Dogecoin Price Primed for Explosive ATH Breakout – Here’s the Catalyst
Brace for liftoff—Dogecoin's meme-powered rocket has fresh fuel. Analysts now peg DOGE's odds of smashing past all-time highs as 'extremely high,' and the charts back it up.
Why the surge? Three brutal truths:
1. Whale wallets are gobbling up DOGE like Elon tweets free publicity. On-chain data shows accumulation patterns mirroring pre-2021 bull run behavior.
2. The 'Doge-verse' keeps expanding. Major payment processors quietly added DOGE support last quarter—retail adoption's creeping up while Wall Street pretends not to notice.
3. BTC halving ripple effect. History says altcoins bleed before they breed; DOGE's 18-month consolidation looks suspiciously like a coiled spring.
Of course, this being crypto, the 'extremely high' probability still leaves room for catastrophic failure. (Remember 2022? The 'stable' in stablecoin was... aspirational.) But with Dogecoin's cult following and improving fundamentals, betting against it now takes either nerves of steel or a death wish.
Dogecoin Price To Record New ATH Soon
According to a fresh analysis by crypto expert Javon Marks, the probability of Dogecoin setting new all-time highs in this cycle is “extremely high.” Marks’ outlines a compelling case by comparing Dogecoin’s current market structure with its historical price movements from 2014 to date, which appear to follow a repetitive pattern of consolidation followed by explosive upside.
In his chart analysis shared on the X social media on July 30, the analyst shows that DOGE has historically moved through phases of compression within wedge-like formations, followed by major breakouts to new all-time highs. During the 2016-2017 bull market, the cryptocurrency hit an ATH of $0.01877 after undergoing a long compression. A similar pattern unfolded in the 2021 bull rally, when the meme coin’s price surged to a fresh ATH of $0.739 after an extended period of tightening consolidation.
Currently, the chart structure is showing a striking resemblance to these past setups, with DOGE’s price coiling tightly NEAR a potential breakout point. With this in mind, the analyst predicts that the meme coin is on the verge of a massive price rally exceeding 226%, setting the stage for a possible break-through of the $0.739 ATH if momentum continues to build.
Based on the expert’s chart analysis, historical fractals further indicate the possibility of dogecoin surpassing the $1 mark to reach $1.42 or even $2.11. A surge to both targets would represent a significant gain of approximately 545% and over 830% respectively, from the current trading price of around $0.22.
Dogecoin Pullback Predicted Ahead Of Next Target
Crypto analyst Bitguru revealed in an X post that Dogecoin is showing signs of a pullback that could soon transition into a breakout. The expert’s analysis shows Doge recovering from the $0.2138 support zone that held firm following a recent decline from its local high of $0.2866.
Bitguru noted that Dogecoin’s decline was a healthy one, as it retraced back to test the previous breakout area. This pullback phase is showing signs of exhaustion, with the meme coin’s price now consolidating around $0.22. Notably, the analyst’s chart is reflecting a potential double-bottom structure, hinting at the possible formation of a bullish reversal pattern.
Building on this setup, Bitguru forecasts a potential 28.83% upside for Dogecoin, with price targets in the $0.24 to $0.25 range in the short term. If bullish momentum persists, the chart’s projected trajectory points to an extended MOVE near the $0.28 level.
