Dogecoin is once again stealing the spotlight as traders eye a potential breakout from its ascending triangle pattern—a move that could send prices soaring toward the $1 mark.

After weeks of consolidation, the popular meme-inspired cryptocurrency is showing renewed bullish momentum, trading near $0.18 following a 6% daily surge. Analysts believe Dogecoin’s technical setup, combined with growing whale activity and speculation over a possible ETF listing, could ignite one of its strongest rallies since early 2021.

Dogecoin (DOGE) has once again captured traders’ attention as it forms an ascending triangle pattern, a structure that often precedes strong bullish breakouts. The coin has been consolidating above the $0.18 level, rebounding sharply after touching that support earlier this week. This upward momentum suggests that Dogecoin’s price may be preparing for a move toward the key resistance at $0.23 — a breakout point that could define its short-term and long-term trajectory.

As of November 10, 2025, Dogecoin trades around $0.18, marking a 6% intraday gain amid renewed optimism. Analysts are closely watching this level, as holding above the rising support trendline could trigger a rebound toward $0.29 in the short term. Some long-term projections even point to a possible surge toward the $1 mark if bullish volume accelerates once $0.23 is breached.

Understanding the Ascending Triangle Pattern

The ascending triangle is one of the most widely recognized bullish continuation patterns in technical analysis. It typically forms when an asset’s price creates a series of higher lows while repeatedly testing a horizontal resistance zone. This tightening price action reflects growing buyer confidence, often leading to a breakout once sellers at the resistance level are exhausted.

Dogecoin ($DOGE) is holding strong above key support, with potential upside targets at $0.29, $0.57, and $1. Source: @CRYPTOMOJO_TA via X

For Dogecoin, the resistance near $0.23 has proven difficult to break in recent months. However, each bounce from the $0.18 support trendline strengthens the bullish case. If Dogecoin’s price manages to close above this resistance with increased trading volume, it would confirm the breakout and potentially set the stage for a substantial rally. The short-term Dogecoin price prediction points to a possible target of $0.29, while the long-term outlook suggests upside potential up to $1 based on historical breakout measurements.

ETF Buzz and Market Catalysts Add Fuel

Beyond chart patterns, external factors may act as catalysts for Dogecoin’s next big move. Speculation surrounding a potential Bitwise DOGE ETF has fueled optimism in the community, with traders believing such a development could attract institutional interest. Large holders, or “whales,” have also been reportedly accumulating DOGE, hinting at growing confidence in the asset’s near-term prospects.

Dogecoin is gaining bullish momentum as its upward trend strengthens. Source: @_dogegod_ via X

Additionally, Dogecoin continues to maintain a high correlation with Bitcoin’s price movements, often amplifying market sentiment by two to three times. This means any renewed bullish phase in the broader crypto market could have an outsized effect on Dogecoin’s trajectory. However, analysts caution that low trading volumes remain a challenge, as sustained participation from both retail and institutional traders will be necessary to confirm the next leg higher.

Outlook: Can Dogecoin Reach the $1 Target?

The question on many traders’ minds remains: will Dogecoin reach $1? Technically, the setup supports the possibility, but the breakout must first be validated above the $0.23 resistance. A successful close above this level could pave the way for a gradual rise toward $0.29, and later, a potential test of the $1 mark if momentum continues into 2026.

However, failure to maintain support near $0.18 could undermine the bullish thesis, leading to another period of sideways movement. Market participants will also be watching for broader Dogecoin news updates, including regulatory developments or endorsements from influential figures like Elon Musk, which have historically driven strong rallies.

Dogecoin was trading at around $0.18, up 4.47% in the last 24 hours. Source: Brave New Coin

For now, Dogecoin stands at a critical crossroads. Its ascending triangle formation, combined with rising accumulation and ETF speculation, has revived optimism across the market. Whether it can break free from its current consolidation phase and chart a path toward $1 will depend on how price action unfolds in the coming weeks.

Final Thoughts

Dogecoin’s technical structure shows promise, with an ascending triangle pattern hinting at a potential bullish breakout. A decisive move above $0.23 could signal the start of a rally toward $0.29 and possibly $1, though confirmation through volume and market momentum remains crucial for this Dogecoin price prediction 2025 to materialize.