Dogecoin News Today: Dogecoin's technicals highlight 400% rally to $1 on bullish chart pattern

Dogecoin's recent price action has drawn attention from traders and technical analysts, who highlight a bullish macro pattern suggesting a potential rally toward $1. The cryptocurrency, currently trading at $0.1956, has formed what some describe as a "Livermore Accumulation Cylinder" on its chart, a historical setup linked to sharp price surges. Emilio Biojan of CoinMarketCap notes that this pattern, observed in past crypto cycles, could propel Dogecoin to $1 or higher [1]. Technical indicators reinforce this optimism: the price has broken above the critical 0.25–0.26 support zone, which now acts as a floor, while a rounding bottom on the daily chart and a bullish MACD crossover further signal upward momentum [1]. Analysts point to historical precedents where similar patterns preceded rallies exceeding 300%, though they caution that such outcomes depend on maintaining key price levels above $0.30 and $0.35 [1].

The broader market context adds nuance to this analysis. While Dogecoin’s $24 billion market cap underscores its growth potential, the rally remains speculative, driven by retail enthusiasm rather than fundamental catalysts like institutional adoption or regulatory developments. A continuation pattern identified by market observers suggests further upside, though forecasts such as Carter’s "bullish setup" cited in a Facebook post remain untested [2]. Critics emphasize that volatility is inherent to the asset class, and a $1 target—over 400% higher from current levels—requires sustained buyer interest and favorable macroeconomic conditions.

Traders are closely monitoring Dogecoin’s ability to hold above $0.30, with subsequent breakouts at $0.35 and $0.50 unlocking higher targets. Historical data indicates that securing these thresholds could create a psychological barrier at $1, as seen in prior cycles. However, the absence of concrete fundamentals means the trajectory hinges on technical momentum and speculative demand. Analysts advise caution, noting that patterns do not guarantee outcomes and that shifts in risk appetite or news events could disrupt the bullish narrative.

While the focus remains on Dogecoin’s chart dynamics, the article also references a parallel speculative narrative around Remittix (RTX), a newer token raised $17 million through a 564 million RTX sale. However, these details are peripheral to the core analysis of Dogecoin’s technical setup and are omitted in favor of a focused examination of the primary subject.

Source: [1] [Dogecoin chart prints bullish macro pattern suggesting $1 is not far away](https://invezz.com/news/2025/07/24/dogecoin-chart-prints-bullish-macro-pattern-suggesting-1-is-not-far-away/) [2] [Useless coin predicted to rally to 1 billion market cap](https://www.facebook.com/groups/731648625597845/posts/1107444764684894/)