News View Non-AMP

Dogecoin To Rally 500%? Predictions and Potential Breakout Ahead

Published by
Nidhi Kolhapur

Amidst the fluctuations within the meme coin market, Dogecoin has showcased promising upward momentum. Dogecoin’s price has been on an uptrend following the rise of altcoins in Q4. According to crypto analyst Javon Marks, Dogecoin might see new highs with over 405% predicted gains. The Dogecoin price has surged by over 5% over the past day to trade at around the $0.148 mark.

Moreover, Ali Martinez has also predicted a 25% surge to around the $0.175 mark if Dogecoin breaks past its key resistance level of $0.143. 

Dogecoin price surged by more than 75% in October to reach $0.172 ahead of the month’s close, its highest level since May 2024.

The gains could be largely attributed to Elon Musk as he had shared his plans at Trump’s New York campaign rally on Oct. 27, of saving $2 trillion in taxpayers’ money through his brainchild agency, the Department of Government Efficiency, which interestingly has the same initials as the Dogecoin ticker, DOGE.

DOGE Entering A Breakout?

Notably, Dogecoin is now displaying a technical pattern that could take its price higher towards $1 and beyond. This stems from its breakout from a giant symmetrical triangle pattern which has been active since April 2021.

Dogecoin price has demonstrated a symmetrical triangle breakout during the 2020-2021 period, where it broke above the pattern’s upper trendline in October 2020 and followed that up with an astonishing 31,375% rally.

As of October 2024, DOGE’s price looks like it is entering a similar breakout stage. DOGE’s price is eyeing $2 as its potential upside target in the coming years, with a potential of reaching $1 in 2025.

Additionally, what supports this bullish viewpoint is Dogecoin’s weekly relative strength index (RSI), which leaped from a historical support zone of around 46 in July.

Could Trump Win Impact DOGE Price?

The newfound Musk-Trump accord could further boost Dogecoin’s hype if Trump wins the 2024 election.

Musk has also confirmed that he will work with the Trump administration on efficiency initiatives, with the shared “D.O.G.E.” acronym raising speculation and strengthening Dogecoin’s meme appeal. 

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

3 Best Altcoins for High ROI in 2025

Now that we’ve seen the worst of the crypto market, it’s time to prepare for…

April 28, 2025

$330 Million Bitcoin Hack Drives Monero’s Price Surge

The crypto world was jolted overnight as Monero (XMR) prices surged by more than 50%,…

April 28, 2025

XRP Becomes Most Traded Altcoin in Japan, Surpassing Ethereum

Japan’s banking sector is gearing up for a major shift, with nearly 80% of banks…

April 28, 2025

Why XMR Price Surging Today – Key Reason Behind It

Monero (XMR), known for its focus on privacy and anonymity, has surged nearly 50%, reaching…

April 28, 2025

Top Token Unlock Upcoming This Week- Is a Major Volatility on the Horizon?

The crypto markets are getting stronger and stronger as Bitcoin sustains strongly above the gains.…

April 28, 2025

Cardano Price Prediction: Hoskinson Predicts $3, $5 and $10 ADA Soon

Charles Hoskinson, the founder of Cardano, has made bold predictions for ADA. According to him,if…

April 28, 2025