- Dogecoin is showing signs of a major breakout as a Golden Cross pattern forms on its weekly chart, historically linked to 200–300% rallies.
- Rising retail and whale holdings further support the bullish outlook, suggesting DOGE could soon target the $0.51–$0.68 range.
Dogecoin (DOGE) may be on the verge of a massive price breakout, with technical indicators flashing green for a potential 200%–300% rally. Despite trading slightly lower at $0.17, analysts believe the popular meme coin is building up for a powerful upward move.
Golden Cross Alert: Dogecoin’s Bullish Catalyst
Crypto analyst Tardigrade has identified a critical formation on Dogecoin’s weekly chart—the Golden Cross. This pattern, where the 10-week simple moving average (SMA) crosses above the 20-week SMA, is widely seen as a bullish signal.
Tardigrade points to two previous Golden Cross events:
- In November 2023, DOGE skyrocketed 232%, from $0.06 to $0.229 by March 2024.
- A second cross in October 2024 triggered a 313% rally, taking DOGE from $0.10 to $0.48 by December.
If history repeats itself, Dogecoin could soar to $0.51 to $0.68, marking a 200% to 300% gain from current levels.
Market Structure & Ownership Trends Back the Bullish Setup
Beyond the charts, Dogecoin ownership data reveals a telling story. In the past 30 days:
- Retail holders increased by 1.44%, signaling growing grassroots support.
- Whales—large DOGE holders—boosted their stakes by 0.34%, reinforcing confidence among the top tier.
- Meanwhile, mid-tier investors reduced holdings by 2.59%, suggesting a redistribution that often precedes sharp price moves.
These shifts align with technical signals, indicating renewed bullish sentiment brewing across investor classes.
While short-term dips might worry some traders, Dogecoin’s long-term setup is looking increasingly bullish. With a Golden Cross on the horizon and strong support from retail and whale wallets, DOGE could be gearing up for a major breakout. If past performance is any indication, a surge to new yearly highs may be closer than many expect.
