Dogecoin Bulls Eye $5 Target as Price Stays Above Support

Key Takeaways:

• Dogecoin remains above a key support level within a long-term ascending channel, signaling potential for an upward move.
• A spike in demand could push DOGE toward the middle or upper range of the channel, with targets between $1 and $5 in the short term.
• Historical trends suggest DOGE may see significant growth in its fourth-year cycle, with some projections exceeding $10.

Dogecoin’s price still remains within a long-term uptrending channel, as indicated on X by crypto analyst Ali. The below chart indicates that DOGE is now at the lower boundary of this channel, a position that has been a strong zone of support for some time.

This has occurred on a number of occasions before, with previous bounces from this area leading to big price increases.

Dogecoin is now at approximately $0.16661, still just above the lower edge of the channel. If demand picks up at this point, the price could go up toward the middle or top of the channel, the analyst suggests.

Based on history, the middle segment seems to be located in the $1 to $5 range, with the top end potentially going much higher on a long-term basis.

Potential Scenarios and Price Projections

Ali’s analysis indicates Dogecoin is at a breaking point. If the price holds up above the support and the buying pressure intensifies, it can spark a rally such as those we’ve witnessed earlier.

But a fall below this level would invalidate the bullish outlook and could see a dip down toward the next solid support, perhaps at $0.10.

Another analyst DOGECAPITAL believed that historically, the fourth year of the market cycle was when DOGE had experienced exponential growth. From the analysis, DOGE could reach a maximum of $10 or even beyond by the end of 2025.

Dogecoin Historical Patterns Support Bullish Case

DOGECAPITAL compares the current cycle of Dogecoin with its last two cycles of 2017 and 2021. From this data, Dogecoin typically experiences big gains at this stage, with its price rising severalfold.

The latest estimate is that DOGE could finish the month of December 2025 at $11.71, though this is not necessarily the top of the cycle. Higher institutional investment, higher usage, and technological improvements could all be factors for even greater results than we’ve seen before.

While nobody can be certain of what the market will do, history suggests that DOGE is ready for a big run later this year. Traders and investors will be watching the level of support currently, waiting for demand to surge, which may be the spark that ignites the next big upturn.

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