Dogecoin Primed for $3 Surge If It Breaks This Key Pattern, Claims Analyst

Forget moon shots—Dogecoin might be gearing up for a full-blown Mars mission. One analyst predicts the meme coin could rocket to $3 if it punches through a critical technical formation.

Chart watchers are eyeing the same breakout pattern that preceded DOGE’s last parabolic run. But let’s be real—since when do crypto markets follow logic? Just ask the ’fundamental analysts’ still scratching their heads over 2021.

Whether this plays out as prophecy or hopium, one thing’s certain: the charts never lie... until they do.

Dogecoin chart by Akbar Karimzsfeh At the core of the analysis lies a large yellow-shaded zone labeled as a “cup,” covering the period from mid-2021 to early 2025. The cup pattern represents long-term accumulation. Breakout Above This Level Could Send Dogecoin to the Moon In this context, the two converging lines of the symmetrical triangle confirm that Dogecoin remains in consolidation mode. Notably, the upper edge of the triangle also aligns with the rim of the cup near $0.49160. According to the analyst, a breakout above this level is critical for further upside. Following an attempted breakout in December 2024, the price approached the $0.4916 resistance level but was rejected. It then dropped to $0.13, marking a significant pullback. Since then, Dogecoin has shown resilience by regaining value during the May rally.  The analyst emphasized that only a breakout above the top of the yellow pattern, aligned with the rim of the cup, could trigger a substantial upward move. Until such confirmation occurs, he advised a cautious approach, urging market participants to “wait and watch.” Upon a breakout, the chart identifies $3.08 as a potential target that DOGE holders can aim for. DOGE On-Chain Data Supports Potential Surge Meanwhile, on-chain metrics reflect a sharp increase in user activity. Over the past seven days, new addresses surged by 102.40%, while active addresses rose by 111.32%. 

Screenshot 2025 05 26T125421892 Additionally, zero balance addresses increased by 155.45%, highlighting higher turnover and user engagement within the network. These metrics suggest increased interest and transactional activity across the dogecoin ecosystem, which could contribute to taking Dogecoin to the moon.