Dogecoin (DOGE) Shows Fresh Signs of Strength, May Be Preparing for Its Next Major Breakout

While DOGE still sits around $0.18–$0.19, still well below its 2021 peak of $0.74, but momentum is building across technical indicators and macro-pattern setups.

Dogecoin (DOGE) is showing fresh signs of strength on both short- and long-term charts, with analysts signaling that the meme coin may be preparing for its next major breakout.

While DOGE still sits around $0.18-$0.19, still well below its 2021 peak of $0.74, but momentum is building across technical indicators and macro-pattern setups. Multiple well-known chart watchers have now outlined key levels to watch - with targets ranging from $0.25 in the short term to as high as $10 by 2025 if broader cycle conditions hold.

Ali Martinez Flags $0.20 Monthly Close as Breakout Trigger

On-chain analyst Ali Martinez shared a DOGE monthly chart showing a major breakout attempt. According to Martinez, a monthly close above $0.20 would confirm a trend reversal and signal the start of a bullish cycle.

If #Dogecoin $DOGE can secure a monthly close above $0.20, it could pave the way for a rally toward its all-time high of $0.74. Such a breakout would signal strong bullish momentum and potentially attract increased investor interest.

If this resistance is broken, “DOGE may aim for $0.74 and beyond,” he posted on social media platform X.

Breakout Retest Pattern Shows Momentum, Says Trader Tardigrade

Echoing the bullish sentiment, popular trader “Trader Tardigrade” sees a classic breakout-retouch-continuation setup on DOGE's daily chart. The chart clearly shows DOGE breaking above a key resistance line, retesting it as support, and starting a fresh leg upward - a classic technical pattern.

Long-term Trendline Breakout

This 4-month trendline marks the start of the journey to $1

The trader is calling for a short-term target of $0.25 and a longer-term projection of $2.80, saying the current setup is similar to previous pre-rally formations seen in earlier Dogecoin cycles.

Related: Beyond the Bark: Charting Dogecoin's Path Through Support & Resistance

DOGE Within 10-Year Channel: Eyes $10 to $15 by Late 2025

A third analyst, 'Potts', is meanwhile watching Dogecoin's movement inside a 10-year ascending price channel. His key condition: DOGE must close above $0.20 on the monthly timeframe to avoid a false breakout.

In his recent analysis, Potts noted that during the 2021 rally, DOGE failed to reach the top of the channel - implying that the final blow-off top for this cycle may be delayed rather than denied.

"We could be looking at a cycle top sometime in late 2025, with DOGE reaching as high as $10-$15 if momentum continues."

Technical Indicators Suggest Strength, With Some Caution

On the daily timeframe, Dogecoin's RSI (Relative Strength Index) is above 52, indicating increasing strength without being overbought.

The MACD also flashed a bullish crossover earlier this month, signaling growing momentum in favor of buyers. The histogram remains bullish but the intensity of the bars is declining, suggesting rising selling pressure.

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