Can DOGE Hit $2 Soon? MACD and Cup and Handle Pattern Signal Bullish Dogecoin 10X Rally

Dogecoin price is showing strong signs of a big rally as key technical indicators align in its favor. Analysts highlight a breakout from a triangle pattern, a cup and handle formation, and show a similar strong bull cycle as seen in 2017. If these patterns hold good, Dogecoin price should enjoy an exponential surge, with targets ranging from $2 to as high as $20 in the long term.

MACD Breakout Points to Bullish Momentum

Recent technical analysis shows that the Dogecoin price has broken out of a triangle pattern on the MACD indicator, a setup that has been proven historically to lead to big rallies. In previous instances, such as September and March, similar MACD breakouts resulted in rapid price movement and thus reinforced the expectation of a meme coin rally this time.

Chart 1- DOGE/USD MACD Breakout, published on X, March 26, 2025. 

Moreover, analysts identified that the price structure is forming an upward curl, which further supports the bullish breakout narrative. The MACD breakout, combined with renewed interest in Dogecoin, suggests that the market should be on the verge of another main upswing.

Cup and Handle Pattern Suggests a $2 Target

Alongside the MACD breakout, analysts have identified a cup and handle pattern that is a well-known bullish continuation signal. The rounded bottom of the cup has already formed, and the current price action shows the deal phase, typically leading to a sharp breakout.

Chart 2-  DOGE/USD Cup and Handle Pattern, published on X,  March 26, 2025. 

The key resistance level to watch is at $0.185—a breakout above this point could lead the Dogecoin price to soar to the $1.85–$2.00 range. Historical data suggests that a reversal to the lower handle range often serves as a support zone before a big upward move; that means Dogecoin could be gearing up for a main rally.

Historical Parallels with the 2017 Bull Cycle

Technical analyst KrissPax has drawn comparisons between the current Dogecoin price movement and its 2017 bull market cycle. The chart pattern from that period closely resembles today’s setup, indicating that DOGE ought to follow a similar trajectory.

If the historical fashion repeats itself, analysts suggest that the Dogecoin price could rally beyond $4 in the longer term. Furthermore, a report from CoinGape states that a breakout above $0.18 should be the trigger for a meme coin rally that ought to potentially push the DOGE coin to $20, depending on broader market conditions.

Will Dogecoin Sustain Its Momentum?

Dogecoin is at a critical juncture, with multiple technical indicators pointing to a possible 10X rally. The MACD breakout, cup and handle formation, and historical price cycles all suggest that the Dogecoin price will experience big gains. While short-term resistance levels need to be overcome, the possibility of a long-term rally remains strong. Investors and traders are closely observing the key resistance levels as meme coin rally momentum builds.

However, regardless of these bullish indicators, Dogecoin price may additionally face market fluctuations. The broader crypto market sentiment, regulatory updates, and Bitcoin’s price movement should all contribute further to DOGE’s trajectory. If Dogecoin can maintain its momentum and succeed in breaking out of the critical resistance zones, then it has the potential to reach a new price level. On the other hand, if the market further weakens, DOGE coins may struggle to sustain the bullish trend. As traders anticipate the next move, Dogecoin’s price prediction remains a hot topic in the crypto community.