Dogecoin Primed for 60% Surge If This Key Channel Shatters – Analyst Foresees Liftoff

Dogecoin traders, buckle up—a technical breakout could send the meme coin screaming into the stratosphere.

The Make-or-Break Moment

A bullish channel pattern on DOGE’s chart has analysts whispering about a potential 60% rally—if buyers can smash through resistance. No guarantees in crypto-land, but the setup’s got degens leaning forward in their chairs.

The Fine Print (Because Someone’s Gotta Say It)

Let’s be real: ‘Analyst predicts pump’ ranks just above ‘weatherman guesses rain’ for reliability. But with Dogecoin’s cult following and liquidity, even hopium can move markets. Just maybe keep one hand on your exit button—Wall Street’s algorithms snack on retail dreams for breakfast.

Dogecoin Price Eyes 60% Rally To $0.4

In a TradingView post, MMBTtrader predicted that the dogecoin price could rally to as high as $0.4 once it breaks above the ascending channel at around $0.243. He claimed that with good volume, the market will pump nonstop. The analyst is confident that this will happen, declaring that the breakout will be huge and that a 60% rally is a likely target. 

MMBTtrader also stated that the market would be extremely bullish if the Dogecoin price should rally to this $0.4 target. He predicted that the $0.75 and $1 price levels will be in sight once DOGE reaches $0.4. A rally to these $0.75 and $1 targets would mark new all-time highs (ATHs) for the leading meme coin. 

DOGE has sometimes lagged behind other meme coins. However, the crypto analyst expects the Dogecoin price to pump massively this time and be “a leader of memes for weeks.” The meme coin looks to be already leading the way, standing out as one of the top gainers during the current crypto market rally.  

The dogecoin price has broken above the psychological $0.2 level and looks ready to reach new highs in the coming weeks, with a break above the $0.42 level, MMBTtrader highlighted. Fundamentals, such as the potential launch of Dogecoin ETFs, could serve as a tailwind for higher prices. Bloomberg analysts James Seyffart and Eric Balchunas predict there is a 90% chance the SEC will approve these funds this year. 

Only A Matter Of Time For DOGE

In an X post, crypto analyst Kevin Capital remarked that it is only a matter of time before the Dogecoin price makes its move back up to between $0.28 and $0.30 and then “well beyond.” He added that as long as the Bitcoin price holds up and continues to show strength, this move for DOGE should come sooner rather than later. 

Crypto analyst Trader Tardigrade revealed that the DOGE/BTC pair has formed a Cup-and-Handle pattern and broken out of the trendline. He had noted that this bullish pattern suggests that the meme coin may outperform the flagship crypto. The analyst added that the Dogecoin price has gained strong momentum. This recent analysis echoes an earlier prediction, when Trader Tardigrade also stated that Doge may soon show a God candle on its BTC pair. 

At the time of writing, the Dogecoin price is trading at around $0.24, up 14% in the last 24 hours, according to data from CoinMarketCap.