- Dogecoin is breaking out of a months-long falling wedge pattern, a bullish signal according to analyst @WorldOfCharts1, who previously predicted DOGE’s 3x rally in late 2024.
- If DOGE confirms the breakout above $0.17, it could target $0.39 short-term—and potentially $0.65 if history repeats itself.
- However, Bitcoin’s performance remains a key factor. If BTC pushes past $89K, DOGE could hit $0.26 quickly. But failure to hold above $0.15 may drag it down to support near $0.13 or even $0.11.
Dogecoin (DOGE) is doing that thing again—creeping out of a classic falling wedge, and one well-known analyst who nailed its last 3x run thinks we could be on the brink of another moon mission.
“Breaking crucial area, expecting solid bullish wave in midterm,” wrote World Of Charts (@WorldOfCharts1) on X, while dropping a 12-hour Binance chart that has traders buzzing.
Could DOGE Be Warming Up for Another 3x?
World Of Charts pointed back to an earlier April 13 post, where he said: “We caught this big move in Oct 2024… Dogecoin went more than 3×. Now again Doge on verge of massive breakout… expecting 3× from here.”
Looking at the chart? It’s been about five months of tight squeezing since DOGE topped out just under $0.48 last December. Price action since then has been locked under a descending resistance trendline, hovering in that mid-$0.155 range. The support? Right near $0.14—catching those wild wicks in March and April.
But now—finally—price is nudging out of the wedge for the first time in almost two weeks. And that might just be the spark.
Chart Targets and Symmetry Vibes
If DOGE follows through, World Of Charts’ setup shows a breakout starting around $0.17 and flying up to a target near $0.39—basically a 138% move. And hey, if this plays out like last year’s wedge, a run to $0.65 is technically on the table. Not guaranteed, of course… but definitely on the radar.
There’s also something poetic about the timing. This wedge has been compressing for nearly six months, just like the consolidation phase before DOGE erupted from $0.11 to $0.48 in late 2024. Volume’s thinning again—classic pre-breakout behavior—and momentum indicators are starting to lean bullish, especially as price flips above the 50-day EMA.
The Bitcoin Factor (Always)
Not everyone’s convinced it’s lift-off time just yet. Kevin (@Kev_Capital_TA) chimed in, saying the big key is still Bitcoin. “If BTC breaks above $89K and shows conviction upwards, I think Dogecoin gets back to $0.26 relatively quick,” he posted. That $0.26 level, he notes, aligns with the 0.618 Fib retracement from DOGE’s drop earlier this year.
But if DOGE can hold above trendline resistance and secure a daily close, the game might change fast. That would turn the current red resistance zone into solid support and open up higher targets. On the flip side, if price slips back under $0.15, watch out—a drop toward $0.13 or even $0.11 isn’t off the table.
At last check, DOGE was trading around $0.1641.
