Dogecoin Shatters Resistance—Analyst Predicts 170% Rocket Ride

Memecoin madness isn’t dead yet. Dogecoin’s latest breakout has traders dusting off their ’to the moon’ memes as one analyst flags a potential 170% surge.

The chart gods have spoken: DOGE just sliced through key resistance like a hot knife through institutional-grade FUD. Technicals suggest this isn’t just another dead-cat bounce—unless we’re talking about Kabosu, the Shiba Inu that started it all.

Of course, in crypto-land, a 170% gain just means you’re making back half your losses from the last crash. But hey—those diamond hands won’t shine themselves.

Dogecoin Price PredictionDogecoin Price Prediction Dogecoin Could See $1? Furthermore, other market analysts have noted the potential for a bigger spike in Dogecoin’s price. Trader Tardigrade, an analyst on X, also confirmed that Doge has broken through a significant mid-term resistance trendline.  According to Tardigrade, the breakout is not a false one, and the price movements resemble those seen in February 2024, which preceded a massive price rally. If the current momentum continues, Tardigrade suggests a significant surge could push DOGE past the $1 mark by May 2025. This prediction builds on the earlier price action of DOGE, which has already begun to show strength. 

Dogecoin chart by Tardigrade Growing Bullish Sentiment The bullish outlook for Dogecoin is also supported by a surge in DOGE Futures Open Interest, as observed by data from Coinglass. Open interest refers to the amount of capital locked in DOGE futures contracts, which has risen by 8.58% to $2.01 billion, a level last seen in late March 2025. This increase reflects the growing confidence in the asset, with more capital being invested in DOGE futures as traders take long positions in anticipation of future price increases.

Dogecoin Open InterestDogecoin Open Interest