Here’s Why an Explosive Breakout Could be Coming for Dogecoin Investors

A crypto analyst has highlighted Dogecoin (DOGE) as a promising investment, citing key technical patterns that signal a potential price surge.

Known as CobraVanguard on TradingView, the analyst pointed to two bullish formations on the 4-hour chart that suggest Dogecoin could break out in the near term.

The first pattern, an Ascending Triangle, indicates growing buying pressure and hints at a breakout if resistance between $0.37 and $0.40 is surpassed.

The second pattern, the Cup and Handle, points to a continuation of upward momentum after a period of consolidation.

READ MORE:

Solana Futures ETFs May Arrive Sooner Than Expected

If these patterns hold, Dogecoin could rally to $0.50, representing a nearly 39% increase from its current trading price of $0.36.

Adding to the analysis, the possibility of a Butterfly pattern—a harmonic signal often linked to reversals or trend continuations—could also play a role in shaping DOGE’s price movement.

Dogecoin has already seen a 6.3% gain in the past 24 hours and over 15% growth in the past month, further fueling optimism about its short-term potential.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.