Key Insights:
- Dogecoin price one-month chart highlights a repeating pattern where the meme coin’s price is consolidating within an “accumulation cylinder.”
- The meme coin’s current setup projects a fair target of $1.00, with an overextension target of $3.50.
- CryptoElites highlighted the formation of a round bottom setup targeting $5.
Dogecoin price is eyeing a massive rally to $5 as technical patterns align with growing institutional interest and ETF momentum. At the time of writing, the meme coin was traded at $0.2156.
Dogecoin Price Prepares for $2233% Rally
Dogecoin price is showing a technical setup that suggests a major rally could be ahead. The one-month chart highlights a repeating pattern where the meme coin’s price is consolidating within an “accumulation cylinder” as it prepares for a take off.
In the past, these phases have led to strong breakouts once the 1M MA50 provided support. This setup has repeated multiple times in DOGE history, with price expanding to the 1.618 Fibonacci extension each cycle.
At press time, the meme coin was moving in a new accumulation phase, holding above long-term support and preparing for another breakout. The DOGE price chart projects a fair target of $1.00, with an overextension target of $3.50.
If the historical pattern continues and the setup plays out successfully, momentum could carry the price even higher. The analysis was shared by expert CryptoElites, who highlighted the formation of a round bottom setup.
According to the analysis, the setup displays a strong trend reversal with DOGE price breaking above its long downtrend line. Now the price has already tested support, which is a healthy move because it’s now possible to flip the resistance.
The pattern also suggests that Dogecoin price has completed its accumulation phase. From here, the price could start moving higher in steps.
The chart suggests a potential rally toward $5, which aligns with past cycles where DOGE experienced significant moves after prolonged periods of consolidation.
Can Dogecoin Price Reach $5?
Reaching $5 would represent a 2233% rally from current levels. The key signal is the monthly MA50 “take-off,” which has marked the start of prior rallies.
With resistance thinning above current levels and strong accumulation visible, the probability of another large expansion increases.
While $3.50 is the conservative target, market enthusiasm and overextension could push DOGE price to $5 in the next major bullish cycle.
REX-Osprey Set to Launch First DOGE ETF Next Week
REX Shares and Osprey Funds may launch the first exchange-traded fund (ETF) offering direct exposure to DOGE as early as next week. This could also provide a massive boost to Dogecoin price by offering more exposure to the meme coin.
The firms filed a prospectus with the U.S. Securities and Exchange Commission on Wednesday for the REX-Osprey DOGE ETF, which will trade under the ticker symbol DOGE.
The filing also outlined plans for additional ETFs linked to XRP, BONK, TRUMP, as well as established assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
According to an X post by Bloomberg Intelligence analyst Eric Balchunas, Rex appeared ready to launch a Dogecoin ETF through the 40 Act as soon as next week. He noted this was based on a recent tweet and the firm’s filing of an effective prospectus.
The analyst stressed that Dogecoin appeared to be the first product to launch, although the prospectus also mentioned ETFs tied to Trump, XRP, and Bonk would follow later.
The fund will allocate 80% of its assets to DOGE-linked holdings, including futures and swaps, providing it with broad market exposure. The remaining portion will be held in Treasuries and cash equivalents to maintain liquidity, support daily operations, and help manage risk.
Institutional inflows could help move Dogecoin beyond retail speculation and into wider financial acceptance.
As this happens, many expect regulatory approval to spark stronger demand, potentially driving Dogecoin price higher. The REX Osprey ETF filing adds to this perception, supporting the case for Dogecoin as a more credible asset class.