Dogecoin Jumps 2% — Could This Meme Coin Rocket to $1 Before 2026?

Jakarta, Pintu News – Dogecoin (DOGE) price has remained above key support levels despite the overall crypto market weakness. Analysts noted bullish wedge breakouts and five-wave structures patterns.

This top meme coin is expected to break the $0.30, $0.50, and even up to $1.00 levels if the bullish trend continues.

Dogecoin Price Rises 2.81% in 24 Hours

On August 4, 2025, Dogecoin posted a modest 2.81% gain over the past 24 hours, trading at around $0.2017, or roughly IDR 3,327. During the session, DOGE dipped to a low of IDR 3,232 and climbed to a high of IDR 3,354.

At the time of writing, Dogecoin’s market cap stands at around $30.34 billion, with trading volume dropping 46% to $1.25 billion within 24 hours.

Read also: Bitcoin Stalls at $114K — Is a Crash to $70K Next?

Dogecoin Price Holds above Support

Dogecoin price remains in a broad wedge formation after being rejected around $0.25 earlier in the week.

On the 2-week chart, Tardigrade Trader analysts identified a clear 5-wave structure pattern within the descending broadening wedges. Meanwhile, the stochastic oscillator on the chart turned up, signaling a shift in momentum.

Interestingly, each wedge in the previous sequence ended with a wave V breakout that rose decisively. The current formation has a similar pattern, where the top of the fifth wave coincides with the price rebound testing its diagonal resistance.

This stochastic pattern is similar to the lows that occurred in July and October 2024. In both instances, the breakout occurred after a stochastic reversal to the upside.

If this cycle repeats, Dogecoin price could potentially approach $0.30 in the coming sessions. In addition, the daily RSI remains above the 50 level, signaling the continued dominance of the medium-term bullish trend.

Multi-Year Triangle Breakout Drives DOGE Chance Toward $1

In addition, analyst Don highlighted the presence of a large symmetrical triangle formation on the 1D chart that has been forming since early 2022.

The chart displays mutually narrowing trendlines, with DOGE prices bouncing between them for over 30 months. This structure suppresses volatility, which is usually a sign of the next phase of expansion.

Don stated that there is a “99% chance” that the Dogecoin price will hit $1 from this pattern. His confidence is based on DOGE’s historical tendency to sharply break out of triangle patterns.

Read also: Ethereum Surges 3% Today — But Is a Drop Below $3,000 Looming?

Previous cycles have also seen exponential price spikes after long periods of consolidation, which are generally triggered by external factors.

The apex point of the triangle is expected to occur in October 2025, while the DOGE price is currently trading slightly below the midpoint at $0.195. Volatility has reduced considerably as the DOGE price approaches the tip of the triangle, which is a hallmark of a breakout cycle.

Simultaneously, a break above $0.26 will break the upper trendline resistance and open the way to higher levels. In Don’s projection, the $1 level is the breakout target, with $1.10 as the follow-up projection.

If trading volumes start to increase and market sentiment improves, DOGE could potentially gain momentum quickly.

DOGE Weekly Wedge Confirms Higher Lows Pattern

GalaxyBTC analysts shared a macro view of DOGE’s weekly price chart. The chart shows that the Dogecoin price formed a series of broadening wedge patterns over the past five years.

Interestingly, the levels in each pattern show higher highs and higher lows, indicating long-term accumulation.

Dogecoin’s wedge pattern started forming after the 2021 peak and continued throughout the bear market. The bottom of the wedge around $0.11 has been tested several times, and each bounce forms an increasingly strong foundation. The DOGE price recently broke through that level again before bouncing to $0.24.

Galaxy analysis emphasizes the continuity of the structure. Every wedge breakout in the past has been followed by a strong rally. If the current wedge holds, the next leg up could potentially retest the 2021 peak. A pattern of rising lows at $0.18, $0.13, and $0.19 with support at $0.11 forms a clear upside base.

Key resistance of the Dogecoin price trendline crosses around $0.30. A break above that level would complete the wedge breakout. As long as the price of this meme coin does not close below $0.11, the overall uptrend is maintained.

Amidst this bullish Dogecoin news, recent predictions suggest DOGE could surge close to $1 if the current momentum holds. Some of the positive indicators that analysts highlight to support the continued rally include a double-bottom formation and accumulation by whales.

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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:

• Moses K. Dogecoin Price Breakout Setup Could Trigger $1 Before 2026. Accessed on August 4, 2025