Crypto X Chart Analyst: Dogecoin Swing Pattern Could Top $0.8 By August

A crypto technical analyst, Trader Tardigrade, recently highlighted a bullish pattern in Dogecoin's price action. This pattern suggests Dogecoin might be poised for a significant upward movement.

Trader Tardigrade noted on X (formerly Twitter) on April 30th, 2025: "Dogecoin consistently finds support at previous swing highs. It just rebounded from support matching a previous swing high. [DOGE] may have completed its pullback and could surge again soon."

This observation is based on Dogecoin's historical behavior. Last year, support at a previous swing high (Q3 2023's swing high) propelled Dogecoin towards the upper resistance line of its long-term trend channel. Trader Tardigrade's analysis suggests a similar pattern could repeat, potentially leading to a rally as high as $0.80 per DOGE before August.

Since a peak of $0.46 in December, Dogecoin's price has cooled. However, its historical tendency to reverse at recent swing highs, coupled with the April support level, suggests a potential breakout. While Dogecoin's performance hasn't mirrored Bitcoin's over the past year, it has historically experienced periodic, substantial price rallies, such as in Spring 2021 and Winter 2024.

Popular Bitcoin analyst Muro Crypto also noted Dogecoin's significance, stating that a Dogecoin price surge could signal the start of a broader altcoin season. The analyst believes Dogecoin has historically acted as an indicator for altcoin market rallies.

The post originally appeared on CryptoPotato.