Dogecoin’s Next Act: Can the Meme Coin Defy Skeptics and Hit $5?

Dogecoin traders are eyeing history—again. After past parabolic rallies turned skeptics into believers (and then back into skeptics), the question looms: can DOGE pull another rabbit out of its meme-stained hat?

Market cycles love a comeback story, but $5 would require a moonshot even by crypto standards. Cue the usual suspects: Elon tweets, retail FOMO, and a collective suspension of disbelief. Meanwhile, Wall Street hedge funds will keep pretending they ‘never saw the value’—right up until they quietly accumulate.

One thing’s certain: if DOGE rallies, the ‘experts’ who called it a joke at $0.10 will suddenly discover its ‘utility.’

Interest in Dogecoin (DOGE) price is on the rise as it is forming certain patterns that hint at a possible extended bullish trend. If the market aligns, the recent movements and historical patterns suggest Doge price may surge to the $5 mark.

Dogecoin Price Historical Pattern Repetition Signals Upside

Notably, a chart shared by CryptoElites revealed several occasions when the pattern of Dogecoin price rise has repeated over time. Each cycle began with a symmetrical triangle formation, followed by a steep vertical rally.

According to the chart, three such occurrences have already played out, with the latest structure now forming at a higher price range.

In addition, the triangular patterns noted periods of dogecoin price consolidation that result in substantial upward moves once resistance levels are broken. This recurring structure presents a potential roadmap for DOGE, suggesting that another leg up may follow if the current consolidation breaks in the same manner.

The projected level on this chart placed a long-term target at $5, well above the current market price.

DOGE Bullish Structure Forms on Heikin Ashi H4 Chart

More so, in a separate 4-hour Heikin Ashi chart by Trader Tardigrade, a second triangle is apparent after the earlier triangle broke out. There are clear indications of consolidation in the Doge price structure, as both support and resistance levels become narrower.

Usually, this pattern precedes strong bullishness and times of less volatility just before the trend changes.

As Dogecoin price declined,  it might be getting ready to move above its short-term resistance. Should the upper edge of the triangle be surpassed, the asset might surge to the $0.203 mark. Price above the active ascending trendline at the $0.194 point confirms the structure’s validity.

DOGE Price Triangle Retest Supports Breakout Structure

In a lower timeframe view, Trader Tardigrade pointed out that dogecoin price completed a successful retest of a symmetrical triangle pattern. This formation had multiple touches on both support and resistance lines before a breakout occurred. After the breakout, the price returned to the triangle’s upper boundary and bounced, confirming it as a new support zone.

The retest was completed around the $0.191 mark, which now serves as a structural foundation for the current bullish outlook. Technical setups that include retests tend to validate the strength of breakouts, as they indicate previous resistance levels have turned into support.

This pattern reinforces the probability of continued upward movement toward the $0.20–$0.203 resistance range in the short term.

Short-Term and Long-Term Targets Aligned With Chart Signals

Furthermore, the charts from different sources indicated that Dogecoin price may increase both now and in the next few months. In the short term, traders aim to overcome the resistance at almost $0.203. Maintaining an uptrend at this level may push the meme coin to reach previous highs and build up pressure for a rally to $5.

Meanwhile, the long-term outlook drawn from historical breakout patterns positions $5 as a potential macro-level target. While this scenario WOULD require sustained market support and broader adoption, the repeated nature of these breakout structures provides a technical basis for such speculation. Future price action near critical resistance levels will offer additional confirmation of trend direction.

At the time of writing, Dogecoin price traded at approximately $0.1925, reflecting a 2.4% gain over the past 24 hours. This indicated a bullish trend, with key support established at $0.194 and resistance in the $0.198–$0.200 range.