spike occurred.

Based on the chart, the current meme coin cycle has the potential to surpass the previous all-time high price.

KrissPax projects that Dogecoin could go up to $4 in the event of a second major breakout, following a similar pattern as what happened in 2017. While this is a long-term scenario, this prediction is based on repeated patterns observed from previous market cycles.

The latest report from CoinGape also supports the bullish view of the DOGE price. The report states that if the price is able to break the resistance above $0.18, this could trigger a big rally of the meme coin that could even potentially head towards the $20 level.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Dogecoin Price Set to Rally 10x Amid This Bullish Pattern. Accessed on March 27, 2025