Key takeaways:
The DOGE price previously surged 445% following an RSI bullish cross, which is currently in play again.
A potential breakout from an ascending triangle sets a target of $0.65 in the coming days.
Optimistic analysts forecast that the DOGE price could reach $1 for the first time in the upcoming months.
In Q4 2024, Dogecoin’s (DOGE) relative strength index (RSI) signaled a bullish trend, resulting in a price increase of approximately 445% over several months.
A similar price fractal for DOGE is currently appearing on the charts, with a potential breakout expected in the upcoming weeks.
Previous DOGE surges saw gains of 300% and 445%
The Relative Strength Index (RSI) is a widely-used momentum indicator in technical analysis that assists traders in detecting the strength and direction of an asset’s price trend.
It has created a “bullish cross” on the monthly chart depicted below.
Related:Can BNB, Solana, and Dogecoin advance further in October?
Historical data indicates that DOGE tends to experience significant price increases when the RSI line (purple) crosses above the SMA line (orange). The cryptocurrency saw increases of 302% between October 2023 and April 2024, and a 445% rise in Q4 2024.
“Whenever this signal appears on $DOGE, take note,” noted analyst Mikybull Crypto in a post on X, adding:
“This merely indicates that a significant move is on the horizon.”
The chart also indicates that the bullish cross of the RSI coincides with the price retesting the 20-period simple moving average within the same timeframe.
This is typically followed by a “huge bullish move,” Mikybull Crypto stated, adding:
“$DOGE is poised to reach $1 with the imminent bullish move.”
Is a 160% jump in DOGE likely?
An ascending triangle formation on the two-day chart suggests a strengthening bullish outlook, targeting around $0.65, which would represent a 161% increase from current price levels.
Analyst Mags expresses optimism for even greater gains ahead, citing institutional interest from Dogecoin treasury companies and anticipated spot ETF approvals expected in mid-October.
The analyst stated that Dogecoin’s “God candle is on the way,” in an X post on Tuesday.
A corresponding chart indicated that DOGE’s breakout from a prolonged downtrend could enable the leading memecoin to soar past the 2021 all-time highs of over $0.73, potentially reaching up to $1.20.
“$DOGE to $1 + is unavoidable.”
As Cointelegraph previously reported, various on-chain and technical indicators also suggest a DOGE price rally in Q4 2025.
This article does not offer investment advice or recommendations. Every investment and trading decision carries risk, and readers are encouraged to conduct their own research.
