- Bullish patterns like rounded bases, wedges, and triangles fueling momentum
- Whale accumulation and RSI/MACD signals support near-term lift
- Analysts eye breakout targets near $0.30–$0.65, some even see $1 potential
Recent technical analysis reveals multiple bullish setups forming on DOGE’s charts. A rounded bottom and symmetric triangle have emerged after months of sideways action—both classic breakout formations. Analysts spotted an Adam‑and‑Eve double‑bottom on weekly charts, suggesting upside toward $1.08.
On the 4‑hour timeframe, DOGE broke a descending channel—a repeat of its late‑2024 breakout—prompting some traders to project a parabolic surge toward $0.65 (~456% upside). Meanwhile, holding above horizontal and Fibonacci support around $0.225–0.26 sets the stage for major gains.
Indicators & On‑Chain Data Align
Momentum indicators back the case. RSI readings have jumped above 80 in some cases—characteristic of accelerating rallies. MACD crosses and bullish divergences reinforce potential breakout.
On‑chain, whale accumulation has surged—over 280 million DOGE bought in 24 hours—bringing large holder balances to multi‑month highs. This suggests institutional‑level conviction that DOGE is nearing a key reversal zone.
Price Targets: From $0.30 to $1
Several estimates reflect these technical setups:
- Moderate breakout: $0.30–0.35, in line with Fibonacci targets
- Extended rally: $0.65 if parabolic trend replicates late‑2024 pattern
- Bullish extremes: Over $1 via double-bottom pattern or wedge breakout
While hitting $1 would require continuation of current momentum and significant volume, it’s within the realm of analyst speculation.
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