Dogecoin (DOGE) may target $1.10 by year-end if it repeats its historical breakout cycle, based on fresh technical signals and analyst data.
A recent TradingView analysis by user @InvestingScope shows Dogecoin’s daily chart holding a familiar structure. The Relative Strength Index (RSI) sits at 37.555, near levels where reversals have started in previous cycles. The MACD remains slightly negative at –0.00967, showing weak momentum, while the Average Directional Index (ADX) near 29.193 indicates the trend is building but not yet confirmed.
The same post shows a descending triangle on the daily timeframe. This pattern shows lower highs pressing into a flat base near $0.14–$0.15. In past cycles — notably 2017 and 2021 — Dogecoin broke this setup to the upside once the neckline cleared, pushing through the Mayer Multiple Band, a technical band measuring how far an asset trades above its long-term average.
Historical data shows that after confirming this breakout, DOGE rallied about 800% in 2017 and over 1,000% in 2021 before peaking.
DOGE Breakout Could Lift Market Cap Significantly
At the current price near $0.17, Dogecoin’s circulating supply of 149.93 billion DOGE gives it a market cap around $26 billion. A move to $1.10 would lift that value to about $164 billion, assuming supply stays flat. This scale would put DOGE among the largest crypto assets again, similar to its peak during the 2021 run.
Recent daily volume has climbed over 116%, reaching about $1.44 billion in 24 hours. While this shows renewed activity, it remains far below levels seen in past breakouts. In 2021, Dogecoin’s daily volume crossed $20–$30 billion during its strongest moves. Volume closer to those levels would help validate the pattern.
Dogecoin’s historical rallies have often depended on broader capital flows. Bitcoin Dominance (BTC.D) now holds near 65%, meaning most crypto liquidity stays in large caps instead of riskier meme coins. This can limit how far coins like DOGE move without a separate hype driver.
Bitcoin remains steady near $109,000, keeping overall sentiment stable but making it less likely that traders rotate quickly into DOGE unless new headlines or social trends appear.
Weekly Structure Aligns With Analyst’s Target — With Conditions
On the weekly chart, DOGE to USD holds its double bottom near $0.14–$0.15, with candles testing resistance just below $0.18. The weekly RSI stands around 44–45, roughly matching past cycle conditions when breakouts formed.
However, volume remains moderate. If DOGE holds above $0.16 and closes above the $0.18 neckline, the next near-term zone sits near $0.22–$0.25, in line with previous resistance levels.
The weekly chart supports the same base that @InvestingScope mapped out. But the muted volume and mixed momentum indicators mean the larger push toward $1.10 still depends on stronger buyer interest and possible meme-driven sentiment shifts.
Futures funding rates and open interest could also push short-term price swings higher or lower if DOGE tests the neckline. High leverage and sudden liquidations have historically amplified breakouts or breakdowns near these levels.
Dogecoin’s strongest spikes have rarely come from technical signals alone. Past rallies were triggered by surprise tweets or viral moments. Similar social catalysts could help Dogecoin push above its neckline and keep volume rising if Bitcoin Dominance stays high.
The cycle only holds if DOGE protects its double bottom base and closes above the neckline. If the $0.18 level fails and volume fades, the Mayer Band projection could stall. If the base at $0.14–$0.15 breaks, fresh support could appear lower.
