Dogecoin's Potential Surge: Analysts Predict Significant Gains

According to Cointelegraph, Dogecoin (DOGE) is showing signs of a potential price surge, reminiscent of its previous rallies. In the fourth quarter of 2024, DOGE's price increased by approximately 445% following a bullish signal from its relative strength index (RSI). This momentum indicator, widely used in technical analysis, helps traders assess the strength and direction of an asset's price trend. Currently, a similar bullish pattern is emerging, suggesting a possible breakout in the coming weeks. Historically, DOGE has experienced significant gains when the RSI line crosses above the simple moving average (SMA) line on the monthly chart. Past instances saw DOGE's price rise by 302% between October 2023 and April 2024, and by 445% in Q4 2024. Analyst Mikybull Crypto highlighted this pattern, noting that such signals often precede substantial price movements. The alignment of the RSI bullish cross with the price retesting the 20-period SMA typically leads to a "huge bullish move," suggesting that DOGE could be poised to reach $1. Further analysis indicates that an ascending triangle formation on the two-day chart supports a bullish outlook, with potential targets around $0.65, representing a 161% increase from current levels. Analyst Mags is optimistic about even higher gains, citing institutional interest and potential spot ETF approvals expected in mid-October. Mags described the situation as Dogecoin's "God candle is incoming," indicating a breakout from a prolonged downtrend that could propel DOGE past its 2021 all-time highs above $0.73, potentially reaching $1.20. As reported by Cointelegraph, various on-chain and technical indicators suggest a favorable environment for a DOGE price rally in the fourth quarter of 2025. However, it is important to note that this article does not provide investment advice or recommendations. All investment and trading activities involve risk, and individuals should conduct their own research before making any financial decisions.