Analyst Predicts Dogecoin Surge Anticipated in the Coming Week

The daily Dogecoin/USDT chart shows the memecoin engaged in a classic bullish reversal that has been developing for six months.

Is a Dogecoin Breakout Coming in 7 Days?

The price movement from last October’s surge to now has established a widespread descending trend line that limits each significant swing-high: first with the December peak just over $0.48, followed by a second lower reaction high around $0.43 in mid-January, and most recently a third touch around $0.26 ten days ago. This trend line remains active and now lies just above the current market price.

Within the broader downtrend, an inverted head-and-shoulders pattern is identified, with the left shoulder bottoming around $0.142 in mid-March, the head reaching approximately $0.141 at the beginning of April, and the right shoulder forming in early May at about $0.164. The neckline of this pattern slopes down from left to right, intersecting slightly above $0.185. The analyst marks the candle from May 8 with a red circle labeled “Breakout,” indicating that the required technical criteria for pattern confirmation has already been fulfilled.

Since this breakout, Dogecoin has retraced in what the analyst describes as a healthy manner. This pullback has so far maintained the neckline, converting it from a resistance level into initial support. The projected path anticipates one more dip to touch the long-term trend line—currently near the $0.23–0.24 range—before an upward momentum shift occurs. The analyst envisions a seven-day timeframe to finalize this retest and initiate a new increase.

“Dogecoin has been gradually pulling back in a constructive manner, setting the stage for the next significant breakout. This anticipated breakout is expected to transpire within the next week, following a retest of the trend line for validation,” the analyst observes.

If the trend line fails, the subsequent challenge would be a defined “Supply Zone” between $0.42 and $0.43, a region linked to the distribution range observed in January and the second anchor point of the descending trend line. “The next target will be this supply zone around $0.42-$0.43 per DOGE. A rapid ascent is to be anticipated once the breakout fully materializes,” the analyst notes.

A definitive daily close within that range would effectively establish the first higher-high on a major timeframe since November, paving the way for a broader trend reversal.

Invalidation is straightforward; a daily close below the neckline—essentially the $0.185 mark—would invalidate the inverted head-and-shoulders setup and render the lows from March and April susceptible. Until that point, the technical outlook remains positive, and the countdown for the analyst’s seven-day breakout prediction is ongoing.

At the moment, DOGE is trading at $0.221.