Dogecoin’s Ascending Megaphone Pattern Could Support a Run Toward $1, Analysts Say

• Ascending megaphone with higher highs and higher lows — a bullish continuation setup.

• Defended support near $0.16 (Sep 2024) and $0.19 (Aug 2025) confirm structural resilience.

• Repeated accumulation cycles since 2023 and RSI ~55 suggest balanced momentum with room for upside.

Dogecoin price outlook: Ascending megaphone pattern and defended supports raise the chance of rallies toward $1 — read key levels and next steps to track momentum.

What is Dogecoin’s price outlook toward $1?

Dogecoin price outlook shows the token trading inside an ascending megaphone structure characterized by widening highs and rising lows. This pattern, reinforced by defended supports at $0.16 and $0.19 and recurring accumulation since 2023, increases the probability of extended rallies that could target $1 if momentum and volume confirm breakouts.

How does the ascending megaphone pattern affect Dogecoin’s short- and medium-term trend?

The ascending megaphone indicates increasing volatility with higher swing highs and higher swing lows. Short squeezes and momentum-led breakouts can follow tight consolidations. Analysts, including EtherNasyonal, note that repeated base-building phases since late 2023 have translated into multi-month rallies. Current RSI near 55 points to balanced momentum with potential for renewed buying pressure if buyers step in.

Strengthening Structure and Support

Dogecoin is carving a broadening megaphone with successive higher bases, which strengthens the bullish narrative. Analysts point to defended points at $0.16 (Sep 2024) and $0.19 (Aug 2025) as technical confirmations that the lower trendline is holding.

Market commentator Trader Tardigrade highlights recurring phases of tight consolidation followed by sharp breakouts. Charts have shown consolidation near $0.22–$0.23 before spikes to $0.25, illustrating the pattern of pause then momentum.

Higher Highs and Upward Momentum

Dogecoin established a sequence of higher highs from a low near $0.055 in October 2023 to peaks above $0.42 in March 2024. A subsequent peak above $0.38 in April 2025 continued that upward cadence. Current momentum indicators, such as the Relative Strength Index at roughly 55, indicate room for buyers to reassert control if volume aligns.

Price pivots and historical moves

Frequently Asked Questions

Can Dogecoin’s megaphone pattern lead to a sustained rally?

Yes. When megaphone formations are paired with rising volumes on breakouts and defended support levels, they can precede sustained rallies. Confirmation requires higher-than-average buying volume and macro stability.

What indicators are most useful to track this setup?

Volume, RSI, and moving averages are useful. Volume confirms breakouts, RSI gauges momentum (currently ~55), and moving averages help identify trend alignment and dynamic support.

Key Takeaways

• Structure: Ascending megaphone with higher highs and lows supports a bullish view.
• Supports: $0.16 and $0.19 have been defended and validate the trendline.
• Actionable insight: Watch for volume-backed breakouts and RSI trends before committing to long positions.

Conclusion

This technical review of Dogecoin shows an ascending megaphone structure reinforced by defended supports and repeated accumulation cycles since 2023. While the pattern increases the probability of extended rallies that could target $1, confirmation requires sustained volume and momentum. Readers should monitor key levels and risk-manage positions as the pattern evolves.