The potential surge of DOGE: Analysts predict it will rise significantly

DOGE (DOGE) is showing potential signs of price rise, reminiscent of its previous bullish trend. In Q4 2024, after its Relative Strength Index (RSI) issued a bullish signal, the price of DOGE rose by approximately 445%. RSI is a widely used momentum indicator in technical analysis that helps traders assess the strength and direction of an asset's price trend. Currently, a similar bullish pattern is forming, suggesting a potential breakout in the coming weeks. Historically, when the RSI line on the monthly chart breaks above the Simple Moving Average (SMA), the price of DOGE tends to experience significant rises. Past instances include a 302% increase in DOGE's price from October 2023 to April 2024, and a further 445% rise in Q4 2024. Analyst Mikybull Crypto emphasized this pattern, noting that such signals typically indicate significant price volatility. The RSI bullish crossover and the price retesting the 20-period moving average (SMA) usually lead to a "substantial bullish trend," implying that DOGE (DOGE) could touch $1. Further analysis shows that the ascending triangle pattern on the two-day chart supports the bullish outlook, with a potential target price around $0.65, which is a 161% rise from current levels. Analyst Mags is optimistic about higher gains, pointing to institutional investor interest and the anticipated approval of a spot ETF by mid-October. Mags described this scenario as "DOGE's golden candle is coming," suggesting it has broken out of a long-term downtrend and may drive DOGE above the historical high of $0.73 set in 2021, with hopes of reaching $1.20. According to Cointelegraph, various on-chain metrics and technical indicators indicate a favorable environment for the price rise of DOGE in Q4 2025. However, it is important to note that this article does not provide investment advice or recommendations. All investment and trading activities involve risks, and individuals should conduct their own research before making any financial decisions. #十月加密市场预测