Dogecoin (DOGE) price has drawn strong attention as analysts spot bullish technical patterns. The memecoin may surge as it gains more institutional interest. Experts suggest the highest price could reach $1.4, citing patterns such as the ascending broadening wedge and symmetrical triangle as signs of upward momentum.
Ascending wedge points to Short-Term gains
Trader Tardigrade recently identified an ascending broadening wedge on DOGE’s chart. This pattern suggests price volatility within support and resistance levels, hinting at upward momentum. The initial target is $0.48, which could trigger a massive 190% surge toward $1.4 if the breakout confirms bullish continuation.
The wedge shows consolidation and climbing trend potential. Dogecoin’s price movement within this range is critical to watch. A breakout above $0.48 would signal the start of a rally, potentially propelling the price toward $1.4 by mid-2025. Traders should track price behavior to validate momentum and breakout strength.
Triangle pattern suggests Long-Term upside
Another bullish signal comes from a symmetrical triangle on the weekly chart on TradingView. The consolidation pattern reflects buying pressure near $0.23 support. As the triangle narrows toward its apex, DOGE is likely to break upward, testing key resistance levels, including the psychological $1 mark.
The triangle’s apex indicates that a breakout is very close. Riding over the $1 resistance might let the price explode to a significant extent. Therefore $1 is the hurdle that every analyst is talking about. Investors should keep an eye on such a breakout because if the pattern is confirmed, it could validate further ascent and become a solid bullish case for DOGE.
Dogecoin price forecasts remain bullish despite volatility
DOGE’s current forecast for August 2025 is $0.25-$0.30, but the analysts believe that there is much more room to the upside. With community support and adoption, DOGE could reach $1, and some forecasts could even go as far as $1.07. Both technical and fundamental setups imply that the memecoin still has a lot of room for profits.
Dogecoin’s chart reading and community support remain bullish. Traders are ready to execute their trades at breakout points, especially $0.48 and $1. Market volatility is still here, but the technical indicators suggest that the memecoin might give solid profits. This situation places DOGE among the most monitored crypto-assets for mid-2025.
