- Dogecoin is trading at $0.23, rebounding from $0.222 and holding a long-term bullish channel since 2021.
- Technical projections show an 800% rally could send DOGE beyond its $0.73 ATH toward $1.30.
- Analysts point to ETF speculation and repeated chart patterns as key catalysts for the next breakout.
Dogecoin has been quietly working on a rebound, bouncing from $0.222 in the last 24 hours and holding steady near $0.23 at the time of writing. On the surface it looks like just another meme coin move, but zooming out to the weekly chart tells a different story. The structure forming right now is eerily similar to past setups that sparked massive rallies. Analysts argue that if history repeats, DOGE could be sitting on a powder keg ready to send it far beyond its previous highs—potentially to the $1.30 mark.
Technical patterns have been the guiding light for Dogecoin’s wild rallies before. In late 2023, DOGE ripped 300% from consolidation, only to follow up with a 500% surge in 2024. Both times, the rallies began with a bounce off a long-term ascending trendline that has acted like the coin’s backbone since its breakout years ago. Now, according to projections, the next wave could be even more dramatic—an 800% climb that would break past its $0.73 all-time high and carry Dogecoin well into uncharted territory.
Pattern Repetition Signals $1.30 Target
Chart analyst Kamran Asghar highlighted this repeating structure on X, pointing out how each expansion phase has built on the last. His projection box shows DOGE’s potential for another monster rally, with the numbers pointing directly to $1.30 as the target. The idea here isn’t far-fetched when you consider Dogecoin’s history of exaggerated moves once momentum kicks in. For investors, the question is whether this setup plays out as neatly as it has in the past, or if the market delivers a twist this time around.
Another perspective comes from a broader look at Dogecoin’s price action since 2021. Analyst KrissPax plotted DOGE within a colored channel system. The orange line has consistently provided strong support, while the green midline has acted as a pivot, and the blue upper line continues to be the resistance ceiling. Right now, DOGE is trading between the orange support and the green midline—safely within the bullish channel. Breaking above $0.40 (the midline) would likely open the doors for a push toward $0.70, $1.00, and eventually a retest of all-time highs.
Dogecoin Bullish Structure Still Intact
Despite recent volatility, the larger bullish channel has remained intact since 2021. That alone suggests DOGE isn’t done yet. At $0.23, it’s currently consolidating near the middle of this structure, leaving room for another leg higher. KrissPax argues that as long as price action respects the channel, the meme coin’s bullish framework remains alive. Reaching the upper band again would bring it back to the $0.70–$1.00 range, putting $1.30 firmly on the horizon if momentum carries through.
Meanwhile, excitement is building around the possibility of a spot Dogecoin ETF. Investors are watching closely to see if U.S. regulators approve such a product, which could funnel a new wave of liquidity into DOGE. For now, price is creeping higher—up 1.1% in the past 24 hours—but the real fireworks may still be waiting.
