Dogecoin Could Experience a 600% Rally in 2026 If Support Holds

As the week begins, Dogecoin (DOGE) witnessed a 5.5% drop in value, returning to recent lows. Analysts suggest that this cryptocurrency might be positioning itself for a substantial rally in both the short and medium-term, assuming it can maintain its current support levels.

Key Takeaways

Dogecoin (DOGE) has experienced a recent drop, but analysts believe it is poised for potential growth.
A key support area may lead to a rally toward the $1 mark in 2026 if current prices hold.
Historical trends show increasing rally sizes with each test of significant support levels.
Technical indicators signal that a price surge could be on the horizon, with estimates ranging from 60% to 210% potential gains in the near term.

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Dogecoin’s Path to $1

On Thursday, Dogecoin's price followed the trend of the broader crypto market, retracing to the $0.136-$0.138 range. This drop represents about a 50% decline since the market downturn in Q4, with DOGE trading between $0.130 and $0.155 in recent weeks.

During the week’s recovery, DOGE attempted to test the upper range again, making a second effort to break out this month. However, volatility generated by expectations of a Federal Reserve rate cut on Wednesday resulted in a 4.6% drop before the price continued to decline.

Trader Tardigrade, a market analyst, emphasized that despite the pullback, Dogecoin remains firm at a vital support area. This could set the stage for a "massive surge to $1" in the coming year. According to the charts, DOGE is currently testing an ascending support zone that has previously signified significant moves over the last two years. Since late 2023, this support has been tested three times, marking the lows of major corrective phases and acting as a "launchpad" for new highs.

Dogecoin

The trend shows that subsequent rallies are becoming larger and longer, with each rebound lasting further and reaching higher than the last. In the first rebound, Dogecoin jumped 87% in eight weeks. After retesting this level, DOGE then surged over 210% in ten weeks. In a more impressive showing, it recorded a staggering 442% rise over 14 weeks between Q3 and Q4 of 2024, peaking at $0.48.

With the current price once again testing this critical level, analysts believe that if support holds, the potential for a 610% jump to the $1 mark at the beginning of 2026 may be on the horizon.

Is a Rally to Previous Highs Approaching for DOGE?

The same trader also indicated that a MACD Bullish Crossover for DOGE is now appearing. This crossover signifies that DOGE's trend began shifting from a downtrend to an uptrend on Wednesday, pointing to imminent significant price movements.

He noted that this setup has led to previous surges earlier this year, where DOGE reached local highs in Q2 and Q3 following each MACD bullish cross. As this pattern continues to unfold, the chart implies that a price rebound to October levels could be expected.

In addition to these insights, other analysts are positing that Dogecoin might be on the verge of a 60%-120% rally in the short term. Analyst Bitcoinsensus pointed out a traditional bullish reversal pattern known as a falling wedge that has formed on DOGE's chart since October.

After the recent price movements, "the price has been slowly bleeding inside this structure and now appears to form a nice rounded bottom. A breakout above the upper yellow line could see us targeting the $0.20 level (+60%)," the analyst noted.

Furthermore, AltCryptoTalk has highlighted that Dogecoin is retesting "the same weekly demand zone that has triggered every major rally in the past," which could ignite a 115% rally towards the $0.30 September high if it holds.

As of now, Dogecoin is trading at $0.137, reflecting an 8% decline over the week.

Dogecoin, DOGE, DOGEUSDT
DOGE’s performance in the one-week chart. Source: DOGEUSDT on TradingView