Dogecoin is currently one of the most promising cryptocurrencies that the sector has to offer to investors. The token has lately been moving at a sluggish pace, but it’s yet to deter its investors from making moves, hinting at how loyal they are when it comes to supporting DOGE at large. In addition to this, Dogecoin has recently been exhibiting significant price movements, with chart formations indicating an imminent price hike brewing in the background. A key bullish signal for DOGE is back, and if it unravels exactly as it did years ago, it could send DOGE soaring to new highs. Here’s what this key signal is about.
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Dogecoin Brewing a New High? This Key Signal Says Yes
Dogecoin has long been suffering from bouts of low price progress and sluggish price performance. The token has been trading at a low price range of $0.16 and is unable to move past critical barriers to explore new highs. In the middle of this, a leading analyst by the name of Trade Tardigrade on X predicted a bullish price prediction for Dogecoin, drawing analysis on how the token is flashing a major bullish indicator on its price chart.
Speaking about the signal in detail, Trade Tardigrade stated how Dogecoin has lately been forming “falling wedges patterns repeatedly on its chart.” Historically, each falling wedge pattern has been accompanied by a major bullish price hike afterwards, showcasing a significant price momentum building for DOGE in the background.
“#Dogecoin has been forming falling wedges repeatedly on support levels. 🔥Each falling wedge has been followed by a decent bull run.”
#Dogecoin has been forming falling wedges repeatedly on support levels. 🔥
— Trader Tardigrade (@TATrader_Alan) June 29, 2025
Each falling wedge has been followed by a decent bull run.$Doge/W1 pic.twitter.com/6I80YVWwfY
Short-Term Price Target for the Token
In addition to this, another key crypto analyst, Ali Martinez, has issued a short-term price target for Dogecoin. Per Martinez, DOGE can embrace a bullish breakout if it manages to cross the critical price level of $0.17. At present, the token is up 2%, sitting at $0.16, waiting for a direct push to help the token stabilize its price in the long run.
Speaking about the token’s next potential target, Martinez stated that crossing the $0.17 price level can help the token claim a new high of $0.21.
“If Dogecoin $DOGE can reclaim $0.17—and with the TD Sequential buy signal now present on the 3-day chart—it could unlock a rebound toward $0.21.”
If Dogecoin $DOGE can reclaim $0.17 — and with the TD Sequential buy signal now present on the 3-day chart — it could unlock a rebound toward $0.21. pic.twitter.com/BkVgxNdihW
— Ali (@ali_charts) June 28, 2025
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