Will Dogecoin Price Follow Its Long-Term Uptrend and Rally to $1 Soon?
The post Will Dogecoin Price Follow Its Long-Term Uptrend and Rally to $1 Soon? appeared on BitcoinEthereumNews.com.
Dogecoin (DOGE) price historical trend continues to draw attention. Analysts monitored a repeated motif that might lead to a strong surge to the $1 area. The most recent formations have indicated a structure similar to past bullish cycles. Technical and derivatives data have passed early tests of market positioning toward moving higher. Dogecoin Price Weekly Chart Forms Repetitive Pattern When analyzing Dogecoin price weekly chart, analyst Trader Tardigrade noted a consistent system of small and large rises. Each cycle started with a small pump, followed by a sharp rise that pushed the meme coin to a new level. Dogecoin Price Chart Source: X Notably, the past trends show a breakout to $0.22 in early 2024 and a further rise to 0.45 later in the year. Both of these moves occurred after a shorter-term up wave and were accompanied by a rising trendline. Similarly, the latest DOGE price action once more registers on this trendline, forming a base formation that resembles those seen previously. The chart had a similar pattern of pullbacks and rallies, where lesser consolidations are followed by a parabolic move. Additionally, this consistency may be forming the technical foundation for another expansion phase. Trader Tardigrade suggested that if this pattern continues to hold, Dogecoin price may be entering a setup that aligns with the previous rise-to-breakout sequences. Consequently, this is pointing toward the $1 region as a potential target. DOGE Price Monthly Chart Reinforces Long-Term Uptrend More so, Dogecoin price bullish long-term structure was further backed by the monthly chart. In a separate analysis, Trader Tardigrade observed that there were obvious breakouts following extended downtrends with three distinct historical cycles. Dogecoin Price Chart Source: X Notably, every cycle started with a severe correction and sharp recovery and maintained the upward momentum. Major reversal areas, marked by asterisks on…
Filed under: News - @ June 14, 2025 9:26 am