The Dogecoin value is consolidating inside a key horizontal help stage of a Descending Triangle pattern, recognized for sparking explosive strikes. Relatively than fading, value motion seems to be compressing, setting the stage for a possible breakout above the $1 target.
$1 Goal Again In Play As Dogecoin Holds Support
Dealer Tardigrade, a distinguished crypto analyst, has issued yet one more bullish Dogecoin price prediction, this time speculating that the primary meme coin may very well be gearing as much as surge above the long-anticipated $1 value goal. The analyst’s chart, shared in a latest submit 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 support, situated across the $0.1369 stage. This help zone kinds 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 pattern from 2024, the place Dogecoin surged from the same help base round $0.0938 to just about $0.48 in only a few weeks. At the time, this rally aligned completely with the two.786 Fibonacci Extension stage at $0.468.
Notably, the analyst initiatives that if the Dogecoin value can replicate the previous cycle’s breakout behaviour and patterns, it might 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 value 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 move to a new ATH. Dealer Tardigrade has illustrated this projected breakout state of affairs on his chart utilizing a sharply curved dotted arrow, indicating a robust move toward the $1 region by late 2025.
Historic Fractal Factors To Increased $4 Goal
In a more moderen macro-level technical evaluation of Dogecoin, Dealer Tardigrade examines Dogecoin’s month-to-month value behaviour, highlighting putting 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 fashioned 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 historical fractal, exhibiting comparable rounded bottoms and base formations between 2022 and 2025. In consequence, Dealer Tardigrade predicts that the DOGE value might first rally to $0.42 earlier than hitting an intermediate goal of $1.46. As soon as the value crosses this stage, the analyst forecasts an even higher breakout towards $4, representing a staggering 2,400% rally from the meme coin’s present market worth of $0.16.
Featured picture from Getty Pictures, chart from Tradingview.com
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