Will Dogecoin Price Rally 284% As Chart Depict These Signs?

Dogecoin (DOGE) price action has triggered renewed attention across the crypto and meme coin markets.

After confirmation of DOGE breakout, bullish crossovers were accompanied by structural patterns. That’s leading experts to predict an upswing of 284% for the top meme token.

Dogecoin Price Breakout and Retest Confirmation

Analyst Trader Tardigrade shared that Dogecoin price just broke the top of a 146-day ascending parallel channel.

Since early March, DOGE price movement has been respected by this channel. Making similar higher lows and slowly squeezing the resistance at the top.

In late July, the meme coin pushed through this upper line. It then bounced back around to touch the breakout level at about $0.26.

The breakout’s validity was supported by the meme coin price stabilizing shortly above the channel top after a successful retest.

Additionally, historical data indicated that this action, an early breakout followed by a calm retest, was highly likely to result in a bullish continuation.

On the daily chart, DOGE has continued to record higher lows, showing the sustained buyer pressure even though the meme coin has seen periodic corrections.

Bullish MACD Cross Aligns With Historical Rallies

The Moving Average Convergence Divergence (MACD) indicator in the weekly chart has had a bullish crossover.

This occurred where the MACD line surpassed the signal line. This is usually associated with a switch in the market trend, making it more bullish.

Analyst MikyBull Crypto noted that this was the third big crossover in less than 24 months.

Notably, the two prior bullish MACD crossovers were accompanied by price rises of more than 200%.

In both instances, the crossover corresponded to an increase in trendlines and breakouts, indicating that the technical action had a continual trend.

The present crossover emerged from a low base, adding weight to the possibility of a larger price expansion if the trend remains intact.

Multi-Year Descending Wedge Break Signals New Cycle

On the monthly chart, another analyst pointed out that Dogecoin price has exited a multi-year declining wedge, a pattern that has characterized the larger trend since the high in 2021.

This formation squeezed price movement between lower highs and horizontal support, and as the volatility narrowed down, it resulted in the recent breakout.

Furthermore, the wedge was more than three years, beginning in mid-2022 and ranging to mid-2025.

This outbreak formed the onset of what the analyst termed Cycle 3. Both of the previous two cycles, which started with wedge breakouts, led to new all-time highs.

Besides, the technical structure and long-term chart symmetry indicated that Dogecoin price may be in an expansion phase.

The historical trend of breakout cycles provided a basis for mapping potential upside trajectories in the current phase.

Dogecoin Price Prediction Points to 284% Upside

More so, Dogecoin price could be headed to a possible rally to $1 based on past rallies that started at comparable levels. This target is a 284.62% gain from the recent breakout level at around $0.26.

Supporting Dogecoin price breakout to $1, a recent analysis indicated a confirmed parabolic bullish structure.

Intermediate targets were set at $0.52 and 0.68 amid strong bullish momentum that could clear the path toward DOGE reaching the $1 mark.

The top meme coin has sustained a 26% rally in the past 7 days, reaching a weekly high of $0.282 and stabilizing at $0.2556 at press time.

This volatility was backed by growth in market interest and increased 24-hour trading volume that reached approximately $3.13 billion.