Dogecoin’s Next Moonshot? Analysts Predict a Surge to $1!

Jakarta, Pintu News – Dogecoin may be preparing to make its next big move, based on a technical pattern highlighted by a crypto analyst named “Surf” on the X platform.

In his latest update, the analyst pointed to Dogecoin’s weekly chart which shows a familiar pattern that has previously been a harbinger of large price spikes for the meme coin.

Dogecoin Repeats the Same Wedge Pattern

The Dogecoin (DOGE) price chart from 2014 to present shows several falling wedge patterns, each of which was followed by a large price spike. The first pattern appeared in 2016 and was followed by a sharp spike in 2017.

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The second wedge pattern formed between 2018 and 2020, before a massive rally in 2021. Now, the third similar formation seems to be almost complete.

As of the latest weekly close, the price of DOGE is hovering around $0.22747 and is testing the upper boundary of the wedge pattern, suggesting a possible breakout. Historically, similar technical patterns on the Dogecoin chart have preceded parabolic price spikes.

If this pattern reoccurs, Dogecoin could potentially experience a strong upward trend, even more so when the broader market begins to turn its attention to the potential movement of altcoins towards the second half of 2025.

Although confirmation remains key, the appearance of this recurring structure reinforces bullish expectations.

However, the analyst did not provide a prediction of how far the Dogecoin price could rise if the breakout is confirmed. Meanwhile, more and more market observers believe that DOGE could reach the long-awaited $1 level.

In response to Surf’s update, one commenter mentioned that little more needs to be done before Dogecoin takes off. Another X user, Mark, said, “$1 is a magnet,” and Surf completely agrees.

On the other hand, there are also those who complain about the long wait for the breakout.

Dogecoin ready to skyrocket to near $1

Interestingly, renowned analyst Trader Tardigrade also shared a similar optimistic outlook on Dogecoin, this time based on a 3-day chart. In his analysis, Tardigrade highlighted the potential for a huge surge in DOGE to near the $1 level.

His confidence is also based on historical events, particularly at the beginning and end of 2024. During that period, Dogecoin broke out of its consolidation phase and surged by 242.65%, from $0.06613 in November 2023 to $0.2266 in March 2024.

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The price then corrected back to $0.08 in August 2024, forming a six-month consolidation.

However, after that DOGE brokeout again, this time with greater strength. From a low of $0.08083, Dogecoin surged about 500% to reach $0.4835 in December 2024.

Since that peak, DOGE has dropped to $0.1315 in April 2025. But according to the Tardigrade chart, the lowest price has already been formed. DOGE has recovered significantly from that point and is now trading at around $0.22747.

Tardigrade estimates that the ongoing rally could take DOGE through its record high of $0.73 and possibly reach the psychological target of $1.

He stated that Dogecoin is now “ready to take off,” as its “launch pad has been built.”

Another market watcher, Akbar Karimzsfeh, also expressed similar views in a separate analysis. However, according to him, DOGE’s potential to surpass its previous high is largely dependent on successfully breaking the resistance level at $0.49 – an area that was a barrier last December.

While acknowledging that Dogecoin is showing various explosive technical patterns, Akbar still cautions investors to be careful.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Basic Crypto. Can DOGE Hit $1 This Time, as Weekly Chart Mirrors Past Breakout Patterns. Accessed on May 28, 2025