Dogecoin’s price is gaining renewed attention as a cryptogram analyst describes a potential Roadmap to an upward target of $ 5. Backed by patterns of technical graphics and upward signals, the analyst has presented five factors that are emerging as critical drivers in the projected ascending trajectory of Doge.
Technical indicators point to Dogecoin Price Rally
A recent technical analysis on the monthly Dogecoin table of Bitcoin Galaxy in TrainingView forecasts than a massive rally It could be on the horizon, one that would boost dogs of its current price of $ 0.24 to $ 5. The table analysis reveals five convincing bullish signals that could prepare the scenario for this increase in meteoric prices.
A deep immersion in the monthly framework shows that Dogecoin is repeating the same configuration that led to its Historic 2021 arises. First, mobile averages of 20 months and 50 months (MA50 and MA20) have acted as solid support, as they worked before during the last Toro race. The Dogecoin price recently recovered from this support zone, reflecting the early stages of the previous bull cycle.
Another signal highlighted by the analyst is the Relative Force Index (RSI). Currently, Doge’s RSI is still relatively low in the monthly chart, but shows a potential for the ascending movement. In previous cycles, the RSI rose around 80 level Before a top of displacement. With ample space to grow around 80%, Dogecoin moment I could be building for another price rally.
The Bitcoin Galaxy list also shows that Dogecoin has had a critical support level despite market turbulence, showing strength and resistance. The last time this support was tested and celebrated, Memes currency experienced a price increase of approximately 20,399%.
The timeline of Dogecoin’s upward structure It can also be aligning. The previous bull rally took about six months (181 days) to reach its peak, approximately around $ 0.477 in 2021, of a similar technical configuration. If the same pattern develops, the graph suggests that October 2025 could mark a significant price climax.
This timeline places in June and July in a critical window, which the analyst suggests that he could see a strong bullish action and probably trigger the beginning or in the middle of the projected Rally phase of Doge. With these aligned signals, Bitcoin Galaxy believes that Dogecoin is established for an increase of $ 5, which represents an increase of 1,983% from its current market price.
$ 0.74 Resistance key for Doge rupture
In particular, Bitcoin Galaxy highlights the level of $ 0.74 as a Critical resistance for Dogecoin. A rupture above this threshold could validate this analyst’s bullish roadmap towards the target of $ 4 – $ 5.
Looking at the graph, the level of resistance is aligned with the upper limit of a Ascending parallel channel That contains Doge price movements from mid -2012 to date. This channel often indicates a healthy impulse up as long as the price remains within its limits.
Getty Images’s prominent image, Record of TrainingView.com
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