Dogecoin (DOGE) is back in the spotlight as multiple crypto analysts present bullish technical cases, with one projecting a long-term target above $10. Despite a muted monthly close and a challenging 2025 where DOGE lost nearly 67% of its value, experts argue the meme coin's broader bullish structure remains intact.
Crypto analyst Olivier D Maximus posted on X (formerly Twitter) on December 31, stating that Dogecoin remains "structurally bullish" and could eventually cross the $10 threshold. He shared a detailed chart analysis showing DOGE trading within a multi-year Ascending Channel, with price action maintaining higher lows above long-term rising support. Maximus emphasized that long-term structures often move quietly before significant gains, and the current consolidation does not invalidate the upside thesis. His chart points to potential long-term targets above $12, extending as high as $25.
In a separate analysis, trader Matt Hughes identified the $0.11-$0.12 price zone as an "incredible" high-reward, low-risk setup on DOGE's weekly chart. He noted that setting a stop loss below $0.11 with a target near $0.45—the level DOGE rallied to in November 2024 after hitting similar support—offers a 4.5:1 risk-reward ratio. Hughes' analysis is followed by over 47,000 users on X.
Meanwhile, analyst Trader Tardigrade highlighted that DOGE is currently trading at the tip of a Descending Triangle around $0.122, describing it as a "make-or-break" point. A breakout above the triangle's upper boundary could trigger an 8.2% surge to approximately $0.132, while a breakdown below support could lead to a 4.9% drop toward $0.116.
Recent market activity shows signs of a potential shift. On the day of the reports, DOGE surged 2.8% with trading volumes spiking 79%, accounting for 6% of the asset's circulating market cap—a signal that buying pressure may be rising. Analysts suggest a move above $0.14 would confirm a bullish outlook, potentially setting the stage for a rally toward $0.18 and then $0.27.
