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Dogecoin (DOGE), the internet’s most famous canine-branded cryptocurrency, could be preparing for its next major price move — and analysts say the $1 target is still in sight.
A growing number of crypto traders are pointing to a repeating chart pattern that has historically led to massive rallies in DOGE’s price. According to a recent technical analysis shared by a well-followed analyst known as “Surf” on the X platform, Dogecoin is once again showing signs of a breakout from a familiar pattern that has previously preceded large upward moves.
Familiar Wedge Pattern Appears Again
Surf’s analysis focuses on Dogecoin’s long-term weekly chart, which shows a falling wedge formation — a pattern where price gradually contracts within two downward-sloping trendlines. This pattern is often viewed as bullish and has appeared on Dogecoin’s chart several times in the past.
The first occurrence of this pattern happened in 2016, followed by a breakout in 2017 that pushed prices sharply higher. A similar wedge formed between 2018 and 2020 and preceded the explosive 2021 rally that saw Dogecoin reach $0.73.
Now, in 2025, a nearly identical setup appears to be forming again. As of the latest weekly candle, Dogecoin is trading around $0.227 and testing the upper boundary of the wedge. If history is any guide, this could be the start of a strong upward move.
Rising Hopes for a $1 Target
While Surf stopped short of predicting an exact target, many in the community believe that if this breakout occurs, Dogecoin could push closer to the long-anticipated $1 mark. One follower of Surf’s chart noted, “$1 is a magnet,” a sentiment Surf agreed with in his response.
Some investors expressed frustration about the long wait for Dogecoin to break out decisively. But seasoned traders argue that patience might soon pay off.
More Analysts Back the Bullish Case
Crypto analyst Trader Tardigrade also shared a bullish perspective, analyzing Dogecoin’s 3-day chart. Tardigrade noted that the recent price structure resembles previous rallies that saw DOGE jump over 500% in a matter of months.
In late 2023, Dogecoin surged from $0.066 to over $0.22. Then, following a dip back to $0.08 in mid-2024, the coin skyrocketed again — reaching $0.48 by the end of the year. After a correction to $0.13 in April 2025, Dogecoin began another steady climb to its current levels near $0.23.
Tardigrade believes this structure signals the beginning of a new bullish phase. “The starthas been built,” he wrote, predicting that DOGE may not only revisit its all-time high of $0.73 but could break through and move toward the symbolic $1 mark.
Key Resistance: The $0.49 Level
Not everyone is convinced that a breakout is guaranteed. Market observer Akbar Karimzsfeh agrees that Dogecoin is showing strong signs of a potential surge but highlighted one critical technical barrier: the $0.49 resistance.
This level served as a ceiling during DOGE’s run in December 2024. According to Akbar, successfully closing above this resistance is essential for any move toward $1. Without this breakout, the bullish scenario remains unconfirmed.
Still, Akbar admitted that Dogecoin is displaying a combination of technical indicators that support a long-term uptrend. Like other analysts, he encouraged caution but acknowledged the growing strength in the price structure.
Broader Market Support Could Fuel the Move
Dogecoin’s fate may also be tied to the broader altcoin market. Many traders expect that the second half of 2025 will see renewed interest in non-Bitcoin cryptocurrencies. If that shift happens, and liquidity begins flowing into altcoins, DOGE could benefit from this market rotation.
Historically, Dogecoin has seen large gains during periods of increased speculative trading across the altcoin sector. This pattern could repeat if optimism returns to the crypto space following regulatory clarity or stronger macroeconomic conditions.
Current DOGE Market Snapshot
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Current Price: $0.227
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Market Cap: $34.5 billion
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24-Hour Trading Volume: $1.45 billion
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Circulating Supply: 149.44 billion DOGE
Despite recent price corrections, Dogecoin remains one of the top cryptocurrencies by market cap and continues to enjoy widespread community support.
What to Watch Next
Traders and investors are now watching for a confirmed breakout above the wedge’s upper boundary, ideally followed by a move past the $0.49 resistance level. If those two events occur, the technical path toward $1 becomes much clearer.
At the same time, Dogecoin’s price will likely be influenced by broader crypto market trends, including Bitcoin price movements, institutional interest, and regulatory developments.
While the journey to $1 is still uncertain, Dogecoin’s historical patterns and current momentum suggest that its next major move may not be far away.
