DOGE’s Potential Surge to $12: Analyst Insights and Historical Patterns

Dogecoin (DOGE) is once again in the spotlight as traders identify bullish technical patterns across various timeframes. Analysts suggest that the meme coin could be gearing up for another significant rally, potentially reaching $12. This Optimism stems from a decade-long cycle of accumulation followed by explosive price movements. Trader Tardigrade highlights three historical cycles since 2017, each marked by consolidation before sharp appreciation. Currently, DOGE is trading at 0.22422000 USDT, but the patterns observed hint at a possible upward trajectory. As of May 29, 2025, the crypto community is closely watching DOGE for signs of the next big move.

Can Dogecoin Price Rally to $12 on Its Next Leg Up? Analyst Weighs In

Dogecoin (DOGE) is capturing renewed attention as traders spot bullish technical patterns across multiple timeframes. A decade-long cycle of accumulation followed by explosive rallies suggests the meme coin may be primed for another significant upward move.

Analyst Trader Tardigrade identifies three historical cycles since 2017, each beginning with consolidation before sharp price appreciation. The current pattern mirrors previous setups that preceded major rallies, with logarithmic models pointing to a potential $3-$12 price range as this cycle matures.

Monthly charts reveal a telling rounded bottom formation - the same accumulation pattern that preceded DOGE’s 2017 and 2021 surges. Trading volume growth and breakout structures are developing along familiar lines, reinforcing the bullish case.

Elon Musk Steps Down from DOGE Amid Agency Turbulence

Elon Musk confirmed his departure from the Department of Government Efficiency (DOGE), a Trump-era initiative he co-founded to combat federal waste. His exit, mandated by Special Government Employee term limits, follows Vivek Ramaswamy’s January departure—leaving the agency without its original leadership.

DOGE, named partially as a nod to Musk’s favored cryptocurrency Dogecoin (DOGE), claimed $175 billion in savings but faced criticism over inflated metrics and partisan disputes. Musk’s farewell post on X framed the move as inevitable, stating the agency’s mission would "strengthen over time." The timing coincides with DOGE’s declining influence amid a broader spending surge Musk himself criticized.

Elon Musk Steps Down from DOGE Role After 130 Days, Raising Questions on Efficiency Agenda

Elon Musk has abruptly exited his position as a special government employee with the Department of Government Efficiency (DOGE), marking the end of a 130-day tenure marked by aggressive cost-cutting measures and internal clashes. The departure, initiated by senior WHITE House staff without a formal goodbye to President Trump, followed Musk’s public criticism of the administration’s latest fiscal policy.

Musk’s farewell message on X emphasized his commitment to reducing wasteful spending, stating the DOGE mission WOULD ’strengthen over time as it becomes a way of life throughout the government.’ His tenure saw bold proposals like zero tariffs with Europe and sweeping staff reductions, though these efforts faced resistance from cabinet members and yielded mixed results.