Key takeaways:
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DOGE price previously rallied 445% from an RSI bullish cross that’s again in play.
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A possible breakout from an ascending triangle targets $0.65 in the days ahead.
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Bullish analysts say DOGE price can reach $1 for the first time in the next few months.
Dogecoin’s (DOGE) relative strength index (RSI) produced a bullish signal in Q4 2024, a period that saw DOGE’s price rise by about 445% within a few months.
A similar DOGE price fractal is now unfolding on the charts, with a potential breakout in the coming weeks.
Past DOGE rallies saw 300% and 445% gains
The Relative Strength Index, or RSI, is a popular momentum indicator used in technical analysis that helps traders identify the strength and direction of a trend in an asset’s price.
The indicator has produced a “bullish cross” on the monthly chart, as shown in the figure below.
Related: Can BNB, Solana, and Dogecoin rise further in October?
Previous instances show that DOGE tends to rise sharply when the RSI line (purple) crosses above the SMA line (orange). The cryptocurrency’s gains were 302% between October 2023 and April 2024 and 445% in Q4 2024.
“Whenever this signal flashes on $DOGE, pay attention,” said analyst Mikybull Crypto in an X post on Sunday, adding:
“This only indicates that a big move is imminent.”
The chart above also reveals that the bullish cross of the RSI also aligns with the price retesting the 20-period simple moving average on the same time frame.
This is usually followed by a “huge bullish move,” Mikybull Crypto wrote, adding:
“$DOGE is ready to $1 from the bullish move that’s about to hit.”
Will DOGE jump 160%?
An ascending triangle formation on the two-day chart indicates a strengthening bullish outlook, with upside targets around $0.65, or a 161% increase from current price levels.
Analyst Mags is optimistic about much higher gains ahead, however, citing institutional interest from Dogecoin treasury companies and possible spot ETF approvals, which are expected in mid-October.
Dogecoin’s “God candle is incoming,” the analyst said in an X post on Tuesday.
An accompanying chart showed that DOGE’s breakout from a multimonth downtrend could see the top memecoin blast past the 2021 all-time highs above $0.73 toward $1.20.
“$DOGE to $1 + is inevitable.”
As Cointelegraph reported, multiple onchain and technical indicators also paint a picture for a DOGE price rally in Q4 2025.