Here’s Why This Analyst Thinks Dogecoin Price Is Nearing 300% Rally

Analysts indicate Dogecoin (DOGE) price could rise by 300% because they observe repetitive patterns which appear in its historical data. The long-term view reveals three distinct breakout points which were initiated through triangles that generated maximum prices.

The digital currency DOGE returned to the support level of $0.145 before moving up to $0.163 where traders carefully observe both $0.13 support and $0.17 resistance lines to find the next substantial price movement.

DOGE Price Must Hold $0.13 Support to Maintain Bullish Structure

Dogecoin price retraced back from its yearly peak at $0.485 before stabilizing at the $0.145 level of a rising trendline. A powerful combination exists between $0.128 and the 0.618 Fibonacci retracement level at this location.

The price bounced from this zone and is now consolidating above $0.16, indicating buyer interest at lower levels.

Analysts warn that a breakdown below the $0.13–$0.145 region would damage the current bullish structure.

“DOGE must hold the $0.13 support over the next 4–8 weeks to avoid invalidating the pattern,” said a TradingView analyst. Long wicks on the weekly candles indicate that buyers are stepping in to defend the trendline.

Maintaining this level is also key to continuing the Wyckoff accumulation pattern. Analysts point out that the current phase is transitioning from the last point of support (LPS) toward a sign of strength (SOS).

The final cycle phase of DOGE is likely to activate when price stays above the current trendline.

A Daily Close Above $0.17 Could Trigger a Breakout

The current short-term price movement of Dogecoin exists between $0.1550 and $0.1650. However, price is now testing resistance at $0.17, which has acted as a ceiling since the recent pullback. A daily close above this level could confirm bullish continuation.

Traders are monitoring the $0.17 mark as a breakout level that could open the way toward the $0.21–$0.29 zone.

The target price area consists of two Fibonacci retracement levels at $0.217 and $0.294 which represent points at 0.382 and 0.236. The previous dogecoin price movements used these levels as essential zones of support and resistance that might draw greater trading volume.

Source: X

The market momentum shows low activity since volume has decreased by 45% during recent days. Still, analysts suggest that if DOGE closes above $0.17 with rising volume, it will attract new buyers.

“If DOGE can hold a daily close above $0.17, it could quickly test $0.21 and potentially $0.29,” said the analyst. This would mark a shift in market sentiment from cautious to more aggressive accumulation.

Historical Patterns Suggest Dogecoin Price Rallies Up to 300% After Breakouts

The extended timescale shows DOGE behavior consists of triangular patterns which trigger momentous price shifts.

Different price cycles took place in 2016, 2020 and 2021 as the market achieved successively new all-time highs during those periods. The repeated pattern adds significant impact to the prospect of another substantial price action.

The symmetrical triangle breakout which started during late 2023 extended until early 2025. DOGE price reached its peak value at $0.485 before returning for consolidation which led to a pattern similar to previous market rallies.

The analysts predict that favorable environmental factors could drive an upcoming crypto rally between 200% and 300% following these consolidation structures.

Source: X

Historical data shows that once DOGE consolidates above its breakout zone, price surges often follow. Past breakout events triggered price surges which reached more than 300% during such cycles.

Current data indicates an underway market pattern just like previous cycles which could develop into a price rise exceeding $0.73 according to projected market movements. The appearance of rising volume combined with an upward bound past $0.17-$0.21 will validate the continuation of this pattern.