Dogecoin Primed for Surge to $0.82, Analyst Predicts

Amidst a robust upward price movement, top analyst and trader Ali Charts has outlined Dogecoin's (DOGE) potential trajectory towards $0.82.

Technical Analysis

DOGE currently trades at $0.460458, marking a notable 17.35% gain in the past 24 hours. Ali Charts' technical analysis on X shows a decisive breakout from a symmetrical triangle pattern, signaling a bullish surge.

DOGE has maintained solid support at $0.35, with a secondary foundation at $0.32. The consistent higher lows in price action suggest sustained buying interest.

Breakout with High Volume

The breakout occurred with elevated trading volume, lending credibility to the upward movement. The symmetrical triangle pattern emerged after DOGE ascended from $0.20, providing a framework for further price expansion.

Technical Indicators Suggest Higher Targets

DOGE faces its next significant hurdle at its previous all-time high of $0.74418. The measured move from the triangle pattern sets an intermediate target of $0.50, which has already been surpassed. Ali Charts projects a steep upward trajectory towards $0.82.

Strong Support Structure

A robust support structure has emerged during this rally. The price consolidation near $0.35 has established a solid foundation for buyers. This level coincides with previous resistance zones, which now serve as support for the ongoing surge.

Volume Analysis and Price Momentum

Trading volume data corroborates the strength of the current uptrend. The breakout from the triangle pattern witnessed above-average volume, indicating genuine market participation. The clean chart structure suggests minimal selling pressure at current levels.

The market sustains steady buying momentum without significant corrections. Each support level has held firmly during minor pullbacks, enabling DOGE to establish new price ranges. The volume profile complements the price action, demonstrating consistent market engagement throughout the rally.