Can Dogecoin Price Shoot 180% Along With Bitcoin Rally?
Key Notes
- Analysts, including Trader Tardigrade and Javon Marks, predict a potential 180% rally, with DOGE price targets of $0.65 and $1.
- DOGE’s 90-day cumulative volume delta (CVD) reveals dominant buying activity, a trend last seen before its 385% rally to $0.48 in Q4 2024.
- The current DOGE/BTC chart structure mirrors the conditions preceding Dogecoin’s 30,000% surge during a prior cycle.
With 32% gains on the weekly chart, Dogecoin
DOGE
$0.18
24h volatility:
5.1%
Market cap:
$27.07 B
Vol. 24h:
$1.05 B
has been among the top-performing cryptocurrencies, with recent technical chart setups suggesting chances of a further rally ahead. Despite today’s 9.2% pullback, market analysts are hopeful of a 180% DOGE rally ahead.
Dogecoin is also seeing a heavy surge in daily trading volumes, which is now up 31% to more than $4.1 billion, making it among the top five crypto assets by trading volumes. On-chain data also highlights greater strength for the memecoin.
Dogecoin Price Action and Rally Ahead
Anonymous technical analyst Trader Tardigrade has shared a bullish outlook for the DOGE/BTC trading pair, citing a favorable market structure. The current chart mirrors a previous rally during which Dogecoin skyrocketed 30,000%, climbing from $0.0024 to $0.739, suggesting the potential for a similar breakout.
#Dogecoin / #Bitcoin signals a bullish pattern that led $DOGE to spike 30,000% in the past cycle. The same chart pattern has developed 🔥
What to expect:
1. Surge in $BTC (causing a sudden drop in $DOGE / $BTC)
2. $BTC remains sideways
3. Huge surge in $DOGE for several weeks 🚀 pic.twitter.com/C3WAIS5i9J— Trader Tardigrade (@TATrader_Alan) May 12, 2025
In a separate analysis, analyst Tardigrade also highlighted that the Dogecoin price target is $1. The projection comes as the memecoin recorded a weekly MACD bullish crossover for the third time since 2024, signaling strong upward momentum.
Previously, these bullish crossovers took place between January 2024 and March 2024, when the DOGE price surged all the way by 180%. Crypto trader Javon Marks has predicted an immediate Dogecoin price target of $0.65, which would mark its highest level since May 2021.
$DOGE (Dogecoin) now showing MAJOR STRENGTH after setting Higher Lows!
$0.6533 can be coming in another nearly +180% upside and prices could even break above, bringing $1+ into play… https://t.co/7Jt82s0jLy pic.twitter.com/vbCjIxzlzR
— JAVON⚡️MARKS (@JavonTM1) May 10, 2025
DOGE On-Chain Metrics Show Strength
According to CryptoQuant, DOGE’s 90-day cumulative volume delta (CVD) for spot takers has been taker buyer dominant, indicating aggressive buying activity outweighing selling. This pattern, last observed in November 2024, preceded DOGE’s breakout rally of 385%, pushing its price to $0.48 in Q4 2024.
90-day DOGE Spot Taker CVD | Source: CryptoQuant
On the other hand, the long-term holder net unrealized profit/loss (NUPL) for Dogecoin recently surpassed 0.5 for the first time since March 1, 2025, which typically highlights an optimistic or “belief” sentiment. A NUPL above 0.5 indicates that most holders, with assets held for at least 155 days, are in profit.
It further highlights growing confidence among investors and a reduced likelihood of selling, potentially supporting Dogecoin price stability as investors hold out for higher gains.
DOGE Long Term Holder NUPL | Source: GlassNode
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
