Here’s Why Crypto Analysts Are Predicting Dogecoin Price To Explode This Week
The Dogecoin price is expected to stage a breakout in the days ahead, with crypto analysts highlighting key catalysts that could drive this rally. Despite weeks of sideways movement and steady dumping by whales, attention is now shifting to emerging technical indicators and a potential Dogecoin ETF as possible triggers for a price explosion this week.
ETF Buzz Signal Dogecoin Price Surge This Week
According to a TradingView analyst identified as ‘CryptoJobs,’ the possibility of Dogecoin’s first-ever ETF launching in the United States as early as next week could trigger an explosive price surge. This development would mark a major milestone for the popular meme coin, granting it unprecedented visibility and legitimacy within the broader financial system.
Historically, ETF approvals have fueled rallies across the crypto market, with Bitcoin and Ethereum experiencing notable spikes after similar announcements. Beyond the ETF hype, CryptoJobs highlights a key technical setup that further paints a bullish picture for the Dogecoin price trajectory.
They note that Dogecoin is forming a classic Falling Wedge pattern on its 4-hour chart. Based on past trends, this pattern is considered a bullish reversal setup, often signaling that a breakout to the upside is near. The chart also illustrates that Dogecoin is moving within a solid medium-term accumulation phase, consolidating around key levels.
These key price levels align with a long-term support range, which CryptoJobs identifies between $0.205 and $0.207. As price consolidates within the Falling Wedge, the analyst predicts that an explosive move of at least 15% could unfold as early as next week, potentially fueled by News of a Dogecoin ETF.
The chart points to a potential upward rally toward $0.26 if DOGE sustains its bullish momentum. Further upside targets are projected near $0.277 and $0.28, while key support levels rest in the $0.21 to $0.19 range.
Analyst Identifies Two Short-term Targets For DOGE
Another well-followed TradingView analyst, Klejdi Cuni, has shared his perspective, pointing to two clear targets for Dogecoin’s next upward leg. Cuni highlights the strong support area around $0.207, which has repeatedly acted as a springboard for price rebounds over the past month.
Each time DOGE has tested this level, it has bounced back with strong bullish momentum, reinforcing confidence in the area as a base for higher prices. In his latest chart analysis, the market expert outlines the potential for a minor pullback into the $0.213 – $0.216 range before momentum resumes.
From there, his key upside targets are $0.23 and $0.24. These levels represent previous zones where price faced resistance, making them realistic short-term goals for traders watching the market closely. Cuni’s optimistic projection is further supported by a small bullish continuation pattern that has formed on the Dogecoin price chart.
Featured image from Getty Images, chart from Tradingview.com
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