As the price of Dogecoin ( DOGE ) retraces in the near term, a trading expert has noted that technical indicators suggest the meme coin is building momentum to hit $1.50 in the coming months. The analysis draws on a trading model known as ‘Livermore’s Accumulation Cylinder,’ aligning it with DOGE’s ongoing bullish megaphone pattern. According to TradingShot, Dogecoin has been trading within a bullish megaphone pattern since its low on October 9, 2023, a phase characterized as prolonged accumulation, consistent with broader altcoin market behavior, the analyst said in a July 23 TradingView post . DOGE price analysis chart. Source: TradingView By overlaying Jesse Livermore’s Accumulation Cylinder, a model of alternating bullish and bearish legs, onto the DOGE chart, TradingShot suggested the asset is now entering its breakout phase. The analysis places DOGE near level 8 of the Livermore model, signaling the start of a parabolic move. If confirmed, this could propel the price to $1.50 by October or November 2025, doubling its previous cycle high. While a longer-term target of $12 is also mapped out, the analyst noted this would likely fall outside the current bull cycle and require a sustained rally into 2026 and beyond. DOGE’s bullish reversal Separately, an analysis shared by Alpha Crypto Signal on July 23 indicates that Dogecoin is showing signs of a bullish reversal after completing a rounding bottom pattern on the daily chart. The cryptocurrency broke above the key $0.25 to $0.26 resistance zone, flipping it into support, shifting from bearish to bullish. DOGE price analysis chart. Source: TradingView Currently trading near $0.26, DOGE is slightly down as it retests the breakout zone. A successful hold here would confirm the breakout and set the stage for further gains, offering traders a solid long entry as momentum favors higher levels. Dogecoin price analysis At press time, Dogecoin was trading at $0.25, down over 4% in the past 24 hours, but up more than 6% on the week. DOGE seven-day price chart. Source: Finbold As things stand, DOGE needs to hold the $0.25 support zone for any chance of sustained upward momentum, though the outlook remains uncertain at the moment. Featured image via Shutterstock The post Expert maps start of Dogecoin’s ‘aggressive breakout’ to $1.5 appeared first on Finbold .
