Is a Breakout Coming Soon?

Key Points

• DOGE rebounds from $0.13–$0.15 support, maintaining its position within a long-term ascending channel.
• Analysts highlight repeating patterns that previously led to rallies of over 9,000% and 13,000%.
• Bullish cup and handle structures in DOGE and altcoin market hint at a potential breakout ahead.

Dogecoin is trading near $0.2549 after recently rebounding from the key $0.13–$0.15 support zone. This level aligns with the lower trendline of its long-term ascending channel on the weekly chart.

Analyst Ali highlights that DOGE’s current price action mirrors past accumulation phases seen in 2017 and 2021. Both earlier phases preceded massive rallies of 9,241% and 13,337%, giving weight to this pattern’s significance.

Technical Structure Points to Breakout Potential

DOGE’s recent bounce reinforces the channel pattern, with upside targets between $0.50 and $0.80 if momentum builds. This matches historical breakouts, such as the 2023–2024 move that peaked near $0.34 after a 243% gain.

Meanwhile, Trader Tardigrade notes that DOGE continues testing a rising support trendline, similar to setups in early and late 2024. Each breakdown below support triggered strong rebounds toward $0.30–$0.40, supporting the pattern’s reliability.

If the trendline holds, the next breakout could target $0.70 to $1.00, aligning with the upper resistance channel. Tardigrade emphasizes that the current price structure remains bullish and follows previous accumulation-to-pump cycles.

Broader Market Structure Supports Altcoin Rally Case

Furthermore, Flipper describes Dogecoin’s current structure as a 4.5-year cup and handle pattern, which remains intact after 1,644 days of formation. He suggests this setup could lead DOGE to $5 or higher if confirmed.

Moreover, Tardigrade highlights the $TOTAL3 chart showing a classic weekly cup and handle in altcoins excluding Bitcoin and Ethereum. The altcoin market cap recently retested $1.18T and now consolidates above $785B, forming the handle.

If this pattern completes, a breakout could trigger a broad altcoin rally, pushing market cap beyond $1.5T. DOGE would likely benefit from such market-wide momentum, reinforcing its mid-term bullish setup.

DOGE is down 0.86% daily, but up 56.41% in 90 days and 143.17% year-over-year. Long/short ratios remain bullish across major platforms, with high open interest confirming strong speculative positioning.