Dogecoin Surges Today (May 28, 2025) — Traders Say a Massive Rally Could Be Just Around the Corner!

Jakarta, Pintu News – Dogecoin (DOGE) has the potential to experience a major rally to reach double digits, as a bullish pattern repeats on higher timeframe charts.

Leading analyst, Trader Tardigrade, highlighted this pattern in his tweet on May 26, amid Dogecoin’s recent rise.

To give you an idea, the dog-themed meme coin seems to be bouncing back from the previous pressure, with a 4% increase from the weekly low of $0.219.

In addition, the latest analysis shows a number of positive developments, including the successful retest of the key support area as well as the formation of an initial higher-low pattern on the weekly chart.

These factors further strengthen the optimism that Dogecoin is on the verge of a higher price increase.

Dogecoin Price Rises 0.44% in 24 Hours

Read also: Dogecoin Price Prediction: DOGE Price Explosion Potential Reaches 48%!

On May 28, 2025, Dogecoin saw a modest 24-hour gain of 0.44%, trading at $0.2246, or around IDR 3,661. During the day, DOGE fluctuated between a low of IDR 3,624 and a high of IDR 3,778.

At the time of writing, Dogecoin’s market cap stands at around $33.57 billion, with trading volume rising 22% to $1.4 billion within 24 hours.

History Repeats for Dogecoin

Tardigrade traders noted that a repeating bullish pattern reappeared on the 1-month (1M) timeframe chart of DOGE/USDT.

In an analysis shared on the X platform, he highlighted that Dogecoin could potentially reach unprecedented prices if this pattern actually materializes.

In the included chart, it can be seen that Dogecoin has followed a similar price development pattern in the previous two cycles, each of which was followed by a parabolic price spike.

To illustrate, in the first cycle, Dogecoin formed a triangle pattern between January and August 2014, and then entered a rising channel with a 300% rally to $0.0005.

DOGE continued to move in this pattern until March 2017, when the price jumped 2,900% from $0.0002 to $0.0060.

Then, Dogecoin again formed another triangle pattern from its peak in January 2018 to March 2020. After that, DOGE formed an ascending channel and stayed within that range until November 2020.

At that point, the token experienced another breakout and recorded an incredible surge of 29,130% to reach its highest price of $0.76, before correcting to $0.32.

Interestingly, in the current bull market cycle, DOGE seems to be repeating the same pattern. It broke out of a descending triangle in October 2023 and broke out of a wedge pattern this month. Looking at this development, Tardigrade Traders predict a major price surge is imminent.

Specifically, he expects a rally of more than 5,163% from the current price, with a new price target high above $12.

Read also: 3 Recommended Memecoins to Sell This Week!

If this prediction is achieved, DOGE’s market capitalization would jump to around $1.79 trillion-more than four times the current valuation of Ethereum (ETH) at $317 billion.

Another Bullish Target for Dogecoin

Interestingly, Monday’s analysis comes after similar comments from Trader Tardigrade who also predicted a Dogecoin rally to the $6 mark. This market watcher highlighted another recurring pattern on Dogecoin’s 6-month chart, which he said could be the basis for a rise towards new highs.

Moreover, this prediction from Tardigrade Traders is in line with the trend of other bullish projections for Dogecoin.

For example, TradingView analyst Akbar Karimzsfeh also identified a breakout from a symmetrical triangle pattern, with a price target he set at $3.

Even so, Dogecoin still needs to break through important resistance levels if it wants to continue its price rise. Renowned crypto analyst Ali Martinez emphasizes that the supply zone around $0.25 to $0.26 is a crucial area. Dogecoin’s price reaction to this zone will largely determine the direction of its further movement in the short term.

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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:

• The Crypto Basic. Dogecoin History Is Repeating: Top Analyst Highlights Possible 5,163% Rally to Above $12. Accessed on May 28, 2025