$DOGE

Dogecoin is Heating Up: Is a Major Breakout on the Horizon?

Dogecoin is making waves again—with a 38% surge in the last 30 days, the popular meme coin is drawing serious attention. Analysts are now pointing to a classic bullish pattern known as Livermore’s Cylinder, suggesting DOGE might be gearing up for a powerful move, potentially taking it as high as $1.50 in the coming months.

Technical Signals Point to a Breakout

Since bottoming out in October 2023, Dogecoin has been trading inside a bullish megaphone pattern. Now, analysts believe this accumulation phase may be ending. According to TradingShot, a well-known voice on TradingView, DOGE has reached the top of its range and could be ready to explode higher. Another analyst, Tardigrade, echoed this sentiment, noting that DOGE is “primed to pump.”

Whales Are Loading Up—and That’s a Big Deal

The technical setup is only part of the story. On-chain data shows whales have been snapping up DOGE—over 1 billion tokens (worth around $250 million) were purchased by large wallets in just 48 hours. Meanwhile, trading volume jumped 77%, hitting $6.43 billion last week. This kind of big-money activity often signals strong confidence and growing momentum.

Price Predictions: $0.31 Soon, $1.50 Later?

According to CoinCodex, DOGE could hit $0.25 by the end of July and $0.31 by mid-August. The Fear & Greed Index shows a "Greed" score of 72—an indicator that bullish sentiment is in control. With 67% of the last 30 days in the green and volume on the rise, many traders are starting to take notice.

If the trend continues, the dream of DOGE hitting $1.50 might not be so far-fetched after all.

🚀 Is Dogecoin your next move?