Can Dogecoin Price Still Rally 1,000%? Analyst Reveals End-Of-Year Prediction

[Redator]

A crypto analyst has forecasted a potential 1,000% rally for the Dogecoin price by the end of the year, suggesting that the leading meme coin could not only reach the coveted $1 milestone but blast past it to $2. While this target may seem bold, especially with Dogecoin still trading below $0.5, the analysis is backed by a compelling combination of historical price behavior, market structure, and accumulation patterns.

Dogecoin Price Targets $2 By Year’s End

According to a 2-day chart analysis published by crypto market expert ‘Setupsfx_‘ on TradingView, Dogecoin has been navigating a textbook accumulation phase reminiscent of previous cycles that preceded explosive price surges. Based on this distinct historical price behavior, the analyst is boldly predicting a major breakout, anticipating a 1,000% rally that could allow the meme coin to smash through $2 by the end of the year. 

Using the Wyckoff theory as a foundation, the TradingView expert presented a chart illustrating a clear structure of accumulation, distribution, markdown, and markup—- all of which have played out in past market movements. The chart shows that Dogecoin followed a typical Wyckoff accumulation in its early 2021 cycle, where it traded sideways and spent months consolidating in a defined range.

This range, indicated by the blue box on the chart, has been highlighted as a key buy zone between roughly $0.12 and $0.16. Notably, this key zone is the final area where the Dogecoin price could be revisited before launching higher. 

A return to this range would complete the historical price structure and present an ideal entry point before the markup stage begins. Currently, Dogecoin has concluded its markdown phase and is approaching the final stages of accumulation, paving the way for a potential bullish breakout. 

If price action continues to respect this historically bullish roadmap, Setupsfx_ forecasts that Dogecoin could gradually move higher over the coming months. By late 2025, this could culminate in a full-blown rally to $2, a level that represents approximately 1,000% upside from current prices. 

While the TradingView analyst maintains a bullish stance on Dogecoin’s outlook, he has tempered expectations, cautioning that the journey to $2 isn’t expected to be linear. Dogecoin could still face volatility, retracement, and psychological resistance around levels like $0.25, $0.5, and $1, which could slow down its climb. 

A Push Above $3 Still In The Cards

Crypto analyst Trader Tardigrade on X (formerly Twitter) is even more bullish on Dogecoin’s future price, projecting a potential rally to $3.8. This optimistic forecast is supported by the emergence of a bullish Ascending Broadening Wedge pattern on Dogecoin’s weekly chart. 

Six key touch points confirm the pattern, labeled A through F, within a widening channel indicated on the price chart. The critical level to watch is the $0.47 resistance level, marked by the previous high around point E.

A confirmed breakout above this level could validate the wedge and potentially trigger a significant price surge. Based on the measured move from the wedge’s widest point, the analyst highlights a projected path to $3.8, representing a massive 2,011% surge from current prices around $0.18.  

Featured image from Unsplash, chart from TradingView