Dogecoin Chart Mirrors Silver's Breakout: Analyst Predicts $9+ Scenario

Dogecoin's performance is being closely linked to a recent breakout in silver prices, which surged dramatically. Analysts are exploring the possibility that Dogecoin (DOGE) may follow a similar upward trend, drawing on historical price patterns observed in silver.

Key Takeaways

Silver's price increased significantly from mid-November to over $83 in December 2025, generating interest across various markets.
Analyst Cantonese Cat has drawn parallels between Dogecoin's 6-month chart and silver's recent price movements, suggesting potential for DOGE to also experience long-term growth.
The proposed price pattern for Dogecoin indicates a possible downward trend early in 2027, followed by several years of upward movement, potentially reaching prices above $11 by late 2029.
Previous analysis supports the idea that Dogecoin has completed a significant bear market and is poised for a new phase of growth.

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Dogecoin's Potential Growth Following Silver's Surge

In late December, silver experienced a remarkable breakout, rising from around $50 an ounce in November to exceed $83.62 before slightly retracting as traders took profits. Currently, spot silver remains close to $76, reflecting a substantial 181% increase year-to-date in 2025, driven by various factors such as anticipated changes in US monetary policy, high demand in industrial and investment sectors, ongoing supply shortages, and its recent designation as a "critical mineral" in the US. This created a policy-sensitive atmosphere for the already tight market.

Analyst’s Perspective on Dogecoin Based on Silver’s Movement

This surge in silver prices has prompted analysts to draw comparisons in the crypto market. Analyst Cantonese Cat (@cantonmeow) shared a TradingView comparison that indicates Dogecoin's 6-month chart shares similarities with silver's recent 3-day structure. This could mean that DOGE may be on the brink of a long-term upward trend if the current pattern holds.

Dogecoin vs Silver | Source: X @cantonmeow

Cantonese Cat’s analysis highlights a significant sell-off candle in Dogecoin's 6-month chart, which he positions as a potential cyclical low. Rather than suggesting an imminent price surge for DOGE, the analysis hints at a gradual upward trend over several years. The projection indicates that the current 6-month period could mark the bottom, followed by around four years characterized by mostly green candles and only one expected down year in 2027.

If Dogecoin follows a trajectory similar to silver’s, the anticipated peak could occur in the latter half of 2029, with the possibility of prices surpassing $11 during that period.

Context of Earlier Predictions on Dogecoin’s Future

This silver-related analysis builds on earlier predictions made by Cantonese Cat regarding Dogecoin's trajectory. In a post from December 20, he speculated on a lengthy DOGE roadmap, noting that the cryptocurrency has been in a bear market for 13 months. He suggested that this bear phase is likely a "wave 2" correction preceding a potential "wave 3" surge.

Dogecoin weekly chart | Source: X @cantonmeow

The analysis suggests that DOGE was priced around $0.13160 during the December 20 period, with retracement levels marking important price points for resistance and support. Potential resistance levels were mapped out at around $0.15422, $0.20205, and further, with longer-term extension targets potentially reaching over $8.90, contingent on DOGE completing its corrective phase and reclaiming the prior high price.

As of the latest update, Dogecoin continues to face significant resistance as indicated in its trading patterns.

Dogecoin price chart DOGE confirms major resistance zones on the 1-week chart | Source: DOGEUSDT on TradingView.com