Cryptographic analyzer Chris Backes Drawing the community’s attention to the bullish pattern that has formed for Dogecoin price. In line with this, the analyst expects Dogecoin to soon record a double-digit price rise.
Dogecoin price is eyeing a double-digit rise
in Share XKrissPax predicted that the price of Dogecoin could enjoy a double-digit rise soon. This came when he revealed that Dogecoin had been hacked for two weeks Descending wedge. He added that after the bounce, DOGE could enjoy a bullish reversal as it rises back above $0.40.
The $0.40 price level is important as Dogecoin price formed crucial support around this range when it registered The first stage From the bull race. As such, a rise above $0.40 could pave the way for the top meme coin to begin the next phase of its bull run. A rally to an all-time high (ATH) of $0.74 could be a possibility for Dogecoin, and then a push to the long-awaited $1 level.
And in another X post, Chris Backes It provided further optimism that Dogecoin price is preparing for a bullish reversal. He stated that Dogecoin just finished retesting the upward slanting resistance line as support and has already risen by 6% in 2025. He added that the rise is expected to continue. The accompanying chart showed a rise as high as $2.
Crypto whales are also looking to anticipate a rebound in the price of Dogecoin. Bitcoinist reported that Dogecoin recorded a 41% surge Large transactionsWith $23.35 billion traded within 24 hours. This increase indicates a cumulative trend among DOGE whales. This is also bullish for the first meme coin, as these investors can contribute to the price recovery.
A big pump could happen this week
Cryptographic analyzer Master Kenobi I expect the price of Dogecoin to see a significant rise this week. He noted that a cycle ago, there was no sign of the massive pumping on DOGE that occurred 258 days after the Bitcoin halving. Cryptocurrency analyst expects DOGE price to reach at least $1.2 this week if history repeats itself.
He added that the price of Dogecoin could reach $3.4 in a “very optimistic” scenario. Cryptographic analyzer Dima James It also recently provided a bullish outlook for Dogecoin. He predicted that the first meme coin would cross the $11 mark before the end of this year. Based on historical trends, the analyst raised the possibility of the meme coin rising to $23 or even $36.
At the time of writing, Dogecoin price is trading at around $0.34, up more than 3% over the past 24 hours, according to Data From Coin Market Cap.
Featured image created with Dall.E, chart from Tradingview.com
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