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Breaking News: Bitcoin Price To Recover $100,000: BTIG Cites Key Reasons For Optimism
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Breaking News: Bitcoin Price To Recover $100,000: BTIG Cites Key Reasons For Optimism

Dogecoin Megaphone Pattern Confirms Price Blowup, ‘Don’t Miss This Last Rally’—Analyst

Scott Matherson
Scott Matherson
Last Updated: July 12, 2025 1:30 pm
3 mins read
Dogecoin

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Crypto analyst TradingShot has drawn attention to a bullish pattern for Dogecoin, indicating that a significant price surge is on the horizon. The analyst suggested that this could be the final leg up for the foremost meme coin and advised market participants not to miss it. 

Dogecoin Eyes Parabolic Rally With Megaphone Pattern

In a TradingView post, TradingShot predicted that Dogecoin could rally to as high as $1.25. He noted that the meme coin has been trading in a bullish Megaphone pattern within a channel up. The analyst added that the recent rebound on June 16 on the weekly MA200 is a higher low at the bottom of both patterns. 

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Dogecoin Megaphone Pattern Confirms Price Blowup, ‘Don’t Miss This Last Rally’—Analyst

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With the 1-week Relative Strength Index (RSI) also rebounding on its long-term support zone, TradingShot declared that Dogecoin is most likely at the start of a new bullish leg. He noted that this could be the final rally that will shape this cycle’s top. Meanwhile, the analyst claimed that DOGE is targeting $1.25 because the previous two bullish legs peaked on the 3.618 Fibonacci extension of the last decline. 

Dogecoin
Source: TradingShot on Tradingview

He told market participants that they can settle for $0.8 if they wish to pursue a target within the Channel up. A rally to both $0.8 and $1.25 would mark new all-time highs (ATHs) for Dogecoin, whose current ATH is at $0.73. His accompanying chart showed that DOGE could reach these targets in the first half of next year. 

Dogecoin is expected to maintain a steady climb from now till then as it reaches those targets. The meme coin has already begun another uptrend following Bitcoin’s rally to a new ATH. DOGE has again reclaimed the $ 0.20 psychological price level and could potentially reach its last local high at around $0.26. 

DOGE Against Its Bitcoin Pair

In an X post, crypto analyst Kevin Capital stated that the DOGE/BTC chart is sitting in a historical zone of support with the monthly time frame indicators fully reset. The analyst indicated that this was possibly the best setup for Dogecoin, one that could spark a massive run for the meme coin. 

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Analysts Predict Major Dogecoin Price Rally After Breaking 50-Day Trendline

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Meanwhile, crypto analyst Trader Tardigrade stated that the Dogecoin-to-Bitcoin chart might show a God candle this month. This God candle could spark a DOGE season, when the meme coin is expected to outperform the flagship crypto. The analyst’s accompanying chart showed that DOGE could rally to as high as $9 during this period. Meanwhile, he highlighted the $0.2 support level as being crucial for this lift-off for the meme coin. 

At the time of writing, the Dogecoin price is trading at around $0.2, up almost 2% in the last 24 hours, according to data from CoinMarketCap.

Dogecoin
DOGE trading at $0.20 on the 1D chart | Source: DOGEUSDT on Tradingview.com
Featured image from iStock, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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