DOGE’s Bullish Megaphone Pattern Hints at Parabolic Surge to $1.25

Crypto analyst TradingSpot has identified a compelling megaphone pattern in Dogecoin's weekly chart, signaling a potential parabolic rally. As of July 2025, DOGE shows a strong rebound from the MA200 support level, coupled with an RSI bounce from long-term support zones—a classic bullish setup. Technical analysis projects two key targets: a conservative $0.80 and an ambitious $1.25, suggesting significant upside potential for the meme coin. This pattern, historically associated with explosive price movements, could mark the beginning of DOGE's next major uptrend, attracting both retail and institutional interest in the cryptocurrency market.

Dogecoin Megaphone Pattern Signals Potential Parabolic Rally to $1.25

Crypto analyst TradingShot has identified a bullish megaphone pattern in Dogecoin's price action, suggesting an imminent parabolic move. The meme coin's weekly chart shows a rebound from the MA200 support level, coinciding with a Relative Strength Index (RSI) bounce from long-term support zones—a classic setup for explosive upside.

Technical projections point to two potential targets: a conservative $0.80 within the channel structure, or an ambitious $1.25 Fibonacci extension level. Both WOULD eclipse Dogecoin's current all-time high of $0.73. The analyst emphasizes this may represent the final pre-cycle-top rally, with the price trajectory potentially playing out by mid-2025.

Dogecoin Replicates Bullish Wave From Nov. 2024 — Why Price Can Rocket Above $1

Dogecoin (DOGE) appears poised for a fresh breakout as its price action mirrors the bullish wave that preceded its late 2024 rally. After months of stagnation, the meme coin is showing renewed strength, suggesting a potential surge beyond the $1 threshold.

Technical analysis by TradingView's Master Ananda indicates Doge could rally 591% to $1.168, replicating its November 2024 momentum. The coin has maintained stability since March, avoiding deep corrections while building a foundation for upward movement.

Dogecoin Mirrors December 2020 Pattern, Sparking Speculation of Another Epic Rally

Dogecoin's recent surge past $0.20 has reignited bullish sentiment, with technical analysts noting eerie similarities to its pre-bull run formation in December 2020. The meme coin now trades 71% below its all-time high of $0.73, leaving ample room for potential upside.

Crypto analyst CryptoKaleo highlights the recurrence of a critical technical pattern - a descending trendline breakout followed by consolidation, mirroring the setup that preceded DOGE's historic 36,000% rally. The 2020 breakout was catalyzed by Elon Musk's social media endorsements, demonstrating the token's unique sensitivity to celebrity influence.

Market technicians observe the current price action has completed what appears to be a similar bottoming formation. While fundamental drivers differ from 2020, the technical parallels are striking enough to warrant attention from momentum traders. The $0.20 level now serves as a psychological battleground between bulls and bears.