On May 23, 2025, Dogecoin (Dogeusd) formed a bullish flag pattern within the 4-hour table.
Dogeusd 4h Bullish flag pattern. Source: tradingview.com
After a pointy increase in price, a bullish flag pattern, which is known as the flagpole, appears followed by a brief consolidation inside the downshift streams of parallel lines that form the flag. This setup often signals trend care.
From the outbreak point, Dogy has now increased by 5%. If the bullish trend continues, it could increase by one other 39% in comparison with the present level of $ 0.24464, which goals on the projected price of $ 0.34218.
The relative strength index (RSI) is 62.21, which indicates bullish impulse without pressure. In the meantime, the 50-period exponential sliding average (EMA) is $ 0.22880 and acts as support.
The trading volume also shows a current tip and confirms a powerful participation throughout the outbreak. The price stays above the upper border of the flag and over the EMA and reinforces the bullish structure.
If buyers maintain pressure, Doge could strive for $ 0.34218 within the upcoming meetings. A drop below the EMA can weaken the setup.
Dotecoin forms that reach the triangle
Dotecoin's technical setup shows a bullish dynamic over several time frames. An expanding triangle pattern has formed on the 3-day table. This structure often signals a reversal after a phase of expanding consolidation.
Dogeusd 1d parallel sewer pattern. Source: @tatrader_alan about x
If the market mood becomes positive, analysts expect an outbreak from the triangle. In this case, Doge could gather at 0.275 US dollars and possibly beyond.
At the identical time, the value could first reach 0.265 US dollars if the breakout is analogous to past movements. A persistent step above this level – together with an increasing buying volume – can set the stage for further profits.
Dogecoins 6-month chart flashes historical cup pattern: Major Rally Setup?
The long-term prospects of Dogecoin get attention since the 6-month diagram shows a repeating bullish cup formation. This structure, which is characterised by a rounded floor, preceded explosive rallies prior to now market cycles – in 2017 and 2021.
Dogeusd 6m historical cup pattern. Source: @tatrader_alan via
Every time Dogecoin has accomplished this pattern, its price increased dramatically in the next months. The latest formation reflects earlier setups, which indicates a possible sequel when the course is repeated.
At the identical time, recent candles confirm the gradual upward pressure, whereby the value increases steadily inside the base of the third cup. This progression signals slow accumulation, a typical forerunner for breakout movements on this setup.
In the meantime, other technical indicators also indicate the strengthening of the dynamics. Analysts who pursue long -term trends argue that this recurring pattern ends on one other parabolic step before the present cycle.
If Dogecoin breaks out of this multi -year formation, this might try strong access to the subsequent major resistance levels. The historical symmetry gives this selection weight.
With bullish signals, which at the moment are visible short -term, medium -term and long -term diagrams, Dogecoin seems to organize for a possible outbreak that would match earlier market cycles.
Dogecoin sees 36 million US dollars in realized profits when each day transactions rise to USD 595.9 million
Dogecoin (Dogeusd) again attracts attention after a pointy increase within the realized profits and each day activity. According to Whale.io, the realized profit for Dogy has increased by 225.58% within the last 24 hours and achieved 36.1 million dollars.
At the identical time, the each day transaction volume rose by 7.93% to $ 595.9 million. This increase is growing in growing interest and stronger market engagement for Dotecoin.
In the last 30 days, the common purchase price for Doge fell by 1.02% and was now $ 0.159. Although the DIP is under a small extent, it shows that the youngest buyers have barely recorded the market below the previous average entry points.
The increase in profits realized indicates that many Owers of Doge at the moment are at a profit. The average stop period or the Hodl days is 931, which is reflected within the long-term commitment of investors. Last month, this number rose by 1.73%, which indicates constant trust within the asset.
Despite his Meme-Münz status, Dogecoin continues to draw each lively retailers and long-term investors. Waling movements remain a key factor for Doge's price behavior. Nevertheless, there are serious investment flows.
This renewed activity can signal a wider bullish trend on the Altcoin market.
SEC recognizes the submission of Dogecoin ETF on May 13, 2025
On May 13, 2025, the US Securities and Exchange Commission (SEC) officially confirmed the appliance of Dogecoin exchanges (21-shares-spot dotecoin). This was a critical regulatory milestone for Dogecoin and signaled a possible inclusion within the growing list of ETFs supported by crypto. Recognition takes place under the increasing demand for diverse crypto system products, which shows that the SEC expands its focus beyond Bitcoin and Ethereum. 21Shares, a number one issuer of Crypto Exchange Traded Products, submitted the appliance, which increased the eye of investors within the direction of Doge.
This ETF development immediately modified the market prospects of Dotecoin. Crypto Outlet Phoenix News confirmed the confirmation of the SEC in an update on May thirteenth, while Watcher.guru and other sources found the importance of the moment. Registration contributed to reorganizing the image of Dogecoin, further increasing it from its MEME urban jumps and positioning it as a candidate for institutional exposure. The timing also fell along with a broader positive atmosphere on the Altcoin market.
Dogecoin price forecasts reach 1.05 USD because analysts list historical patterns
At the identical time, analysts at the moment are predicting that Dogecoin (Doge) could achieve 1.05 US dollars by early June. Master Kenobi, a crypto -chart -analyst, compared the present cycle of Dotecoin to the “Second Pump” model in 2017. According to Kenobi, an analogous path could occur inside the subsequent 22 days a rise of 350% if Doge follows an analogous path. In his evaluation, the 70-day phase before the Breakout from 2017 was highlighted and indicated that the continued pattern can replicate this dynamic.
Dowecoin 2025 against 2017 pump comparison. Source: Master Kenobi via Tradingview
The technical diagrams support the prospects and show consolidation along with the increasing volume – significantly, which are sometimes preceded by severe outbreaks. Dogge has acted sideways for several months, but ETF recognition seems to have triggered again. Kenobi found that Doge, if he retains the extent of $ 0.265 with a persistent purchase pressure, can function a springboard for higher goals.
In the meantime, a wider crypto market mood improves, supported by developments equivalent to this ETF submission. Analysts now consider Dotecoin to be greater than a speculative asset, which indicates that ETF progress and historical technical setups could work in a brand new rally phase. If as projected, the brand of 1.05 US dollars is achieved, the step could be a milestone in Dotececoins Development of Internet memes to manage financial product.
