Dogecoin could 'totally burst from here,' crypto analyst predicts

The past few weeks have been a bloodbath for the crypto market. The crash that wiped out over $19 billion in a day following President Donald Trump's anti-China remark around mid-October is still haunting crypto traders.

Bitcoin (BTC) has lost more than 15% of its value over the last 30 days as it trades at $101,450.62.

Dogecoin (DOGE), the meme coin that parodies Bitcoin, is faring even worse. It has lost more than 35% of its value within a month, trading at $0.1610 at the time of writing.

Over the past year, Bitcoin remains in greener pastures, up 33%, while Dogecoin has slipped 17% during the same period. 

Analyst sees Dogecoin uptick ahead

However, there is one crypto analyst who is eyeing an upward trend ahead for the meme coin.

A pseudonymous analyst, who goes by the handle @butterfly_chart on X, shared DOGE's price analysis chart on Nov. 4.

#DOGE is facing the lower boundary of the symmetrical triangle on the 3D chart👀

This zone remains a strong floor for price action — bullish pressure is mounting fast👨‍💻

Stay alert because $DOGE could totally BURST from here🚀 pic.twitter.com/DRREgBWv45

— Butterfly (@butterfly_chart) November 4, 2025

The chart clearly shows Dogecoin price pattern over the June 2024-November 2025 period forming a symmetrical triangle. It is formed by a series of lower highs (descending upper trendline) and higher lows (ascending lower trendline).

Typically, such a pattern indicates a period of consolidation. It is a neutral zone, which means the asset's price can either go up or down further down the line.

In this case, the analyst predicted a bull run ahead for Dogecoin, saying it is facing the lower boundary of the triangle and "bullish pressure" is mounting fast.

"Stay alert because $DOGE could totally BURST from here."

Disclaimer: The information provided here is for general informational purposes only and should not be considered financial advice. You should consult with a licensed financial advisor before making any investment or financial decisions.