The post Dogecoin Price Could Hit $0.50 If This 2024 Rally Pattern Plays Out Again appeared on BitcoinEthereumNews.com.

DOGE Price chart is repeating the same pattern that it followed in 2024. An analyst points out, this pattern led to 200% gains last year. Meanwhile, supporting the bullish analysis the odds of a spot DOGE ETF getting approved have also soared to 74%. DOGE Price Mirrors 2024 Pattern, Eyes 200% Surge Between March and October 2024, the Dogecoin price struggled beneath a downward-sloping resistance line. For eight straight months, momentum was not strong enough to push DOGE above it. But everything changed in early November, when a broader market rally kicked in, lifting most coins, including DOGE, past key resistance levels. During these eight months, another thing happened. Higher lows were formed. That indicated that selling pressure dropped gradually. This paved the way for the DOGE price to see the 200% gains that it recorded from $0.159 on November 3 to $0.484 by early December. A similar pattern is now taking shape, with a downtrending resistance line and gradually rising support levels. According to the analyst, Dogecoin did not just move above this line. It came back to retest the old resistance level, which now seems to be holding as support. That kind of move usually suggests that selling pressure is fading and buyers are starting to take control. Dogecoin Price Chart (Source: X) Therefore, if the same thing that happened last year is happening now, the Dogecoin price might surge by 200%. That means that it could move from the current price ot $0.20 and reach $0.60. Getting to $0.60 is a short-term outlook. For a long-term Dogecoin price forecast 2025 and beyond, more action might happen. Dogecoin ETF Approval Odds Soar According to Polymarket, the odds of the SEC approving a spot Dogecoin ETF have jumped significantly. In just two days, expectations have surged from 46% to…

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Filed under: News - @ August 5, 2025 8:22 pm