Dogecoin (DOGE), the original meme coin that started as a joke, is now the subject of serious speculation again. A top analyst believes that DOGE could be gearing up for a massive rally, potentially rising by 174% to hit the $0.65 mark. While the idea may seem wild, market patterns, investor sentiment, and historical rallies are painting a compelling picture.
📈 Technical Setup Points to a Breakout
Popular crypto analyst Crypto Nagato posted a detailed chart outlining the bullish structure forming on DOGE’s daily chart. According to his analysis, DOGE is currently in a consolidation zone that mirrors the accumulation phases seen before its previous explosive rallies.
He highlights that if DOGE breaks the $0.24–$0.28 resistance zone with convincing volume, it could ignite a parabolic run, leading to a target of $0.6533, the analyst’s “first major target” in the current cycle. That would represent a 174% surge from current price levels.
🐶 Sentiment Shift and Whale Accumulation
Whale activity has also been ramping up. According to on-chain data from Santiment, DOGE wallets holding over 10 million tokens have been quietly accumulating. Historically, this kind of behavior often precedes major price movements, especially when followed by a social media sentiment spike.
Dogecoin has seen an uptick in positive mentions on platforms like X (formerly Twitter), with renewed meme interest coinciding with Elon Musk’s ongoing AI and crypto integrations at X. As a known supporter of DOGE, Musk’s indirect influence can never be discounted.
🚀 History Repeats?
DOGE has a well-documented history of defying odds. During the 2021 bull run, it surged from less than a penny to an all-time high of $0.7376, making headlines and creating millionaires. If DOGE repeats even a fraction of that rally, the predicted $0.65 target becomes entirely plausible.
Analysts point out that while DOGE lacks the advanced utility of other tokens, its cultural capital and community-driven hype continue to drive value in ways traditional financial metrics can’t always measure.
🔑 Conclusion
Dogecoin may have started as a meme, but its price trajectory in previous cycles shows that the coin can deliver serious gains. With bullish technical indicators, whale accumulation, and its historical pattern of explosive growth, DOGE's road to $0.65 may not be as far-fetched as it sounds. Still, traders should be cautious and remember that meme coin rallies can be as volatile as they are exciting.
⚠️ Disclaimer
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high level of risk and volatility. Always conduct your own research (DYOR) and consult a professional financial advisor before making any investment decisions.
