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Cryptocurrency News Articles

Dogecoin (DOGE) Price Targets 88.97% Breakout Toward $1 as It Completes Rare Adam and Eve Double Bottom

May 25, 2025 at 01:57 am

Dogecoin price targets an 88.97% breakout toward $1.08 as it completes a rare Adam and Eve double bottom on the weekly chart.

Dogecoin price is targeting an 88.97% breakout toward $1.08 as it completes a rare Adam and Eve double bottom on the weekly chart. The meme coin is consolidating near $0.228, following a rounded Eve bottom from mid-2022 to late 2024, and a sharp retracement and spike forming the v-shaped Adam structure in early 2025.

The Adam and Eve pattern is a bottoming structure that typically marks the end of a prolonged downtrend. It comprises two distinct troughs — a rounded “Eve” followed by a steep “Adam”, which usually signals a shift in momentum once price breaks above the neckline resistance.

For Dogecoin, the neckline sits around $0.56958, with the lowest trough near $0.058. The projected breakout target is derived by measuring the vertical distance from the pattern’s lowest point to the neckline at $0.51158. Adding this to the neckline yields a bullish target of $1.081, implying a potential breakout of 89.97%.

A weekly close above $0.56958, boosted by rising volume and momentum, would validate the pattern and mark the start of a sustained uptrend.

In addition, higher lows in DOGE’s market structure along the Adam leg suggest momentum is building. If bulls manage a decisive breakout above the neckline, the $1.00 psychological level could come back into focus for the first time since 2021.

Whales Scoop 3.61B DOGE Suggesting Continuation Upwards

On-chain data builds up on Dogecoin's bullish outlook after highlighting a notable surge in whale accumulation. Addresses holding between 100 million and 1 billion DOGE bought an additional 3.61 billion tokens since January 23, 2025.

According to the data, these addresses have steadily accumulated the meme coin, suggesting a growing interest in DOGE among large investors.

Historically, Dogecoin price has responded to spikes in whale activity with massive upside moves. For instance, during the 2023.2 quarter, these large investors scooped up 2.4 trillion SHIB amid a 130% surge in the meme coin.

If the rate of buying continues, it could provide the boost that Dogecoin's price needs to break above the $0.569 resistance. Afterward, the next resistance level is seen at $0.669, which could be reached if buyers maintain their pace.

Will DOGE Price Follow Pattern And Breakout?

Historically, “Adam and Eve” double bottom pattern has led crypto bull runs, a similar pattern was seen on Solana charts in October 2024. Weekly chart formed this pattern around the $130–$140 zone which led to a breakout above $160 on 7 Oct. 2025.

Dogecoin is forming a similar pattern and looks ready for a similar price rally.

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Other articles published on May 25, 2025