Dogecoin Price Eyes $1 As Analyst Spots Bullish 2025 Breakout Pattern

Dogecoin price is showing signs of a major price surge. An analyst observed technical patterns that may recreate the 2016–2018 trend.

Based on historical data and rising market momentum, the analyst predicted Dogecoin price to reach $1, but when and how?

Dogecoin 2025 Cycle Mirrors Its 2016–2018 Breakout Pattern

In his monthly analysis, the analyst named Trader Alam examined Dogecoin (DOGE) price structure from 2016 to 2018. The fractal patterns found in the current cycle and the older one created evidence that similar historical events might play out again.

According to the analyst, DOGE displayed an extended bearish trend. It moved into a period of price stability before entering a breakout section.

Dogecoin price Chart Source: X

Both market cycles reveal that Dogecoin created a rounding base before soaring through intense accumulation patterns.

The observed pattern matches historic situations where breakouts occurred. According to Alan, the current DOGE price action fits within a comparable breakout zone. It could provide potential for a meme coin rally.

Dogecoin Price Enters Bullish Zone

The technical analysis by Trader Alan showed higher trading volume and monthly averaged closing prices for DOGE.

DOGE’s relative bullishness came from prolonged accumulation but may soon experience a breakout. A substantial market volume is evidence of an upcoming meme coin rally since it demonstrates increasing participation from investors.

The regular increase of monthly closing prices demonstrates that DOGE price attracts more investors who trust its potential. The bullish zone entry of DOGE creates favorable conditions that lead to substantial price growth.

The breakout zone, marked in green on Alan’s chart, suggested that DOGE could follow a similar path to its past cycles.

Alan’s Target is $1 DOGE

Analyzing past breakout patterns, Trader Alan made the rather optimistic prediction of Dogecoin price reaching $1. The projected steep price increase stems from DOGE’s past exits from consolidation phases across cycles.

According to the analyst, the fractal pattern’s continuation would enable DOGE to reach the $1 mark just like it did during its previous breakout phase.

The predicted Dogecoin value depends upon market-friendly dynamics alongside broader investment sentiment and market trends which affect price.

Elon Musk Shuts Down Rumors of DOGE Government Use

Despite the growing optimism around Dogecoin, rumors about DOGE being used in government applications have surfaced. However, Elon Musk, who supports Dogecoin, has officially responded to this speculation. Musk confirmed that Dogecoin will not become part of government application systems.

The Tesla CEO, during a town hall meeting, clarified that the department’s name—D.O.G.E.—was chosen for fun after feedback from the internet, not due to any crypto integration.

At the time of writing, Dogecoin price was trading at $0.1633, showing a 3.53% decline in the past 24 hours. The meme coin is experiencing volatility, with a low of $0.1620 and a high of $0.1694.