A crypto analyst predicts that the popular meme coin, Dogecoin, could be up for a potential price surge, seeing the token reach $1.
Market expert Henry said the meme coin could be gearing up for a possible “huge breakout” as shown in recent chart patterns.
Breakout Might Be Coming
Henry declared in an X post that Dogecoin could experience a price rally any time soon after the analyst examined the meme coin’s price movement.
There is so much uncertainty and negative sentiment in the broader cryptocurrency market today, but many investors have maintained their positive outlook on the coin as it showed some flashes of strength this week.
$DOGE huge breakout starting imo.
Last time It did similar thing was at Sep 24.
50¢ next, then $1.00
Trust the cycle pic.twitter.com/q7oiQTkOjg
— Henry (@LordOfAlts) March 26, 2025
The crypto analyst forecasts that recent chart patterns revealed that the popular meme coin is up for a potential surge. “$DOGE huge breakout starting,” Henry said in a post, a prediction that can bring a great deal of excitement among traders. The analyst added that the last time Doge was in a similar situation was on September 24.
Dogecoin Could Hit $1
Henry presented a chart in a post that illustrates the price movement of Dogecoin, saying that the meme coin could be heading for a huge breakout.
According to the crypto analyst, if investors would look closely in the chart, they will observe that DOGE has broken out of a triangle flag pattern on the daily candle chart, noting that the meme coin has been locked in the triangle flag pattern since December 2024.
Henry interpreted this pattern as an indication that Dogecoin could be up for a price increase, saying that the coin might be moving towards the $0.50 mark.
The crypto analyst suggested that after DOGE reaches the $0.50 mark, the meme coin could surge further to hit the all-time high of $1, noting that the coin needs to hold above the top of the pattern to achieve this milestone.
At the time of writing, Dogecoin is traded at $0.173 per coin, down by 4.6% in the last 24 hours. It seems the meme coin could be retesting this pattern.
A Similar Pattern In September
The crypto analyst said that historically, DOGE experienced a similar price action in September 2024, noting that it broke out of an extended correction that started in March 2024.
Henry emphasized that investors saw during the September 2024 breakout over a 400% surge in the coin’s price that it went above $0.48.
For DOGE to hit $1, it needs to have a 450% increase.
Featured image from Gemini Imagen, chart from TradingView
