Crypto analyst KrissPax has alerted the community to a bullish pattern that has formed for the Dogecoin price. In line with this, the analyst predicts that Dogecoin could soon see a double-digit price increase.
Dogecoin price is expecting a double-digit increase
In one X contributionKrissPax predicted that the Dogecoin price could soon see a double-digit increase. This came as he announced that Dogecoin had broken out of a two-week streak descending wedge. He added that DOGE could see a bullish reversal after a retracement if it rises back above $0.40.
This $0.40 price level is significant as Dogecoin price formed crucial support in this area at the time of recording first phase his bull run. Therefore, a rise above $0.40 could pave the way for the leading meme coin to begin the next leg of its bull run. Dogecoin could see a rise to its current all-time high (ATH) of $0.74 and then a recovery to the highly anticipated $1 level.
In another X post: KrissPax provided further optimism that Dogecoin price is poised for a bullish reversal. He explained that Dogecoin has just completed a retest of an upward resistance line as support and is already up 6% in 2025. He added that an upward continuation is expected. The accompanying chart showed that a rise up to $2 was possible.
Crypto whales also seem to be expecting a recovery in Dogecoin price. Bitcoinist reported that Dogecoin saw a 41% increase large transactionswith $23.35 billion traded in 24 hours. This increase indicates an accumulation trend among these DOGE whales. This is also positive for the leading meme coin as these investors could contribute to the price recovery.
There could be a big spike this week
Crypto analyst Master Kenobi has predicted that Dogecoin price could see a big rise this week. He noted that a cycle ago there was nothing to indicate DOGE’s massive surge that occurred 258 days after the Bitcoin halving. The crypto analyst predicts that if history repeats itself, DOGE should hit at least $1.2 this week.
He added that the Dogecoin price could even reach $3.4 in an “ultra-optimistic” scenario. Crypto analyst Dima James also recently gave an optimistic outlook for Dogecoin. He predicted that the leading meme coin could surpass $11 this year. Based on historical trends, the analyst even expressed the possibility that the meme coin could go as high as $23 or even $36.
At the time of writing, Dogecoin price is trading at around $0.34, up over 3% in the last 24 hours Data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com