The Dogecoin price is getting traction again as a crypto researcher describes a potential path to a bullish $5 objective. Based on technical chart patterns and positive signs, the analyst has identified five elements that are emerging as key drivers in DOGE’s anticipated upward trajectory.
Technical indicators point to a Dogecoin price rally
A new technical analysis of Dogecoin’s monthly chart by Bitcoin Galaxy on TradingView predicts a big rise, propelling DOGE from its present price of $0.24 to $5. The chart analysis indicates five strong positive signs that may pave the way for this astronomical price climb.
A close dive into the monthly time period reveals that Dogecoin is likely duplicating the setting that resulted in its historic 2021 spike. First, the 20- and 50-month Moving Averages (MA50 and MA20) have provided strong support, as they did during the last bull run. Dogecoin’s price has lately recovered from this support zone, reflecting the early phases of the last bull cycle.
The Relative Strength Index (RSI) is another indication that the analyst has emphasized. DOGE’s RSI is now quite low on the monthly chart, but it appears to be trending upward. Previous cycles saw the RSI rise to approximately 80 before a blow-off peak. With plenty of possibility to expand to 80%, Dogecoin’s momentum may be building for another price boom.
The Bitcoin Galaxy chart also illustrates that Dogecoin has long maintained a crucial support level despite market volatility, demonstrating strength and durability. The last time this support was tested and maintained, the meme coin’s price increased by about 20,399%.
The timing of Dogecoin’s indicated bullish structure might potentially be aligning. The last bull run took nearly six months (181 days) to reach its top, which was about $0.477 in 2021, according to a similar technical situation. If the same trend repeats, the chart shows that October 2025 might be a huge price peak.
This timeframe positions June and July in a pivotal window, which the analyst believes will witness significant bullish movement and likely mark the beginning or middle of DOGE’s anticipated rally phase. With these indications aligned, Bitcoin Galaxy expects Dogecoin will jump to $5, marking a 1,983% gain from its current market price.
Resistance at $0.74 is key to the DOGE breakout
Notably, Bitcoin Galaxy identifies the $0.74 level as a key barrier for Dogecoin. A break above this level might justify this analyst’s positive outlook for the $4 – $5 objective.
Looking at the chart, the resistance level coincides with the upper border of an ascending parallel channel that contains DOGE’s price fluctuations from mid-2022 to the present. This channel frequently indicates strong rising momentum as long as the price remains within its limits.
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