Dogecoin (DOGE) is trading at $0.1968, up 1% in the past 24 hours as Bitcoin’s recovery above $111,000, optimism around potential Federal Reserve rate cuts, and expectations of a softer U.S. inflation report lifted overall market sentiment. Analysts now predict Dogecoin could rally up to 270%, citing a recurring chart pattern that mirrors its historical bull runs in 2017 and 2021.
Analysts See Pattern Repetition Before Major Upside
Crypto analysts Javon Marks and Trader Tardigrade (Alan) both argue that Dogecoin’s chart structure resembles the early phases of its previous cycles. Marks highlights a curved-base formation that preceded Dogecoin’s parabolic rallies in 2017 and 2021, noting that the same structure is once again visible on the long-term chart. He believes this setup could support a potential 270% rally from current levels if resistance breaks convincingly.
Trader Tardigrade’s analysis aligns with this outlook. His monthly chart shows Dogecoin in what he describes as the “final accumulation phase,” similar to the period of sideways movement seen before earlier bull market expansions. He identifies the $0.22–$0.25 zone as the key breakout range, suggesting that a confirmed move above this area could trigger a strong upward extension toward previous all-time highs.
DOGE Awaits Breakout Within Ascending Channel
Independent chart analysis confirms that Dogecoin price remains in a broad ascending channel between $0.16 and $0.30, which has defined its 2025 trend so far. The price is consolidating near $0.1968 within a symmetrical triangle pattern. This is a structure that typically precedes a breakout.
The 20-day exponential moving average (EMA) is positioned at $0.2073, while the 50-day and 100-day EMAs are clustered near $0.2213 and $0.2222, creating a strong resistance barrier just above current price levels. The relative strength index (RSI) currently reads 42.5, suggesting neutral momentum with room for upside if buying pressure increases.
If Dogecoin closes above the $0.22 resistance zone, it could confirm a breakout toward the $0.25–$0.27 range. The upper boundary of the channel is nearing $0.30, marking the next major resistance. Sustained momentum beyond that level could validate analysts’ projections of a 270% rise toward the $0.65–$0.70 zone. Conversely, a drop below $0.18 would invalidate this bullish structure and signal continued consolidation.
On-chain metrics further strengthen the bullish argument. Data from Santiment shows that large holders have been steadily increasing their Dogecoin positions. Wallets holding between 100 million and 1 billion DOGE now control over 29.17 billion tokens, the highest total since May. Similarly, addresses holding between 10 million and 100 million DOGE have increased their balances to roughly 24 billion.
This accumulation trend indicates growing confidence among major holders, a behavior historically observed during the early phases of Dogecoin’s past rallies.
Ecosystem Developments Bolster the Bullish Outlook
Several fundamental developments have also supported Dogecoin’s network and visibility in recent weeks. KuCoin launched KuPool, a mining pool service that supports both Dogecoin and Litecoin. The new service integrates verifiable hash rates and transparent reward mechanisms aimed at improving network fairness and decentralization.
In another move toward adoption, Thumzup Media is exploring Dogecoin as a payout method for its app users. The company holds 7.5 million DOGE in its treasury and is providing a $2.5 million loan to DogeHash to expand its mining fleet.
The House of Doge, an arm of the Dogecoin Foundation, acquired the Italian football club U.S. Triestina Calcio 1918. This marks the first time a crypto company has purchased a European team. The initiative will integrate DOGE for payments such as tickets and merchandise.
Meanwhile, 21Shares amended its S-1 filing for a spot Dogecoin ETF under the ticker TDOG, naming Coinbase as the custodian. The fund plans to use $1.5 million to purchase DOGE before its listing, signaling growing institutional interest in the asset.