Dogecoin Set to Skyrocket? Here’s Why $1 Could Be Just the Beginning!

Jakarta, Pintu News – On a weekly time frame, the Dogecoin (DOGE) price is currently consolidating within a 50-week bullish Adam and Eve chart pattern.

The 25% rise in the past month could continue and push the price of DOGE up by more than 500% if it manages to break the pattern.

If a certain series of events occur in the next few weeks, the value of this dog-themed meme coin could potentially jump up to six times from its current price of $0.225 and reach a new record high.

Dogecoin Price Strengthens Inside Weekly Bullish Pattern

Over the past 50 months, Dogecoin’s price movement has formed arounded bottom pattern followed by a sharp V-shaped reversal, which together create an Adam and Eve pattern.

Read also: Dogecoin Crashes 7% Today—But Analysts Predict a Shocking 1,000% Rally Could Be Next!

As an update to the Dogecoin price prediction, if certain scenarios occur in the coming weeks, investors could potentially gain up to 500%.

The rounded bottom called “Eve” formed between May 2021 and December 2024. Meanwhile, the “Adam” section is a sharp V-shaped reversal that is still in effect today.

This Adam and Eve pattern will be complete if the Dogecoin price manages to turn the $0.440 to $0.569 zone into a support level. This zone is referred to as the neckline and connects the peaks of the Adam and Eve pattern.

The bullish target of this pattern is at $1,088, which is obtained by adding 90% of the depth of Eve’s section to the breakout point at $0.569.

Key Triggers that Could Push DOGE Up 500%

To complete the Adam & Eve pattern, Dogecoin would need to rise about 155% from the current price until it reaches the neckline at $0.568. After that, technical analysis methods predict an additional upside potential of 90% until reaching the theoretical target of $1,088.

However, the outlook for the crypto market remains unstable due to fears of a potential Bitcoin price drop.

Therefore, the right sequence of events for Dogecoin (DOGE) to score a 500% increase is as follows:

• Dogecoin price correction of 20% from the current level of $0.225 to the critical support level of $0.179.
• A surge in demand at this level triggers a base formation, followed by a significant rally from this point.

If such a scenario occurs, Dogecoin’s potential price increase could exceed 500%, provided that the Adam & Eve pattern is successfully completed and the theoretical target of $1,088 is reached.

Dogecoin Spot ETF Approval

Recent data from Polymarket shows a 68% probability that a Dogecoin spot ETF will be approved by 2025. Although the SEC briefly delayed the approval of a Dogecoin ETF, the chances are increasing.

In fact, spot ETFs for Ethereum (ETH) and Bitcoin (BTC) were also previously rejected twice before finally receiving approval.

Read also: These 3 Altcoins Are Ready to Explode If Bitcoin Continues to Soar!

Furthermore, according to on-chain data from analytics provider Santiment, whales have purchased a total of 3.42 billion DOGE since January 2025. At current prices, this amount is worth about $766 million.

This group of large investors is known for their strategy of buyingintothe dip and selling into therallies.

For example, between August and October 2024, whales bought 1.86 billion DOGE. After that, the Dogecoin price jumped by more than 400% in the fourth quarter of 2024, which was followed by profit-taking by the whales.

This latest accumulation action could be a strong indicator that large investors are preparing for a higher price movement of DOGE in the near future.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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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. On Chain Data Reveals Dogecoin Price Can Surge to $1 If These Catalysts Align. Accessed on May 30, 2025