Dogecoin Price Prediction: DOGE Eyes Multi-Dollar Surge

Dogecoin Signals Powerful Upswing Ahead as Traders Boost Long Position

Dogecoin (DOGE) price could be poised for another historic breakout, with analysts targeting a major cyclical setup repeating previous bull runs. The meme coin, which is trading around the $0.15 area as of writing, is showing strong technical recovery signals that suggest the beginning of a new upward supercycle that could ultimately shoot above the $1 mark with continued building momentum.

Dogecoin Price Prediction: Is It a Bull Cycle?

Trader Tardigrade highlighted that the long-term chart shows that the meme coin has repeated cycles that are associated with consolidation, correction, and massive surges. The last cycles in 2015-2017 and 2019-2021 were preceded by a long accumulation period before bursting into a bullish wave.

Analyst predicted DOGE price prediction impulsive move as the price completes its recovery triangle pattern. The chart by Trader Tardigrade shows a repeating setup where Dogecoin consolidates, forms a green recovery triangle, and then triggers a sharp rally. 

DOGEUSD 1D CHART | SOURCE: X

Each previous impulsive move followed similar consolidation and recovery phases, hinting that another breakout could follow soon. If the pattern holds, DOGE price may attempt a strong upward move once it clears the current resistance region.

The current setup is similar to those earlier structures. After a two-year correction from the high of 2021, the coin seems to be building a new base of accumulation. The analyst's chart shows this phase with upward-trending green arrows, suggesting that DOGE may be beginning the early stages of its next impulsive wave. If history is repeating, a sustained breakout could push the Dogecoin price towards the $1 range.

In addition to this, the visual symmetry in cycles strengthens the bullish argument. Tardigrade's projection shows that the higher Dogecoin lows and repetitive impulsive patterns remain intact, which is a sign that the asset may again reward patient holders as it moves into a new growth phase.

Technical Indicators Confirm Bullish Breakout

Further adding to this outlook, another chart from the analyst Tardigrade shows a confirmed breakout over a line of descending resistance on the daily chart. The breakout was followed by a strong bullish close, indicating renewed upward momentum.

DOGEUSD 1D CHART | SOURCE: X

Supporting indicators also reflect optimism. The MACD line has crossed above the signal line, indicating a definite change from bearish to bullish bias. The bars showing enlarging histograms suggest momentum growth, with the zone near $0.19 acting as a significant short-term support. As long as Dogecoin price trades above this zone, analysts predict a gradual rise towards the next level of resistance at around $0.25 and even beyond.

Institutional Traders Reinforce Sentiment

Analyst CW noted that 77.82% of top traders in Binance are currently holding long positions in DOGE price, indicating strong institutional confidence. Both account-level and position-based ratios have sharply rebounded, indicating renewed accumulation following dips recently.

Binance Top Trader Long/Short Ratio | Source: X

This progressive growth in the long exposure demonstrates that traders are preparing to extend the uptrend. If this sentiment is held, the medium-term perspective of DOGE is expected to be bullish, given the breakout structure. As historical cycles coincide with traders betting bullish, the Dogecoin Price prediction narrative is pointing to another massive super cycle.