DOGE Poised for Breakout: Analyst Predicts Surge Beyond $3.2 as Bullish Pattern Forms

Dogecoin (DOGE) is showing strong signs of a potential major rally, with a well-known crypto analyst identifying a bullish accumulation pattern that could propel the meme coin to new all-time highs. Here’s a detailed breakdown of the latest developments and what they could mean for Doge investors.

Dogecoin Price Eyes Rally Above $3.2 as Bullish Pattern Emerges

Crypto analyst Crypto Bullet has identified a textbook accumulation cylinder in Dogecoin’s price chart, signaling potential for a significant rally. The pattern suggests DOGE could surge past $3.2, marking a new all-time high for the meme coin.

The projected uptrend is expected to begin within months, though the catalyst remains unclear. market watchers note such technical formations often precede major price movements, particularly in assets with strong retail interest like Dogecoin.

IRS Crypto Policy Officers Ousted Amid Government-Wide Cleanout, DOGE Implicated

Two senior IRS crypto policy officers, Seth Wilks and Raj Mukherjee, were effectively removed from their positions on Friday as part of a broader government restructuring initiative. Both were placed on paid leave with deferred resignations, ending their brief tenure that began in February 2024. The development signals a potential shift in the agency’s approach to cryptocurrency taxation.

Wilks and Mukherjee brought significant private-sector experience to their roles. Wilks previously served as vice president at TaxBit, while Mukherjee held leadership positions at Binance.US and ConsenSys. Their departure creates uncertainty around ongoing crypto compliance and enforcement programs at the IRS.

Notably, the article references DOGE’s involvement in these personnel changes, though the exact nature of the connection remains unclear. The meme cryptocurrency appears to be playing an unexpected role in government crypto policy developments.

Trump Urges Supreme Court to Allow DOGE Access to Social Security Data

The Justice Department has called on the Supreme Court to overturn a lower court’s decision blocking Elon Musk’s DOGE from accessing Social Security Administration (SSA) systems. Judge Ellen Hollander’s ruling, which halted DOGE’s entry into SSA databases, was challenged as an overreach of judicial authority that impedes federal modernization efforts.

Government lawyers argue the injunction paralyzes teams working to upgrade legacy systems. "The district court is forcing the Executive Branch to stop employees charged with modernizing government information systems from accessing the data in those systems," the filing states. The controversy stems from a lawsuit filed by labor unions and advocacy groups seeking to prevent DOGE from extracting sensitive SSA data.