- Dogecoin’s MACD breakout signals potential rally, mirroring past sharp price surges.
- Cup and handle pattern hints at $2 target, with key resistance at $0.185 level.
- 2017 cycle fractals suggest a long-term rally with projected price surge toward $4.
Dogecoin is once again grabbing the spotlight as multiple technical analysts predict a significant price surge in the coming months. The meme-inspired cryptocurrency, at press time trading at $0.2034, has shown impressive gains of over 10% in the last 24 hours and more than 21% in the past week. With a market capitalization exceeding $30 billion and a daily trading volume above $2 billion, Dogecoin’s momentum is attracting serious attention.
According to recent technical readings, a mix of bullish indicators, including a MACD breakout, cup and handle pattern, and similarities to the 2017 bull cycle, suggest that the asset could be on the verge of a major rally potentially reaching as high as $20.
MACD Breakout Sparks Optimism
Technical analyst Trader Tardigrade recently shared a chart highlighting a breakout on Dogecoin’s MACD indicator. This breakout occurred from a triangle formation, a setup that has often preceded significant price increases. Previously, similar breakouts in March and September triggered sharp upward moves in DOGE’s value.
Besides the MACD’s bullish crossover, the chart also shows a rounded bottom another indicator of strong upward pressure building beneath the surface. This technical pattern, when combined with historical precedent, suggests that Dogecoin may soon enter an accelerated growth phase.
#Dogecoin MACD is emerging from a triangle consolidation 🔥
— Trader Tardigrade (@TATrader_Alan) March 25, 2025
This could lead to a massive PUMP for $Doge 🚀 pic.twitter.com/IJtUREcIVD
Cup and Handle Pattern Points to $2 Target
Another bullish signal comes from Crypto Elites, who identified a developing cup and handle pattern on the DOGE chart. The cup’s rounded base has formed, and the handle is currently in progress. This structure typically ends with a breakout once price clears key resistance.
Currently, that resistance sits near $0.185. A break above this level could trigger a rapid climb toward $2. According to Crypto Elites, the lower handle zone is now acting as a support level. This area often attracts buyer interest ahead of major moves, reinforcing the bullish outlook.
I expect Dogecoin to rise 10X in total!
— @CryptoELlTES (@CryptooELITES) March 25, 2025
I know the way—join my Telegram channel!
📢 Tg: https://t.co/EeTzlid4ek#Doge $Doge #Memecoin pic.twitter.com/Cq0XRLdzxS
2017 Cycle Fractals Support Longer-Term Rally
Meanwhile, analyst KrissPax believes Dogecoin’s current price movement mirrors its 2017 cycle. By comparing chart structures from both periods, KrissPax notes the same formation unfolding.
If this pattern continues to play out, the analyst projects a longer-term price target of $4. This move would mark the start of a second major breakout, much like what occurred in the previous bull market.
