A recent analysis from a prominent crypto X chart technical analyst has drawn attention to a potential bullish pattern in Dogecoin’s price movements, indicating that the beloved meme coin could be the financial underdog of the current cryptocurrency market.
Crypto Chart Trader Gives Dogecoin Thumbs Up
#Dogecoin consistently finds support at previous swing highs. It just rebounded from support matching a previous swing high.$DOGE may have completed its pullback and could surge again soon pic.twitter.com/dhfnblpj3v
— Trader Tardigrade (@TATrader_Alan) April 30, 2025
In a post dated April 30, Trader Tardigrade highlighted that Dogecoin has shown a consistent ability to find support at previous swing highs. The analyst stated, “It just rebounded from support matching a previous swing high,” noting that Dogecoin may have completed its pullback and could be poised for another uptrend.
$DOGE Huge Price Projection Target
Dogecoin is now entering its 3rd wave of upwards momentum, potentially aiming for a 740% price increase.
Next Price Target : 1.10$ per $DOGETrade $DOGE NOW on #BYDFi !
Get a 15% Cashback up to $1000 when you sign up and deposit on BYDFI… pic.twitter.com/JW0jj3scmi— Bitcoinsensus (@Bitcoinsensus) May 1, 2025
Historically, Dogecoin has demonstrated similar patterns of reversing at recent swing highs. The last time it found support at a swing high was in Q3 of the previous year, leading to an impressive rally towards the upper resistance line of its broader multi-year trend channel.
According to the analysis by Trader Tardigrade, if Dogecoin follows its previous trajectories effectively, we could see the price climb towards $0.80 per DOGE before the end of summer.
New All-Time High For DOGE Tokens?
#DOGECOIN road to $10!
If you’re still holding $Doge, you’re an absolute legend. pic.twitter.com/ZppO6UTzSK
— STEPH IS CRYPTO (@Steph_iscrypto) May 1, 2025
After experiencing a remarkable surge to $0.46 in December, Dogecoin’s prices have since cooled. Nevertheless, the historical patterns observed by analysts, including the decisive support seen in April, suggest a potential breakout could be on the horizon.
While Dogecoin may not have seen the same explosive growth over the past year as Bitcoin, it has consistently demonstrated the capacity for significant price rallies, reminiscent of the remarkable spikes noted in Spring 2021 and Winter 2024.
Notably, Bitcoin analyst Muro Crypto recently stated, “Once DOGE starts pumping, it would be the official signal for a legit altseason, it’s always been the altseason indicator.” This suggests that a major rally in Dogecoin could potentially signal larger movements across the cryptocurrency market.
As the market continues to evolve, Dogecoin remains an intriguing asset, particularly with the current patterns hinting at potential future gains. Investors and enthusiasts alike will be watching closely to see how this underdog might perform in the coming months.
