The meme coin market leader is on the cusp of a parabolic breakout.
Dogecoin’s price chart has formed the Dalai Lama pattern — a sell-off, followed by a bounce, a subsequent consolidation and now on the cusp of a bullish retrace.
Meanwhile, DOGE also broke out of the upper trendline of an ascending channel, which is one of the most bullish signals.
The Dogecoin price traded as high as $0.254 before Donald Trump’s 50% tariffs on the EU resulted in a market-wide flush. Nevertheless, the top meme coin has held key support levels and is gearing up for “god candles”.
Dogecoin Price Prediction — Is It Time To FOMO Buy?
The market-wide dip in crypto prices is very likely a boon for sidelined investors.
After US President Donald Trump announced 50% tariffs on the European Union, DOGE saw a sharp sell-off. However, it has held the lower trendline of an ascending broadening wedge and is showing a strong bounce since.
The flush has also reset Dogecoin’s hourly, 4-hourly and daily RSI, paving the way for a bullish continuation.
Several prominent analysts, including the legendary trader Bluntz, are extremely optimistic about DOGE’s prospects. Bluntz has also identified the Dalai Lama pattern formation on the meme coin’s price chart, as well as the breakout above the ascending channel.
There is now a growing consensus among experts that the Dogecoin price will hit, or at least come very close to hitting, the $1 mark.
For instance, Bitcoinsensus sees a strong correlation between DOGE’s current trajectory and its previous bull runs and projects it to hit $0.95 in 2025.
Dogecoin also continues to improve its fundamentals, which bodes well for its long-term prospects. For instance, DOGE is now going multi-chain and will soon be available on Solana via the Wormhole bridge.
Moreover, Dogecoin spot ETF approval is almost a certainty this year, with Bloomberg analyst Eric Balchunas giving 80% approval odds in a recent X post.
Unlike Ethereum, which mainstream and TradFi investors view as an inferior version of Bitcoin, Dogecoin has a strong brand value and could see impressive inflows through its spot ETFs. Experts believe spot DOGE ETFs will prove to be a substantially bigger factor than their Ethereum counterparts.
Sidelined investors don’t need to think before buying DOGE at its current price. However, leverage traders may be better served to wait for a flip over the $0.25 resistance level.
Solaxy Tipped As The Next 10x Crypto By Experts
Besides Dogecoin, smart money investors are also stacking low-cap meme coins with high upside potential.
For instance, Dogecoin hitting $1 in 2025 would only mean 5x returns for new buyers. On the contrary, prominent influencers are calling Solaxy the next 10x crypto.
Besides being a meme coin, Solaxy (SOLX) is also the first prominent Solana Layer-2 coin, which has caught the attention of whales.
SOLX is seeing a string of six-figure investments and has raised nearly $40 million during its ongoing presale. With the ICO end date quickly approaching, its presale fundraising is picking up pace.
Solaxy’s cutting-edge Layer-2 scaling solution, which includes ZK rollups, data availability tools like Celestia and a Hyperlane-powered multi-chain bridge, has also impressed experts. The project has also recently announced its Igniter Protocol, which allows users to launch their own coins on Solaxy.
Owing to their unique value proposition and small market cap, experts are viewing Solaxy as one of the best meme coins to buy for the second-quarter bull run.
Visit Solaxy Presale
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