Dogecoin (DOGE) Breakout Is on the Horizon, According to Market Analysts

Market analysts emphasize that Dogecoin's breakout is on the horizon according to their analysis. Among those, popular trader Tardigrade has addressed one of the notable moves that grew on Dogecoin's weekly chart, a pattern that is taking shape on the Gaussian Channel, which closely mirrors a pattern signaling a big up move in late '24.

Popular cryptocurrency trader Tardigrade has highlighted a notable move that is growing on Dogecoin's weekly chart. The trader noted the pattern that is taking shape on the Gaussian Channel, which closely mirrors a pattern signaling a big up move in late '24.

Dogecoin Has Potential For A Breakout

According to Tardigrade, Dogecoin (CRYPTO: DOGE) had 4 consecutive red candles print inside the green mid-band of the Gaussian Channel. The rally was preceded by a strong upward rally. Now, in April 2025, the same sequence of four candles has come back with the same hopes.

#Dogecoin Weekly Chart with the Gaussian Channel shows four completed red candles, with the current week's candle potentially passing through the mid-band, forming a green candle.

Trendline resistance targets the price near the $1 mark

. $Doge pic.twitter.com/lwjOy3GD1Z

With this, Tardigrade added that it is a bullish signal as the current week's candle is already turning green, possibly reversing the bearish trend recently observed. However, a green candle closing above the mid-band would normally be the signal of fresh upward momentum.

"But in this case, it's continuing an existing move that began in December with a strong rally off the lower band of the channel."

Later, on April 27, analyst MasterAnanda pointed out what he named a ‘final buying call’ for Dogecoin in a TradingView post. He mentioned the ABC correction pattern completion, which is a forecaster of the bullish impulse wave.

The recent price action has been traced by MasterAnanda who reveals that after attaining an amount of $0.4846, on December 8 Dogecoin started its correction. In January, the A-wave dumped the A into $0.2627 with an 55%, B-wave bouncing 66% up to $0.435. The C-wave is corrected to a steep 70% decline in which the peak is $0.1298, a key support.

Even though DOGE recovered from that low, MasterAnanda still believes the token is value for money. He describes a possible rally to $0.703 and added that this could be the final opportunity for investors to enter at a favorable price level.

"This is a great entry-level price at which to start a position in anticipation of a potential rally to the $0.703 mark. "

But analyst Ali Martinez takes a more measured but still encouraging approach. According to his latest analysis, the only way for Dogecoin to pursue to longer term bullish trend is by reclaiming the $0.20 close, on a monthly basis. The current level is important to him as this should confirm the strength of the current recovery and acts as support to a carry on recovery rally.

"A monthly close above the $0.20 is needed to confirm the strength of the current recovery and set the stage for a continuation of the recovery rally."

These converging analyses have rejuvenated the Dogecoin community's ambition, with traders paying close attention to the imminent breakout's confirmation.

Martinez recently analyzed Dogecoin (DOGE) and noted the $0.20 as the base of an ascending wedge pattern that Dogecoin (DOGE) started to trade within in 2017. Despite DOGE falling below this long standing channel, Martinez also noted that a rebound above this threshold might start a new rally in bullish momentum.

According to the market scenario, the key resistance levels are set to validate any bullish trend. Should the current green candle remain intact and the $0.20 mark be firmly reclaimed, analysts suggest there may be minimal resistance preventing Dogecoin from advancing toward the long-anticipated $1 milestone.

News data source: kdj.com

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