Dogecoin Price Prediction: Chart Signals $1+ DOGE Imminent – Analyst Warns Bull Run Could Ignite Any Moment

Forget the memes—the charts are talking. Technical analysis on Dogecoin is flashing a signal that's got traders leaning in: a path to the elusive $1 mark appears to be forming. One prominent analyst suggests the fuse is lit; the next major leg up could start without warning.

The Setup on the Screen

The narrative isn't just hype. Specific patterns on the DOGE/USD chart are aligning in a way that historically precedes significant breakouts. It's a confluence of factors—support levels holding, key resistance being tested—that builds a case for a parabolic move. The analyst points to a precise formation that, if confirmed, projects a price target well above a dollar.

Timing the Tidal Wave

The most critical part? The catalyst. Market cycles, overall crypto sentiment, and even a few well-timed social media posts could be the spark. The analyst stresses that when these setups mature, the move is often rapid and brutal for those on the sidelines. It's not about *if* but *when* the dam breaks.

A Cautious Note for the Bulls

Of course, in crypto, every prophecy comes with a disclaimer. Chart predictions are a map, not the territory. They rely on history repeating—a concept traditional finance loves to mock until it's time for their quarterly earnings guidance, which is, itself, just a polished guess. The $1 target is a technical possibility, not a promise. Volatility remains the only guarantee.

The watchword now is readiness. The technicals suggest Dogecoin is coiling. If the analyst's read is correct, the market won't wait for a polite invitation.

However, trader Alan Tardigrade spotted an interesting duplicate of a descending triangle pattern that popped up back in 2024, and that led to a spike in the price of Doge shortly afterward.

Same as back then, the On-Balance Volume (OBV) technical indicator fell below a key area of support and then started to increase rapidly after DOGE broke the triangle.

Tardigrade predicts a potential MOVE to $1 if this happens. This is consistent with the kind of upside potential seen in 2024, when DOGE spiked from $0.10 to $0.45 in a matter of weeks.

Dogecoin Price Prediction: DOGE Could Drop By Another 31% Before the Next Leg Up Commences

Looking at Dogecoin’s chart, there’s still room for further downside before this next leg up unfolds.

Trading volumes have subsided on Christmas Day as most traders are away enjoying the holidays. Data from CoinMarketCap shows a 25% drop, accounting for 3% of the token’s circulating market cap.

The price just broke below the $0.13 support, and could now be heading to the $0.09 area. This means a 31% downside risk in the NEAR term.

The Relative Strength Index (RSI) has failed to move above the 14-day moving average and the mid-line for weeks. This means that bears are still in control of the price action as negative momentum readings continue to be high.

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