- Dogecoin formed a rounded base and broke out of a falling channel after 190 days of sideways action.
- A strong RSI reading and rising volume support the price move as DOGE targets the $0.65 zone next.
- Chart data confirms a bullish setup that reflects a similar 425 percent rally from late 2024 price levels.
Dogecoin ($DOGE) is flashing major breakout signals as a new crypto chart analysis hints at a sharp price rally. On May 21, 2025, top crypto trader @tempo.cap published a chart showing a potential 456% parabolic move in progress. Traders are now asking: is DOGE about to explode again?
The 4-hour DOGE/USD chart on Binance shows price action mirroring a 425% surge from late 2024. The chart highlights a breakout from a months-long downward channel and a rounded base formation. With volume spiking and resistance being tested, Dogecoin’s price prediction is gaining bullish momentum.
DOGE Chart Pattern Hints at Massive Bull Run
According to the chart, Dogecoin recently broke above a key descending resistance line. This breakout followed a pattern similar to DOGE’s 2024 rally from $0.07 to $0.35—a 425% gain. That move is emphasized with a yellow box and green trendline for visual reference.
In the latest setup, DOGE formed a rounded bottom from February to May 2025, indicating accumulation. The coin broke above $0.22 and briefly tapped $0.26, aligned with a 0.5 Fibonacci level. The pattern suggests an upward price target near $0.65, mirroring past bullish cycles.
The chart also shows 1,146 bars (190 days, 23 hours) of price data, with 18.69 billion DOGE in trading volume. Historical zones are marked with blue and orange trendlines, offering resistance guidance for near-future Dogecoin targets. Momentum appears strong, backed by RSI values spiking to 82.88—often an early signal of trend continuation.
Why Analysts Expect a Parabolic DOGE Move
The steep rally visualized on the chart is not labeled as a simple breakout—it resembles a parabolic rise. The green vertical bar shows a projected 456% gain from the current zone, highlighting bullish sentiment. DOGE traded at $0.2299 at the time of the chart, showing early signs of acceleration.
A Twitter user commented, “Why not a simple breakout, why parabolic?” This question reflects a key market concern. The answer may lie in DOGE’s formation: the rounded base, high RSI, and channel breakout are typical precursors to exponential moves.
The tweet posted by @tempo.cap earlier reads, “$DOGE starting to get that look,” signaling confidence in the setup. With the breakout happening “on time and on target,” traders are closely watching for confirmation. DOGE has already surpassed the 200-day SMA, reinforcing the case for upward movement.
Dogecoin Price Forecast: Could $0.65 Be Next?
Technical indicators show Dogecoin poised for a major shift. The breakout is supported by historical context, Fibonacci targets, and a symmetrical volume pattern. The bullish breakout zone above $0.26 aligns with previous supply regions, forming a new resistance challenge.
If DOGE follows its historical trajectory, $0.65 is within reach. The parabolic structure builds on strong support levels and prior explosive rallies. Volume and RSI metrics add to the credibility of this Dogecoin price forecast.
With $DOGE trending and chart momentum building, the real question remains: is this breakout the start of a full-scale bull run?
