The Dogecoin Prize looks to witness an outbreak over the psychological $ 1 level, after breaking a resistance trend line. Crypto analyst Trader provided a timeline for when this huge wave could happen as Dogge Rallies to a new All-Time High (ATH).
Dogecoin Price Eyes Rally Over $ 1 After Crime against Resistance Trend Line
In one X postTrader Tardigrade predicted that the Dogecoin prize could collect over $ 1 after a break over the resistance trend line. He revealed that Dogge has broken out from a half -time Resistance trend line At the same time there are no signs of a false break.
He added that this price movement is similar to those in February 2024, when there was a massive wave after a period of speed.
In line with this he claimed that if Dogecoin price Performing a similar structure, then a massive wave can happen in May 2025, with the meme coin that exceeds the $ 1 mark. His accompanying chart showed that Dogge collected from about $ 0.09 to as high as $ 0.18 last time it witnessed a similar momentum structure.
In another X post, he also gave a hooked view of the Dogecoin Prize. Analysts confirmed it Doges Wyckoff accumulation Haven’t missed. Traders Tardigrade noted that in Phase C followed a test spring, a signature movement in Wyckoff accumulation.
At the same time, phase D contained several low support points (LSP), signs of strength (SOS) and backups (bu). He added that when Dogecoin is consolidated around $ 0.18 interval for a while, it will enter phase E to complete the pattern and start a massive rally for the MEME coin. The Dogecoin Price is expected to reach $ 0.26 in phase E before it is collected to new heights.
Doge has performed well in this bike
In an X post, Crypto analyst Kevin Capital Stated that the Dogecoin Prize has already performed “exceptionally” well in this cycle, given the macro state for high interest rates, lowering money, high inflation and quantitative sharpening. Based on this, he expects Dogge to perform even better when monetary relief policies start to come into place.
He predicts that the Dogecoin Prize could accumulate at least $ 3 when there is an increasing amount of money and lower interest rates, where the Fed calculated to start reducing interest rates in June and July. The analyst noted that there is also lower inflation, which is evident through the trueflation indicator.
Therefore, quantitative sharpening policies are likely to end soon, which is haus -like for the leading meme coin. It is worth mentioning that the Dogecoin price grew to its current local heights of $ 0.45 after Fed lowered interest rates last year.
At the time of writing, the Dogecoin price is traded at about $ 0.18, an increase of almost 3% over the past 24 hours, according to data From Coinmarketcap.
Image from Unsplash, charts from TradingView
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