Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Dogecoin (DOGE) is currently showing signs of entering one of its strongest bullish phases yet, with an analyst pointing toward a rare chart formation that could trigger a powerful upside rally. According to technical analysis, Dogecoin may be on its way to hitting new all-time highs, with $0.8 marked as the next bullish target. Related Reading Bitcoin Rockets Past $119K, Analysts Now Eye $130K Target 2 days ago Analyst Doubles Down On Bold Dogecoin Forecast
A new analysis by Mikybull Crypto, a prominent market expert on X social media, revealsthat Dogecoin has completed the critical phases of a Bump and Run reversal chart pattern—a setup that historically precedes explosive breakouts. With price action already reclaiming its trendline, the analyst has doubled down on earlier forecasts, predicting that the DOGE price could experience an explosive surgetoward the $0.8 level.
Sharing a price chart, Mikybull clearly highlights the textbook Bump and Run reversal, which consists of a lead-in phase, a bump phase, and a final breakout followed by a throwback to the trendline below $0.23. DOGE’s weekly price action has mirrored this chart structure, with the recent move back to retest the broken resistance now serving as a potential springboard for the next phase.
In technical terms, this “throwback” often marks the last opportunity for accumulation before the real rally begins. Mikybull, who has been closely tracking Dogecoin’s macro setup, emphasized in his X post that “the main bullish rally is about to kick off.” In an earlier update, the analyst describedthe upcoming bull phase as a “ face-melting rally,” noting that the Bump and Run pattern is rare but extremely reliable when confirmed.
At the time of writing, Dogecoin is trading slightly above $0.25, and a rally to the projected $0.8 target would represent a massive gain of approximately 220%. Such a move would propel DOGE’s price beyond its 2021 record high of $0.73, setting a fresh ATH with an additional 9.6% upside. DOGEUSD currently trading at $0.25. Chart: TradingView DOGE Breakout Structure Reinforces Rally Setup
A second technical analysis by crypto market expert Unipcs on X deliversa similar bullish outlook for the Dogecoin price. His chart highlights a tightening wedge structure, where DOGE has been consolidatingbelow long-term resistance while forming a series of higher lows. Recently, the price broke out from this compression zone, reinforcing the meme coin’s bullish narrative.
Unipcs reiterated that “DOGE to $1 is a meme until it isn’t,” suggesting that this cycle could deliver the long-anticipated push toward the $1 price level. He further noted that Dogecoin looks primed for an aggressive move that could generate strong spillover effects for other major meme coins in the market. Related Reading Space Meets Crypto—Spacecoin Executes 1st Blockchain Transaction Beyond Earth 3 days ago
In an earlier post, he pointed outthat Dogecoin’s structure still looked bullish on the Higher Time Frame (HTF), coinciding with the FED interest rate cutand the DTCC listing of a new Dogecoin ETFin September. With Digital Asset Trusts (DATs) and institutional players already accumulating, the analyst maintains a strong bullish stance on the meme coin’s price outlook.
Featured image from Unsplash, chart from TradingView