The post Dogecoin Price To Explode 560% — Is a $0.95 Price Target Now in Sight? appeared first on Coinpedia Fintech News
Dogecoin, the biggest memecoin, is making headlines again, and this time, it’s not just hype. Currently, Dogecoin is flashing a historical pattern that’s led to 560% price jump in the past, with price targets now pointing toward $0.95.
With a familiar bullish pattern forming on the charts, and ETF news is continuing to build excitement.
Dogecoin Historical Pattern Repeating
Looking at Dogecoin’s chart over the last 18 months, one thing stands out — it loves to move in cycles. The price tends to dip gradually within a downward-sloping channel and then suddenly break out with a powerful pump.
This isn’t just a prediction — it has happened three times already,
The first time this happened, the price jumped by 90%, catching the attention of many traders. In the second breakout, the move was even stronger, with Dogecoin rising by 215%, proving that the pattern was not a one-time event.
Meanwhile, the third time, the breakout was massive, the price surged by 440%, showing just how powerful these repeated moves can be.
Each breakout has been bigger than the last, which is why many believe another big jump could be coming if the pattern continues.
Here Comes the Fourth Bull Flag
Now, Dogecoin seems to be forming its fourth bull flag, and the signs are looking strong. According to a chart shared by Bitcoinsensus, DOGE has once again broken out of a downward sloping channel, just like it did before previous rallies.
The price is currently sitting around $0.24, but if the same trend continues, there’s a possibility it could climb as high as $0.95. That would be a massive 560% return from the current level.
ETF Hype Lifting Dogecoin
While technical patterns are pointing up, there’s another reason Dogecoin’s future is getting more attention — ETF news.
Recently, Nasdaq wants the SEC to approve a new 21Shares Dogecoin ETF. It would hold real DOGE, with Coinbase keeping the tokens safe. The ETF would follow the real DOGE price — no tricks or complex stuff.
Grayscale is also waiting for SEC approval on its own Dogecoin ETF. Even without approval yet, DOGE is already up 48% this year. If these ETFs get approved, many think the price could go above $0.50.