Dogecoin Could Be Ready for Another Big Rally — Possibly Above $1
Dogecoin might be preparing for a strong comeback, as its price chart is showing a pattern similar to one seen before a major rally in 2023–2024. Right now, Dogecoin is sitting at an important support level — the same level where its last long-term uptrend started. Some analysts believe this could be the start of a new bullish phase that might push Dogecoin’s price above $1.
Past Pattern Suggests Dogecoin Could Reach $1
Crypto analyst Trader Tardigrade predicts that Dogecoin could jump from its current price of around $0.15 to as high as $1.10 in this cycle.
He pointed out that on the weekly chart, Dogecoin has touched its long-term support line for the third time in the current 2021–2026 cycle. This is important because the same thing happened in late 2023, just before Dogecoin began a slow but steady rise throughout 2024.
In the past cycle, after touching the support level three times, Dogecoin's price reversed strongly and entered a bullish phase. The current chart looks very similar, with higher lows forming along a rising trendline — a sign of growing strength.
Based on this pattern, the analyst believes that if history repeats, Dogecoin could start another strong move upward, possibly surpassing $1 by 2026.
Bullish Signs Grow Stronger After Breakout
On a smaller 2-hour chart, Dogecoin recently broke out of a Descending Channel, which had been holding the price down. This breakout shows that the downtrend might be ending, and a new upward trend could be starting.
Technical tools also support this idea:
- RSI (Relative Strength Index) has moved above its resistance zone, showing stronger buying pressure.
- MACD is showing increasing positive momentum — a common early sign of a trend reversal.
Trader Tardigrade explains that Dogecoin often shows signs of a big rally on these smaller timeframes before the move appears on the larger charts. With momentum growing, the analyst believes Dogecoin may already be starting a new uptrend.
