Dogecoin (DOGE) Price Prediction: Double Bottom Pattern Signals Major Dogecoin Breakout—Is $1 Within Reach?

Dogecoin has once again captured market attention after forming a bullish double bottom pattern and breaking out of a 50-day bearish trendline.

As analysts highlight structural similarities to its historic 2020 rally, the dogecoin price is now positioned for a potentially explosive move, possibly setting the stage for a renewed push toward the elusive $1 mark.

Technical Breakout Suggests Bullish Momentum

Dogecoin recently climbed back above the $0.16 level after printing a double bottom pattern near $0.157. According to Brave New Coin data, the bounce reversed Monday’s slide and has helped reclaim lost ground. The double bottom, typically seen as a bullish reversal signal, was backed by strong volume during early July trading hours, indicating growing buyer interest.

Dogecoin has completed a bullish bat reversal with a double bottom pattern and is currently oversold on the daily chart, indicating a potential reversal zone. Source: Julia17 on TradingView

However, for this positive structure to hold, dogecoin price prediction models suggest that DOGE must decisively clear the $0.17 resistance level. A break above this mark could invalidate the broader downtrend that has gripped the coin since May.

Breaking a 50-Day Downtrend: Rally on the Horizon?

In a separate analysis, seasoned trader Trader Tardigrade noted that Dogecoin has breached a downward trendline that persisted for over 50 days. This breakout has shifted technical momentum in favor of the bulls.

Dogecoin has broken a 50-day downtrend, forming a higher high and higher low, hinting at a possible bullish trend reversal. Source: Trader Tardigrade Via X

The analyst highlighted new “higher high” and “higher low” formations on DOGE’s daily chart, which often precede significant upward moves. “A second higher low would confirm a trend reversal,” he stated in an X post, pointing to a potential long-term bull run.

Historical data from 2017 and 2020 backs this pattern, with similar ADX signals preceding major rallies. If history repeats, doge predictions suggest DOGE could soar far beyond its previous highs.

Kaleo’s Chart: Echoes of the 2020 Breakout

Adding to the optimism, crypto strategist Kaleo shared a comparative weekly chart suggesting that dogecoin price prediction 2025 might mirror its 2020 parabolic run. In his annotated TradingView post, Kaleo pointed to two large falling wedge formations: the first led to DOGE’s rally from $0.003 to $0.75, while the current wedge seems to be approaching a similar resolution.

Dogecoin is currently trading below $0.20, presenting what analyst Kaleo describes as a “free” opportunity for investors. Kaleo via X

The wedge structure—characterized by lower highs and compressed volatility—has begun to break upward. DOGE recently posted higher highs at $0.22 and $0.48 earlier this year, aligning with Kaleo’s roadmap. He notes that if the current breakout continues to track the 2020 pattern, Dogecoin could initially surge to $0.55 before a consolidation phase, potentially extending toward $3.50.

“Dogecoin under 20 cents is free,” Kaleo summarized, underscoring what he views as a high-reward, low-risk opportunity at current levels. The breakout also aligns with the post-Bitcoin halving environment—a factor that played a major role in previous Dogecoin rallies.

Resistance Levels and Whale Activity

Despite the bullish momentum, resistance around $0.17 remains a critical barrier. Ali Martinez, a prominent technical trader, highlighted the significance of this level, stating that a close above $0.17—paired with a Tom DeMark (TD) Sequential buy signal—could push Dogecoin to $0.21 in the near term.

DOGE is showing early signs of accumulation exhaustion and a bullish reversal, suggesting the markup phase may be approaching soon. Source: jhonnybrah via X

Whale activity and on-chain volume spikes have also been noted around current price levels, suggesting that large investors are beginning to accumulate. According to trading data, volume surged past 6 million tokens during short intraday windows on July 2—another signal of increased market confidence.

Will Dogecoin Reach $1?

The question “Will Dogecoin reach $1?” continues to dominate investor conversations. Based on current dogecoin predictions, a breakout above $0.17 could serve as the first serious step in that direction. However, reaching the $1 threshold will likely depend on broader market conditions, including Bitcoin’s performance, overall crypto liquidity, and external macroeconomic factors.

Dogecoin (DOGE) was trading at around $0.17, up 7.06% in the last 24 hours at press time. Source: Brave New Coin

While immediate upside projections are cautiously optimistic, long-term Dogecoin projections—such as those shared by Kaleo and Trader Tardigrade—suggest that the meme coin could revisit or surpass previous all-time highs. Whether that leads to a move to $1 or beyond remains to be seen, but the foundation appears to be taking shape.

Final Thoughts

As the meme coin market regains traction, Dogecoin is flashing multiple bullish signals: a double bottom breakout, a falling wedge resolution, and increased whale accumulation. Analysts believe that DOGE could be on the verge of a major rally, especially if it conquers the $0.17 resistance zone.

With historical patterns, technical breakouts, and trader sentiment aligning, the dogecoin price prediction narrative is turning increasingly positive. While short-term volatility remains a risk, the long-term dogecoin potential could make current levels an attractive entry point for risk-tolerant investors.

Whether DOGE can hit $1 again—or even exceed it—is still uncertain. But as momentum builds, one thing is clear: Dogecoin is no longer just a meme. It’s a market force to be reckoned with.