Dogecoin Primed for Explosive Rally as Rare Bullish Signals Align

Buckle up, meme coin enthusiasts—Dogecoin's chart is flashing its most bullish signals since the 2021 frenzy. A convergence of rare technical patterns suggests the Shiba Inu-themed asset could be gearing up for a parabolic move.

When the stars align like this, even Wall Street's most cynical traders pay attention—though they'll never admit it while sipping their $14 artisanal cold brews.

Key indicators to watch:

- The rarely-seen 'Golden Bark' crossover on weekly charts

- Whale accumulation patterns mirroring pre-breakout behavior

- Social volume spiking while shorts get squeezed

This isn't financial advice—just the cold, hard patterns that make crypto veterans reach for their limit orders. Whether this becomes another 'to the moon' moment or just another false dawn for DOGE remains to be seen. But one thing's certain: the dogs are barking loud today.

Dogecoin price technical analysis points to more gains 

The daily timeframe shows that the Doge price has more upside as two rare patterns are about to converge. First, the token formed a double-bottom pattern at $0.1425, and a neckline at $0.2595. A double bottom is one of the most common bullish patterns in technical analysis.

DOGE has now surged above the double-bottom’s neckline at $0.2595, its highest level on May 11. Moving above that level confirms the bullish outlook of the double-bottom pattern and points to more gains. 

In this case, the pattern’s height is $0.117, which is derived from subtracting $0.1425 from $0.2595. Adding the height to the neckline gives the price target at $0.3765.

Dogecoin price is also about to FORM a golden cross pattern, which happens when the 50-day and 200-day moving averages cross each other. This pattern implies that the short-term momentum is strengthening. 

The Average Directional Index has jumped to 42, the highest level since March 5 this year. A surge in the ADX metric means that the trend is accelerating. 

Therefore, the Doge price will likely continue rising as bulls target the key point at $0.3765, up by 38% from the current level. A drop below the support at $0.2500 will invalidate the bullish outlook.

Top 2 catalysts for DOGE price

There are a few catalysts that may push DOGE price higher in the coming weeks. First, Polymarket odds that the Securities and Exchange Commission will approve spot DOGE ETFs have surged to 80%. These ETFs will likely lead to more inflows from investors as Bitcoin and ethereum have demonstrated. Bitcoin ETF inflows have jumped to $54 billion, while Ethereum’s have soared to over $7.4 billion. 

DOGE price will benefit from the potential altcoin season index, which will lead to demand for both meme coins and utility tokens. Indeed, third-party data shows that whales are buying DOGE, while the open interest soared to a multi-month high of $4.83 billion.