Dogecoin’s price is attracting attention when crypto analysts outline potential Roadmap toward a bullish $5 target. Supported by technical chart patterns and bullish signals, the analyst unveiled five factors that are key drivers in the upward trajectory of Doge projection.
Technical indicators point to Dogecoin price gathering
Bitcoin Galaxy’s latest technical analysis of Dogecoin monthly charts on TradingView predict That Large-scale rally It may appear on the horizon, which will reduce the Governor from its current price of $0.24 to $5. Chart analysis shows that five compelling bullish signals could lay the foundation for this displacement price increase.
Digging into the monthly timeframe shows that Dogecoin may be repeating the same settings A long-standing surge in 2021. First, as they performed before the last Bull run, the 20-month and 50-month moving averages (MA50 and MA20) are reliable support. Dogecoin’s price has recently rebounded from this support area, reflecting the Previous bull cycles.
Another signal highlighted by analysts is Relative Strength Index (RSI). Currently, Doge’s RSI is still relatively low on the monthly chart, but shows potential for upward movement. In previous cycles RSI rises at level 80 Before blowing the top. Currently, there is enough room to grow to 80%, Momentum of domycin It may be built for another price gathering.
The Bitcoin Galaxy chart also shows that despite market turmoil, Dogecoin has long maintained a critical level of support, showing strength and resilience. The price of meme coins rose by about 20,399% during the last test and holding this support.
schedule Dogecoin’s emphasis on bullish structure It may also be consistent. The previous bull rally took about six months (181 days) to peak, with around $0.477 in 2021 starting with a similar technical setup. If the same pattern unfolds, the chart indicates that October 2025 may mark the climax of price heights.
The timeline puts June and July in a key window, with analysts suggesting strong bullish action can be seen and could trigger the start or middle of Doge’s expected rally phase. With these signals consistent, Bitcoin Galaxy believes that Dogecoin has a speed of $5, up 1,983% from the current market price.
$0.74 Resistance Key
It is worth noting that the Bitcoin galaxy highlights the $0.74 level as The key resistance of Dogecoin. A breakthrough beyond this threshold can prove the analyst’s bullish roadmap, heading towards a target of $4 to $5.
View the chart, resistance level and Ascending parallel channel From mid-2022 to date, it includes Doge’s price changes. As long as the price stays within its boundaries, the channel will usually have an upward momentum.
Featured Images from Getty Images, TradingView.com Charts
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