DOGE’s Bullish Surge: Analyst Predicts $1.60 Target as Historic Pattern Repeats
Dogecoin (DOGE), the popular meme-inspired cryptocurrency, is once again in the spotlight as a technical analyst forecasts a potential rally to $1.60. This optimistic prediction is based on a recurring multiyear ascending wedge pattern, which has historically signaled significant price movements. The analysis, shared by pseudonymous trader Charting Guy on X, highlights DOGE's breakout from a key internal trend line that previously restrained its rallies. As of August 2025, this development has reignited bullish sentiment among crypto enthusiasts, suggesting that DOGE could be poised for a major upward trajectory.
Dogecoin Targets $1.60 As Historic Fractal Repeats: Analyst
Dogecoin, the meme-inspired cryptocurrency, is garnering bullish attention as a technical analyst predicts a potential surge to $1.60. A pseudonymous trader known as Charting Guy shared a daily chart on X, highlighting a multiyear ascending wedge pattern that suggests significant upside for DOGE.
The chart, tracking Binance's DOGE/USDT pair, shows Dogecoin breaking through a key internal trend line that previously capped rallies. Currently trading at $0.2219, up 8.7% on the day, DOGE has cleared Fibonacci retracement levels at $0.1399 and $0.20, with the next major resistance at the golden ratio of 0.618 ($0.2671).
Fibonacci extensions point to higher targets at $0.3362, $0.4232, and $0.5596, with the full retracement level at $0.7605. The most ambitious projection aligns with the wedge's upper boundary at $1.6017, a level that WOULD mark a staggering rally from current prices.
Dogecoin Whale Activity Signals Potential Market Upswing
Dogecoin (DOGE) is witnessing its largest whale accumulation since 2024, with over 1 billion tokens purchased in a single day. Analyst Ali Martinez highlights this surge as a bullish indicator, noting continued demand with an additional 230 million Doge scooped up shortly after.
The meme coin has outperformed expectations, showing robust technical strength amid a broader crypto rally. Market sentiment suggests DOGE may be positioned for a breakout toward all-time highs, fueled by accelerating institutional interest and retail momentum.
This activity coincides with positive sector-wide developments, including Ripple's recent acquisition news that appears to have catalyzed upward price action across digital assets.
DOGE Recovery Begins After Dip, Eyes $0.25 Breakout
Dogecoin has rebounded 29% from its $0.18 support level following a sharp decline from its recent peak of $0.25. Analysts identify $0.18 as a critical demand zone, with a potential breakout possibly driving the price toward $0.30. Whale activity has surged, with 1 billion DOGE purchased in 24 hours, now accounting for nearly half of the circulating supply.
Trading at $0.21, DOGE shows a 3% daily gain despite an 8% weekly loss. The $0.18 level has emerged as a key support zone after the cryptocurrency retreated from its $0.25 high. Market observers note renewed buying interest, with the 4-hour chart indicating strong momentum.
BitGuru suggests the recovery remains tentative but acknowledges that holding above $0.18 could pave the way for a retest of the $0.22-$0.25 range. A decisive MOVE beyond these levels would confirm a bullish reversal.
