Dogecoin (DOGE) may have faded from the spotlight recently, but according to one analyst, this very lack of attention could present a compelling opportunity. While the meme coin currently trades around the $0.22 mark, a sharp move could be brewing, one that the analyst asserts could catch the market off guard.
Dogecoin Set To Break Out Amidst Quiet Market
A recent analysis by market expert Cryptohossel on X (formerly Twitter) is drawing attention to what could be the next big meme coin rally. The crypto analyst points out that Dogecoin, despite its low visibility on social media platforms like X, is showing signs of a potential price surge.
The lack of buzz and attention is seen as a contrarian indicator, potentially signaling a calm before the storm—especially as media cycles are beginning to pivot back to meme-based cryptocurrencies.
The analyst’s presented chart, showing that Dogecoin is approaching a key resistance area around $0.202. If Dogecoin can break through this level with strong volume, Cryptohossel predicts that its price will likely see a significant increase toward the $0.30 zone.
After reaching this target, the analyst expects a fast move toward $0.32, which is the next major resistance zone highlighted on the price chart. The large green arrow on the chart emphasizes an expected trajectory, suggesting a parabolic move is possible once the breakout begins.
Cryptohossel has indicated that once the market really starts to heat up, with speculative interest shifting and demand rising, Dogecoin might once again deliver outsized gains. Given the meme coin’s history of sharp moves driven by retail enthusiasm and viral hype, this bullish forecast doesn’t seem so far-fetched.
The analyst has warned traders not to underestimate “the biggest meme in the universe,” suggesting Dogecoin’s quiet phase could be misleading and may precede an unexpected and explosive rally.
Dogecoin Touted As Sleeping Giant Ready To Awaken
The Dogecoin price has been in a slump lately, quietly moving under the radar following its decline from previous highs. Examining its recent price action, a crypto analyst identified as ‘Blockchain Baller’ on X reports that Dogecoin could be reawakening as it forms a clean, rounded base on its price chart.
Unlike the flashy quick surges the market has seen in the past, the analyst highlights that this time, price action is more measured, emphasizing a slow and controlled accumulation. Blockchain Baller has identified a key level to watch, predicting that $0.31 was the next major breakout magnet. She highlights that this level is not coincidental but rather a critical point where momentum typically shifts, leading retail traders to re-enter the market.
Despite the analyst’s bullish stance on Dogecoin’s future outlook, Blockchain Baller still warns traders to remain cautious and not dive into the market blindly. She emphasizes the importance of closely watching Dogecoin’s price movements in anticipation for a surge.
Featured image from Unsplash, chart from TradingView
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