Dogecoin Primed to Smash $3.2 Barrier as Textbook Accumulation Pattern Emerges
Forget Wall Street’s ’diamond hands’—Dogecoin’s charts are flashing a textbook accumulation signal that could send the meme coin screaming past $3.2. Here’s why the dogs might finally have their day.
The setup: A classic accumulation cylinder pattern has formed after months of sideways action—the same kind of stealthy buying that preceded Bitcoin’s 2017 and 2021 bull runs. Whale wallets are loading up while retail investors obsess over the latest vaporware metaverse token.
Market mechanics at play: With DOGE liquidity tightening and perpetual funding rates stabilizing, the stage is set for a violent upside move. Just don’t tell the ’fundamental analysts’ who still think crypto valuations should make sense.
The punchline: Whether it’s Elon’s tweets or pure speculative frenzy driving the move, one thing’s clear—when these patterns trigger, they tend to overshoot. Buckle up.
Dogecoin Price Eyes Rally Above $3.2 As Textbook Accumulation Cylinder Forms
In an X post, Crypto Bullet revealed that the Dogecoin price has printed a textbook accumulation cylinder, which provides a bullish outlook for the foremost meme coin. His accompanying chart showed that DOGE could rally above $3.2, marking a new all-time high (ATH) for the meme coin.
The crypto analyst stated that based on this bullish pattern, the Dogecoin price rally to this target should start in the next few months. He added that the catalyst for this price surge is unknown, but affirmed that something interesting is coming. Crypto Bullet also noted that BTC dominance is topping out and that this could be the perfect recipe for a Doge pump.
Crypto analyst Kevin Capital recently suggested that a potential monetary easing policy from the Federal Reserve could be what sparks the next bull run for the Dogecoin price. He highlighted the fact that the Fed is projected to cut interest rates in June. The analyst expects DOGE to surge as this increasing money supply flows into the meme coin.
Interestingly, June is also the timeline crypto analyst Master Kenobi provided for when the Dogecoin price could reach a new ATH. He predicted that DOGE would rally to as high as $0.9 during this period. Meanwhile, the analyst warned that it is still uncertain whether the meme coin will break past the psychological $1 price level.
Update On DOGE’s Price Action
In an X post, Kevin Capital provided an update on the current Dogecoin price action. He noted that DOGE has held the macro .382 and the macro down-trending support at around $0.14. He further remarked that the monthly super trend has not yet gone vertical in this cycle. The monthly Relative Strength Index (RSI) is also at the same level it was at when the meme coin was at $0.11, with much room to rally to the upside.
The analyst stated that, with the market entering the easing phase of the monetary cycle, he expects Bitcoin’s dominance to reach a macro top in the summer. Kevin Capital predicts that altcoins, especially the Dogecoin price, will then witness a massive surge once this happens. He urged market participants to ignore the short-term noise and focus on the long-term trajectory.
At the time of writing, the Dogecoin price is trading at around $0.18, up 3% in the last 24 hours, according to data from CoinMarketCap.
