- Dogecoin has broken a significant mid-term resistance line with no signs of a false breakout.
- Chart patterns echo the 2024 surge, hinting at a bullish May 2025 run.
- Analyst Trader Tardigrade forecasts DOGE could surpass $1 if current momentum holds.
Dogecoin could be on the verge of significant upside action after a breakout from a mid-term resistance trendline. Crypto analyst Trader Tardigrade brought to the fore a remarkable similarity between the present price action of Dogecoin and the same pattern observed in the first half of 2024, a development that saw the cryptocurrency grow by 75%.
In the present 2025 configuration, DOGE fell from $0.15 in January to a trough in April of close to $0.12. Yet by mid-April, there was a reversal. The breakout above a falling trendline was also accompanied by a tangible buildup in momentum and a spike in volumes, factors all combining to indicate a changing market attitude. Tardigrade asserts there “are no signs of a false break,” supporting the possible validity of such a bullish indication.
This breakout took place near the $0.18–$0.20 level. Analysts usually take such a structure, a strong base formation followed by a clean breakout and a rise in volume, as a classic indication of a sustained rally to come.
Dogecoin’s April 2025 move looks like its 2024 rally
To put all of this into perspective, Tardigrade likened the April 2025 price action to Dogecoin’s February 2024 breakout. Then, the token ascended from a consolidation at $0.08 to a high of $0.14, a close to 75% rise in a span of mere days. The breakout in 2024 also followed the development of momentum and was propelled by a rise in volume, similar to what’s currently in the process of transpiring.
Both the 2024 and the 2025 charts have downward-sloping resistance lines that were cleanly broken, indicating renewed bull interest. For each, significant market participation at the time of the breakout hinted at more widespread investor confidence.
While the price context has changed, $0.18 having become the breakout level in place of $0.08, the market behavior pattern holds steady. Tardigrade takes advantage of this mirrored configuration to predict the same aggressive breakout in May 2025.
Long-Term forecast shows potential for dogecoin to Hit $1
Tardigrade’s analysis suggests that Dogecoin might rise to $0.31-$0.35 in the near term if history repeats in terms of percentages. For the long term, he boldly estimates the possibility of reaching above $1, a 400% leap from the breakout level.
Even so, volatility remains a possibility for crypto. If the price falls again below the newly found support at about $0.18, the bullish formation could be broken. Broader market sentiment, changing sentiment, or taking profits could also dampen momentum.