The Dogecoin worth is consolidating inside a key horizontal help stage of a Descending Triangle sample, recognized for sparking explosive strikes. Relatively than fading, worth motion seems to be compressing, setting the stage for a possible breakout above the $1 goal.
$1 Goal Again In Play As Dogecoin Holds Assist
Dealer Tardigrade, a distinguished crypto analyst, has issued one more bullish Dogecoin worth prediction, this time speculating that the primary meme coin might be gearing as much as surge above the long-anticipated $1 worth goal. The analyst’s chart, shared in a current put up on X (previously Twitter), highlights the completion of a Descending Triangle sample.
On the present non-logarithmic 1D chart, Dogecoin has accomplished three clear touches of the horizontal help, positioned across the $0.1369 stage. This help zone varieties the bottom of the triangle sample, whereas a descending resistance line connects decrease highs again to the $0.4835 peak in December 2024.
Based mostly on Dealer Tardigrade’s evaluation, this structural setup mirrors an early breakout sample from 2024, the place Dogecoin surged from the same help base round $0.0938 to just about $0.48 in just some weeks. On the time, this rally aligned completely with the two.786 Fibonacci Extension stage at $0.468.
Notably, the analyst tasks that if the Dogecoin worth can replicate the earlier cycle’s breakout behaviour and patterns, it may rally once more towards the subsequent 2.786 Fibonacci goal. This time, this extension aligns with the $1.09 stage, representing greater than 4 occasions the meme coin’s present market worth.
Supporting this bullish outlook is the repeating worth construction labeled “1-2-3” on the chart—a traditional signal of a number of checks of help that always precede a breakout. With the third contact now confirmed, and Dogecoin nonetheless buying and selling inside the Descending Triangle’s vary, the stage seems set for a possible explosive transfer to a brand new ATH. Dealer Tardigrade has illustrated this projected breakout state of affairs on his chart utilizing a sharply curved dotted arrow, indicating a robust transfer towards the $1 area by late 2025.
Historic Fractal Factors To Greater $4 Goal
In a newer macro-level technical evaluation of Dogecoin, Dealer Tardigrade examines Dogecoin’s month-to-month worth behaviour, highlighting placing similarities between its 2015-2018 cycle and the present multi-year sample forming since 2022.
Throughout the earlier cycle, DOGE rallied from roughly $0.0003 to $0.0026, earlier than peaking at $0.009. This bullish construction shaped proper after a protracted accumulation interval, adopted by a pointy vertical rally alongside a rising help trendline.
Now, Dogecoin’s present chart setup seems to be mirroring this historic fractal, exhibiting related rounded bottoms and base formations between 2022 and 2025. In consequence, Dealer Tardigrade predicts that the DOGE worth may first rally to $0.42 earlier than hitting an intermediate goal of $1.46. As soon as the worth crosses this stage, the analyst forecasts a fair greater breakout towards $4, representing a staggering 2,400% rally from the meme coin’s present market worth of $0.16.
Featured picture from Getty Photos, chart from Tradingview.com
Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent overview by our group of high know-how specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
