Experts Predict Dogecoin Could Surge Over 500% If This Happens

Dogecoin (DOGE) continued to trade steadily on Saturday following a historic week in the crypto markets that saw Bitcoin (BTC) surge to a new all-time high. 

While BTC stole the spotlight this week, surging to a new all-time-high of $111,340, DOGE maintained a more measured pace, consolidating within a rising channel that has defined its structure over the past several months. 

Despite the broader market euphoria, Dogecoin posted modest gains of around 32.45% over the past month and just over 4% this week, signaling cautious optimism among traders. Sentiment remains mixed but leaning bullish, as technical patterns hint at a potential breakout if momentum sustains.

On Friday crypto analyst Bitcoinsensus shared an analysis suggesting that Dogecoin could climb as high as $0.95, representing a +560% increase from its current price around $0.17. His post highlighted DOGE’s pattern of bull flag formations.

“Dogecoin Explosive Price Projection,” he tweeted Friday. “DOGE has been moving nicely within this uptrend structure, fueled by long-lasting bull flag channels. The first flag yielded a +90% return, the second +215%, and the third +440%. This fourth flag could potentially take the price of DOGE up to $0.95.”

While some are skeptical of such lofty targets, Bitcoinsensus is not alone in his bullish outlook.

Another analyst, DimaPotts, referenced historical patterns from 2017 and 2020, where Dogecoin experienced 94x and 190x rallies following Bitcoin’s all-time weekly closes. According to the pundit, if Bitcoin’s current breakout holds in 2025, Dogecoin may follow a similar explosive trajectory. However, he warned that price targets as high as $10, implying a $1.48 trillion market cap, remain unlikely in the current $2.66 trillion total crypto market context.

Meanwhile, CobraVanguard added to the bullish chorus by pointing to an AB=CD harmonic pattern on Dogecoin’s 3-day chart, projecting a more conservative price target of $0.65. This setup however suggests a potential 347% gain from current prices, provided DOGE maintains its current ascending channel and breaks key resistance levels.

Beyond charts and speculation, on-chain data also supports the bullish narrative. Recently, popular analyst Ali Martinez noted a dramatic spike in Dogecoin network activity on May 16. Daily active addresses, transaction volumes, and whale participation have surged significantly, metrics often viewed as precursors to major price movements.

Most notably, whale activity has exploded, with over 1 billion DOGE purchased by large holders in the past month, and 127,570 active addresses now on the network, a sharp rise from February’s low of 66 whale transactions and under 60,000 addresses.

That said, with technical indicators, historical cycles, and on-chain activity aligning, analysts believe Dogecoin could be poised for a major breakout.  However, much still depends on Bitcoin’s ability to maintain its gains and broader altcoin market sentiment. 

At press time, DOGE was trading at $0.2266 reflecting a 7.60% drop in the past 24 hours.