Dogecoin (DOGE), the most popular meme coin with a reputation for recording parabolic rallies in previous bull cycles, is once again grabbing attention in the crypto market. Analysts are eyeing a possible 200% rally for the Dogecoin price as multiple bullish technical patterns and historical setups resurface across the charts.
According to CoinMarketCap data, although currently trading at approximately $0.1635, Dogecoin has shown early signs of strength after a prolonged consolidation phase. Analysts believe this quiet accumulation period could lay the groundwork for DOGE’s next explosive move—a familiar story for long-time token holders.
Dogecoin Price Holds Crucial Support at $0.13
On April 14, crypto analyst Ali Charts shared that the Dogecoin price is gearing up for a big week. According to his analysis, a weekly close above the key $0.17 resistance could open the door for a move toward $0.21 and potentially even $0.29. However, the bullish outlook depends on DOGE holding its crucial support zone at $0.13.
Ali’s chart highlights that $0.13 has been a reliable support level over the past year. A strong defense of this level increases the probability of a breakout above $0.17 — a price point that has acted as resistance since early 2024.
“A close above $0.17 could open the door to $0.21 or even $0.29,” Ali noted, adding that this level is critical for triggering a larger bullish breakout.
A Familiar Pattern from the Past?
Another crypto analyst, Javon Marks, pointed out a repeating bullish structure on the DOGE chart, adding to the bullish sentiment. According to his post, Dogecoin’s price is forming a pattern similar to its previous pre-all-time high (ATH) breakouts.
Javon believes this structure could result in a massive price explosion, with the potential for at least a 200% to 330% surge, targeting prices above $0.73 in the long term.
“This can result in an AT-LEAST +200% to +330% move above $0.73,” he wrote, referring to Dogecoin’s tendency to build momentum quietly before unleashing aggressive rallies.
This analysis aligns with the perspective of another analyst, CryptoSurf. He says Dogecoin’s current price trends give him the “2017 vibes.”
His chart indicates that Dogecoin is currently entering a market pattern similar to one observed during the 2017–2018 bull run when it went from being unknown to making global headlines.
DOGE Technical Indicators Lean Neutral but Improving
Dogecoin’s technical indicators are mostly neutral, indicating that the DOGE price is in a waiting phase.
Data from TradingView shows that the DOGE/USDT trading pair has a mixed signal on the weekly chart. There are 11 “sell” signals, 8 “neutral” signals, and 7 “buy” signals.
The Relative Strength Index (RSI) stands at 40.57, meaning DOGE is not overbought. Other indicators, like the Awesome Oscillator and Commodity Channel Index, are also neutral, suggesting there is potential for buyers to enter.
Similarly, DOGE’s moving averages (MAs) portray a mixed outlook. Long-term MAs, such as the 100-day and 200-day MAs, are bearish, but short-term averages show signs of a possible trend change if the price rises above critical resistance levels.
This neutral-to-bullish setup indicates that Dogecoin is currently stabilizing in a narrow range and preparing for a breakout similar to past surges.
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