Dogecoin’s bullish momentum has captured market attention, with analysts projecting a significant rally ahead. One expert, known as MangoMan4 on TradingView, now predicts that Dogecoin (DOGE) could surge as high as $0.85, marking a 218% increase from its current price.
This outlook follows weeks of sustained gains and a crucial breakout above long-standing resistance levels, reinforcing the possibility of a major bullish continuation for the leading meme coin.
Dogecoin Posts Fourth Consecutive Weekly Gain
Dogecoin has shown remarkable strength in recent weeks. The meme token climbed 38% last week alone, pushing its four-week growth to an impressive 77%. This performance marks four consecutive green weekly candles, an extremely bullish sign on longer timeframes.
According to MangoMan4, this sustained rally has shifted the market structure in Dogecoin’s favour, indicating the potential for even higher prices in the near future.
DOGE Breaks Through Multi-Month Resistance Trendline
The analyst notes that Dogecoin recently broke above a descending resistance trendline that had held firm since a price rejection in February. Attempts to overcome this trendline in May failed, as DOGE faced heavy rejection three weeks in a row at the same level.
This time, however, DOGE successfully broke through that resistance, and even surpassed another key supply zone between $0.20 and $0.22. This double breakout confirms the formation of higher highs and higher lows, a textbook bullish pattern that typically precedes sustained rallies.
The breakout also reflects the release of months of price compression, setting the stage for strong upward movement as market conditions improve.
Price Targets: $0.52, $0.75, and $0.85
Although Dogecoin has pulled back slightly this week, MangoMan4 remains confident in the coin’s bullish trajectory. He identified the $0.48 to $0.52 range as the next key resistance area to watch. DOGE last touched these levels in December 2024 and May 2021, respectively.
Beyond that zone, the analyst projected a long-term target between $0.75 and $0.85. A move to $0.75 would represent a 180% increase, while a push to $0.85 would deliver the full 218% gain and surpass Dogecoin’s all-time high of $0.748.
However, this rally hinges on Dogecoin maintaining support above $0.20, a level that now serves as a crucial horizontal support zone. If this level holds, and Bitcoin remains relatively stable, the setup could support a full bullish continuation toward the projected highs.
Related article: After Banking $540K on Ethereum and PEPE, Trader James Wynn Goes All-In on Dogecoin
$0.85 Might Be Just the Beginning
While MangoMan4 sees $0.85 as a major milestone, other analysts believe Dogecoin could go much further in this cycle.
Crypto trader Tardigrade has forecasted that DOGE could surge to $1.46 or even $4, driven by speculative fervour and meme coin momentum. Similarly, CryptoELITES believes Dogecoin could ultimately reach $5, citing mass adoption and community support as key catalysts.
Although these ultra-bullish targets are speculative, they underscore the excitement surrounding Dogecoin’s renewed momentum, particularly now that it has broken out of its long-term suppression.
Final Thoughts
Dogecoin’s technical breakout and strong weekly performance have reignited bullish sentiment across the crypto space. With analyst projections now eyeing $0.85, the meme coin may be gearing up for a historic rally, if it can maintain key support levels and market conditions remain favourable.
