DOGE News: Dogecoin Eyes Major Breakout with Potential $4.00 Target as 2017 Pattern Resurfaces

Dogecoin has seen a significant surge in value, sparking excitement among investors and analysts alike. Here’s a closer look at the latest developments and what they mean for the future of the memecoin.

Dogecoin Jumps 5%, Eyes Major Breakout as 2017 Pattern Resurfaces

Dogecoin surged over 5% to $0.186 after the Dogecoin Foundation bought 10 million DOGE. The memecoin reached an intraday high of $0.189, marking its strongest level in nearly two weeks. This recent upswing is fueled by macroeconomic optimism. Altcoin market cap rose to $1.08 trillion as funds rotated out of Bitcoin. Analysts predict DOGE could mirror the 2017 cycle, with potential targets up to $4.00.

Dogecoin Price CDD Signals LTH Accumulation—Why This is Key

The Coin Days Destroyed (CDD) metric of Dogecoin has provided insights into accumulation patterns for long-term holders (LTHs). A falling CDD indicates increased confidence in accumulation, while a rise suggests profit-taking and selling. For example, CDD increased when Dogecoin peaked at $0.46 in December and January 2025, indicating LTHs were distributing their coins into the market.

Dogecoin Price Prediction: Can DOGE Price Reclaim $0.22 Ahead of Quarterly Close?

Dogecoin is gaining back its lost attention after institutions filed for a potential DOGE ETF. The House of Doge (under the Dogecoin Foundation) launched the official Dogecoin Reserve with 10 million DOGE worth around $1.8 million, expected to speed up transactions and boost payment efficiency. The foundation is also in talks with the US government to accept DOGE for parking fees, utilities, and major sporting events. These developments and easing market dynamics have kept the Doge price up by over 10% since the start of the week, making market participants bullish on Dogecoin.