Dogecoin (DOGE) price is gearing up for a major move, as three top analysts highlight key technical patterns that suggest the top memecoin is nearing the end of its consolidation phase and potentially the start of a new bull cycle.
DOGE Dominance Near Bounce Zone, Says Clown WZRD
Market analyst Clown WZRD sees Dogecoin price approaching a critical zone on the DOGE/BTC and DOGE dominance charts. He points out that DOGE.D, currently at 0.85%, is hovering just above a long-term support range near 0.65% — a level that has triggered major rallies.
“If DOGE.D hits 0.65% again, that’s where I’d go big,” WZRD said, suggesting the setup offers strong risk-reward potential.
Historically, DOGE dominance has surged to over 2% from this base. Meanwhile, DOGE/BTC is holding just above its multi-year support around 0.00000170 BTC, which has attracted accumulation in prior cycles.
Together, these charts signal that DOGE price may be near the bottom of its current range, with upside possible if sentiment improves.
EWT: DOGE Entering Next Impulse Wave Toward $1 and Beyond
Elliott Wave analyst EWT believes Dogecoin has completed its long consolidation phase and is now building toward a new major impulse wave.
His chart outlines a clean five-wave structure, identifying the current move as the beginning of wave (3) within a larger cycle targeting the $1.12 level first, and potentially extending to $3.17 and even $6.80 based on Fibonacci projections.
DOGE price has finished wave IV and is now in early wave V, EWT’s chart implies, suggesting the current correction is wave (2) of the first sub-wave of the next major bull phase. The key pivot zone around $0.074 is marked as the invalidation level — if DOGE holds above it, the bullish count remains intact.
The short-term target, according to EWT, is around $0.77. That aligns with prior highs and offers a potential 4x return from current levels if the wave count plays out.
Trader Tardigrade: Dogecoin Primed for Another Explosive Move
Analyst Trader Tardigrade points to a recurring pattern on Dogecoin’s monthly chart that suggests another parabolic rally may be forming. According to him, DOGE price is currently riding the Gaussian Channel — a technical zone that has historically preceded major bull runs.
The chart shows three distinct Gaussian Channel rebounds:
- In 2017, DOGE surged by over 4,200%
- In 2021, it exploded by more than 16,000%
- Now in 2025, the setup hints at a possible 2,300% rally, targeting $4.21
Tardigrade calls this latest setup a continuation of the long-term trend, where each Gaussian Channel rebound fuels a much larger move. “#Dogecoin is riding the Gaussian Channel, anticipating decent profit potential,” he notes.
This analysis supports the idea that DOGE price could be repeating its previous supercycles, using historical momentum zones as launch pads.