- Potential Breakout for Dogecoin: Crypto analyst MasterAnanda identifies a repeating chart pattern of three lows that previously led to a 380% surge in 2024, suggesting a similar setup could be forming, potentially pushing Dogecoin toward $0.70.
- Key Support and Resistance Levels: A descending wedge pattern has already seen a breakout, but the $0.145 support zone remains a critical level that may be retested before any significant move upward.
- Aggressive Buy Strategy: MasterAnanda is urging aggressive buying and holding through any dips, projecting a minimum target of $0.40 based on the current pattern, with a possible surge to $0.70 if the setup fully plays out.
Dogecoin is sitting at $0.169, pulling back from its late April spike to $0.19. Yet, even with this recent slip, the meme coin is holding stronger compared to its early April dip to $0.14. And according to crypto analyst MasterAnanda, this current structure might actually be laying the groundwork for a major breakout — one that could echo previous explosive rallies.
Chart Pattern Mirrors Previous Bullish Phase
MasterAnanda’s analysis hinges on a pattern of three distinct lows, marked as (1), (2), and (3), that he’s identified on Dogecoin’s daily chart. These three lows showed up between July and October 2024, each representing stages of correction before a massive rally. Now, in 2025, a similar pattern is emerging, suggesting a potential repeat of that bullish phase.
On the left side of the chart, the formation of a higher low at point (3) in September 2024 set off a powerful move that pushed Dogecoin up to $0.50. Fast forward to now, and the current (3) low is again shaping up as a higher low relative to (2). If the pattern repeats, Dogecoin could be on the verge of another significant breakout.
Descending Wedge Breakout and Support Levels
There’s another pattern in play here — a descending wedge that spanned February to April and has already seen a breakout. But despite that breakout, the $0.145 support zone remains a critical level. It’s been tested three times over the past couple of months and could potentially be retested again as Dogecoin completes its third low.
MasterAnanda’s Aggressive Buy Call
For those looking to jump in, MasterAnanda isn’t exactly playing it safe. In his TradingView post, he’s calling for aggressive buying and holding through any retracements. “This is not a time to sell Dogecoin,” he wrote, urging readers to treat any dip as a rare buying opportunity.
In 2024, the last time this pattern appeared, Dogecoin shot up by 380%, reaching $0.48. If a similar move plays out, a rally from $0.145 could send Dogecoin back toward $0.70, potentially touching its previous all-time high range. While MasterAnanda isn’t explicitly targeting such a wild surge, he does see a move above $0.40 as the minimum expectation.
Current Price Action
As of now, Dogecoin is trading at $0.1695, holding its ground while the broader market waits to see if this pattern plays out. With eyes on the $0.145 support and $0.40 target, traders are bracing for what could be the start of a significant breakout phase.
