The price of Dogecoin, currently negotiating below $ 0.2, seems to be prepare for an explosive movementTechnical analysts considering a potential rally of 500% in the coming months. After a period of Correction and consolidationThe structure of the graph suggests that a bullish break is on the horizon – which could take Doge beyond the $ 1 bar.
The analyst provides a 500% rally for the Dogecoin price
A new weekly analysis of graphics by the pseudonym analyst of tradingView Greencryptto revealed This Dogecoin forms a strong Ascending corner modelindicating a long -term upward trend since 2023. The trajectory of the on -board model suggests a potential upward continuation, with Dogecoin scheduled to reach a new summit of all time $ 1,161, representing an amazing gain of more than 582%.
The graph shows a strong historical symmetry, with previous upward waves after similar trajectories. Currently, Price Action shows that Dogecoin rebounds on higher stockings around the key support area at $ 0.11. With an increasing interest in the market for the same part, the next wave could reflect past performance, potentially perceive the Psychological resistance at $ 1.
Although it maintains a global positive perspective for the price of DOGE, Greencrypto has also highlighted a red zone, which indicates a potential decline zone. Based on the graph, $ 0.177 acts as a Critical support zone for DogecoinWho, if he does not hold above, his price could see an additional distribution.
Despite this lower possibility, the analyst shared a relatively favorable risk / reward ratio, placing a loss of stop at $ 0.1143. Greencrypto also scored $ 0.176 as a bullish entry point For traders interested in capitalizing on the escape of the expected prices.
If Dogecoin momentum continuesThe analyst has described several for -profit levels that traders may target to maximize gains. These levels include 0.22086, $ 0.30439, $ 0.40104 and $ 0.53436, with a final projected peak at $ 1,13,587 – representing a potential gain of more than 500% on the basis of current levels.
Doge Price Pump to report the Altcoin season
A new abbot case analysis, an crypto expert, implied that Dogecoin price movements generally act as a leader Altcoin season indicator. The analyst underlines how the pump at 300% of Dogecoin at the end of 2024 was a precursor of a mini-altcoin season which experienced many cryptocurrencies, excluding bitcoin, post-double and triple figures.
To support his theory, Abbé has provided a connecting visual analysis Dogecoin price action With the larger Altcoin season using two parallel graphics. The first graph, labeled Total2, represents the total market capitalization of Crypto, excluding Bitcoin. The second graph shows the Dogecoin movements from August 2024 to May 2025, with two Ascending canals Labeled as “Brewing of the Altcoin season”.
Currently, DOGE is negotiated in one of these bullish ascending channels, Abbé looking at an escape above the level of key resistance of $ 0.22 as a trigger for the next major rally. If history is repeated, it could point out the start of long -awaited Altcoin season.
Getty Images star image, tradingView.com graphic
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