The latest price trend of Dogecoin shows a significant shift in the trend structure supported by various bullish breakout patterns. Technical analysts confirm this from daily and weekly charts, with levels set much higher than the current price.
Bull Flag and Downward Trendline Breaks Technical Change
DOGE's price recently broke through the long-term downward trendline, signaling the first step in a potential upward structure. This trendline has defined the prevailing bearish momentum since January 2025, marking a series of lower highs and ongoing selling pressure.
Trader Tardigrade has shared insights highlighting DOGE's breakout above this resistance level, emphasizing the structural significance of the pattern. According to the analyst, the token surged after surpassing $0.17, a short-term support level during the consolidation process. The analyst also pointed out a new bullish flag forming, following the breakout move towards $0.19.
Based on chart data, the flag appears between $0.175 and $0.185, indicating reduced volatility and controlled pullbacks. The price structure of DOGE currently maintains a bullish flag-pole pattern, where the price consolidates without breaking crucial support levels. The analyst confirms that the breakout above the trendline remains valid, with no significant sell-off disrupting its structure.
DOGE price data from mid-January to early May confirms the ongoing downtrend prior to this reversal pattern. During the breakout session, the chart showed high volume, reinforcing the strength behind this move. The vertical structure also indicates a higher low forming after the breakout, replacing the previous lower high.
Multi-Cycle Trend Forecast Aiming for $1.10 Bullish Potential
Another analyst provided a broader perspective, evaluating DOGE's price action in the long-term logarithmic channel. Analyst Bitcoinsensus provided comparative analysis using DOGE/USDT weekly candles, identifying three major bullish cycles.
The analyst describes that this channel contains higher lows and highs, with each correction bouncing off dynamic support levels. DOGE has maintained this structure since 2023, with previous bullish phases achieving increases of +290% and +440%. The analyst added that DOGE recently reversed from the $0.13 level, preparing for the anticipated third wave.
This phase anticipates a +740% increase, targeting $1.10 in Q3 2025 if the current structure remains intact. The recent bullish move of DOGE aligns with similar moves from previous cycles, respecting the support boundaries of the channel. The current weekly candle places DOGE near $0.18, within the channel, and heading towards continued upward momentum.