Key takeaways:
DOGE price previously surged by 445% following an RSI bullish cross, which is currently valid again.
A potential breakout from an ascending triangle could target $0.65 in the near future.
Optimistic analysts project that DOGE price could hit $1 for the first time in the upcoming months.
Dogecoin’s (DOGE) relative strength index (RSI) generated a bullish signal in Q4 2024, a time when DOGE’s price rose approximately 445% within a few months.
A similar pattern is currently forming on the charts, indicating a potential breakout in the coming weeks.
Previous DOGE rallies recorded 300% and 445% gains
The Relative Strength Index, or RSI, is a widely used momentum indicator in technical analysis that helps traders assess the strength and direction of price trends for assets.
This indicator has shown a “bullish cross” on the monthly chart, as depicted in the figure below.
Related: Are BNB, Solana, and Dogecoin set for further gains in October?
Historical data suggests that DOGE often experiences a significant rise when the RSI line (purple) crosses above the SMA line (orange). The cryptocurrency saw gains of 302% between October 2023 and April 2024 and 445% in Q4 2024.
“Whenever this signal arises on $DOGE, take notice,” noted analyst Mikybull Crypto in a post on X on Sunday, adding:
“This indicates that a significant move is on the horizon.”
The chart above also shows that the bullish RSI crossover corresponds with the price retesting the 20-period simple moving average within the same timeframe.
This is generally followed by a “massive bullish move,” Mikybull Crypto stated, claiming:
“$DOGE is poised to reach $1 from the bullish momentum that’s soon to emerge.”
Could DOGE rise by 160%?
An ascending triangle pattern on the two-day chart suggests a strengthening bullish sentiment, with potential targets around $0.65, representing a 161% increase from current price levels.
Analyst Mags is optimistic about much higher potential gains, citing institutional interest from Dogecoin treasury firms and possible spot ETF approvals expected in mid-October.
Dogecoin’s “God candle is on the way,” the analyst mentioned in a post on X on Tuesday.
A supporting chart illustrated that DOGE’s breakout from a multi-month downtrend could result in the top memecoin exceeding the 2021 all-time highs above $0.73, moving towards $1.20.
“$DOGE reaching $1 and above is inevitable.”
As reported by Cointelegraph, various on-chain and technical indicators also suggest a potential DOGE price rally in Q4 2025.
This article does not provide investment advice or recommendations. All investments and trading carry risks, and readers are encouraged to perform their own research before making decisions.
