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 Analyst Doubles Down On Bold Dogecoin Forecast A new analysis by Mikybull Crypto, a prominent market expert on X social media, reveals that 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 surge toward 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 described the 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.  DOGE Breakout Structure Reinforces Rally Setup A second technical analysis by crypto market expert Unipcs on X delivers a similar bullish outlook for the Dogecoin price. His chart highlights a tightening wedge structure, where DOGE has been consolidating below 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 In an earlier post, he pointed out that Dogecoin’s structure still looked bullish on the Higher Time Frame (HTF), coinciding with the FED interest rate cut and the DTCC listing of a new Dogecoin ETF in 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

يظهر دوجكوين اتجاهًا صعوديًا كبيرًا، حيث يشير المحللون إلى أنه قد يصل إلى مستويات قياسية جديدة، مع استهداف 0.8 دولار. يتم دفع هذا الارتفاع المحتمل بواسطة تشكيل نادر على الرسم البياني يشير إلى زخم قوي نحو الأعلى. مع اكتساب دوجكوين المزيد من الزخم، قد يجذب المزيد من المستثمرين، مما يعزز وجوده في السوق وقد يؤثر على المشهد الأوسع للعملات المشفرة.

Dogecoin está experimentando una tendencia alcista significativa, con analistas sugiriendo que podría alcanzar nuevos máximos históricos, específicamente apuntando a $0.8. Este posible rally está impulsado por una formación gráfica rara que indica un fuerte impulso ascendente. A medida que Dogecoin gana tracción, podría atraer a más inversores, aumentando aún más su presencia en el mercado y posiblemente influyendo en el panorama más amplio de las criptomonedas.

Dogecoin connaît une tendance haussière significative, les analystes suggérant qu'il pourrait atteindre de nouveaux sommets historiques, avec un objectif spécifique de 0,8 $. Ce rallye potentiel est alimenté par une formation graphique rare qui indique un fort élan à la hausse. Alors que Dogecoin gagne en popularité, il pourrait attirer davantage d'investisseurs, renforçant ainsi sa présence sur le marché et influençant potentiellement le paysage plus large des cryptomonnaies.

Dogecoin is experiencing a significant bullish trend, with analysts suggesting it could reach new all-time highs, specifically targeting $0.8. This potential rally is driven by a rare chart formation that indicates strong upward momentum. As Dogecoin gains traction, it could attract more investors, further boosting its market presence and possibly influencing the broader cryptocurrency landscape.

Dogecoin Face-Melting Rally: This Bullish Impulse Will Send Price Toward $0.8 ATH

Lower adjusted net asset value multiple means Strategy can no longer issue equity at a premium, threatening its long-term plan to accumulate more bitcoin, analyst Brett Knoblauch wrote.

شهدت أسهم Strategy انخفاضًا كبيرًا، مما دفع Cantor إلى خفض هدفه السعري بسبب انخفاض مضاعف القيمة الصافية للأصول المعدلة. وأشار المحلل بريت كنوبلاخ إلى أن هذه الحالة تمنع Strategy من إصدار الأسهم بسعر أعلى، مما يهدد خططها طويلة الأجل لتجميع المزيد من البيتكوين.

Las acciones de Strategy han experimentado una fuerte caída, lo que llevó a Cantor a reducir su objetivo de precio debido a un múltiplo de valor neto de activos ajustado más bajo. El analista Brett Knoblauch destacó que esta situación impide que Strategy emita acciones a una prima, poniendo en peligro sus planes a largo plazo para acumular más bitcoin.

L'action de Strategy a connu une forte baisse, incitant Cantor à réduire son objectif de prix en raison d'un multiple de valeur nette d'actif ajustée plus bas. L'analyste Brett Knoblauch a souligné que cette situation empêche Strategy d'émettre des actions à un prix supérieur, mettant en péril ses plans à long terme d'accumulation de bitcoin.

Strategy's stock has experienced a significant decline, prompting Cantor to reduce its price target due to a lower adjusted net asset value multiple. Analyst Brett Knoblauch highlighted that this situation prevents Strategy from issuing equity at a premium, jeopardizing its long-term plans to accumulate more bitcoin.

Dogecoin Face-Melting Rally: This Bullish Impulse Will Send Price Toward $0.8 ATH

Was this article worth reading? Share it