Dogecoin Charts Signal Breakout Pattern, $1 Target in Sight

Dogecoin (DOGE) is showing signs of a potential breakout after forming a bullish rising wedge pattern on the weekly chart.

In a post on X, crypto analyst Stonk Chris is bullish on Doge’s current set-up, expecting the token to cross the $1 mark according to the current technical patterns.

For context, Dogecoin is currently trading at $0.2222, a 3.7% rise in the past day. This uptick has pushed DOGE up 7.4% and 27.8% in the past week and month.

Breakout Level Sits at Ichimoku Cloud Resistance

Moreover, the current DOGE price is hovering just below the Ichimoku Cloud resistance, which spans from approximately $0.27 to $0.30. This zone has historically acted as a barrier to further gains.

A clean break above the cloud could confirm a bullish reversal and trigger a rally. The projected path in the chart shows DOGE surging to the wedge’s upper bound, potentially reaching $1.10. This would represent a price increase of over 400% from current levels.

Dogecoin Price Targets and Support Levels to Watch

If Dogecoin breaks above $0.30, the next upside targets are $0.45 and potentially $1.10, based on the wedge’s upper boundary. However, failure to break resistance could lead to a pullback.

Meanwhile, key support levels lie near $0.18 and $0.13, where Dogecoin previously found buying interest. Below that, the $0.055 low serves as a longer-term floor.

Other Analysts Predict Next Dogecoin Move

Moreover, prominent analyst Trader Tardigrade noted that Dogecoin has just completed its third point touch at the bottom of its long-term ascending channel on the monthly timeframe, a pattern historically followed by explosive rallies.

Dogecoin has completed the third point

The chart shows DOGE repeating a 1-2-3 accumulation phase similar to the 2015–2017 cycle, which led to a Dogecoin rally above $0.018 in 2017, before the 2021 all-time high of $0.74. This latest third touch suggests the end of the current consolidation period, signaling a potential start of a major bullish move.

If the pattern repeats, DOGE could first target the upper boundary of the channel, which projects a short-term rally to $0.45 and $0.75. Meanwhile, a breakout from here could see Dogecoin testing the $5–$15 range, consistent with past cycles. Notably, TraderTardigrade had earlier predicted a 235% rally to $0.6900 due to the larger consolidation base.

Meanwhile, crypto analyst Dogegod noted that Dogecoin may be set for a major reversal, highlighting a key bounce from $0.188 support on July 15. With momentum pushing DOGE to $0.288, near the top of an ascending channel, Dogegod predicts a 135.7% rise to $0.4854 and a potential breakout past the all-time high of $0.7376.