Dogecoin (DOGE) Price Prediction: Adam & Eve Pattern Suggests Bullish Breakout Could Be Coming

Dogecoin (DOGE) is trading at $0.2192, down 4.54% in the last 24 hours, with a market cap of $32.75 billion and $1.39 billion in trading volume. Despite the recent dip, technical and on-chain signals suggest DOGE may be gearing up for a big move.

Dogecoin price is up 0.40% in the last 24 hours to $0.2192, with a market cap of $32.75 billion and $1.39 billion in trading volume.

Dogecoin price fell 4.54% after tapping the 2-hour chart mid-term channel resistance and the 50-period EMA at $0.2293.

Dogecoin price action is rejecting at $0.2388-$0.2461 and an evening star candle was formed.

What happened: Despite the recent dip, technical and on-chain signals suggest DOGE may be gearing up for a big move.

On the weekly chart DOGE is forming a rare and powerful Adam & Eve double bottom pattern, which could see DOGE surge to $1.08—a level not seen since 2021’s crypto craze. The pattern’s rounded Eve bottom formed throughout 2022, followed by the sharp V-shaped Adam pattern in early 2025. With the neckline at $0.56958 and the lowest trough at $0.058, the projected breakout target is ~89%.

This is similar to past crypto breakouts like Solana’s October 2024 move from $140 to $160 after forming a similar pattern.

After cutting through the neckline, SOL experienced a rapid ascent, almost doubling in value within two months.

But on the 2-hour chart DOGE has broken below the mid-term channel and the 50-period EMA at $0.2293, putting the coin in a short term bearish trend.

Also read: Best Cryptocurrencies to Buy Now

What traders need to know:

Dogecoin price is currently testing the support at $0.2173 and further support lies at $0.2110. A break below this level could continue the sell-off towards the next key support at $0.2110.

On the other hand, a move back above the 50-period EMA at $0.2293 could shift the momentum back in favor of the bulls.

The MACD is currently in the bearish territory and forming lower highs, indicating that the selling pressure is still present.

Traders should be aware of this and look for potential reversal signals, such as a bullish engulfing candle or a narrowing MACD histogram, which could indicate an impending bullish move.

In addition to the technical analysis, on-chain data from Glassnode also shows that there has been a significant accumulation of Dogecoin by whales in recent months.

Since January 2025, wallets holding 100 million to 1 billion DOGE have seen an addition of 3.61 billion DOGE.

This is a bullish sign that shows that large investors are entering the market and positioning themselves for the next leg of the uptrend.

If history repeats, this combination of technical and on-chain signals could be the setup for a big move in Dogecoin price in the coming months.