Dogecoin’s ‘God Candle Is Incoming,’ So ‘$DOGE to $1+ Is Inevitable,’ Says Analyst

Dogecoin’s monthly RSI indicator has turned bullish for the first time since 2024, when the meme coin soared 445%. Analysts say the same signal could now send DOGE toward $1 in the coming months.

Dogecoin (DOGE-USD) is flashing a technical signal that has historically preceded massive rallies. The coin’s relative strength index (RSI) on the monthly chart has just produced a bullish cross, which was the same pattern that led to 300% and 445% gains in the past two years.

The RSI line has once again crossed above its simple moving average, a sign that momentum could be shifting back in favor of bulls. The last time this happened, Dogecoin climbed from around $0.05 to over $0.27 within a few months.

Analysts Spot Early Signs of a Dogecoin Breakout

“Whenever this signal flashes on $DOGE, pay attention,” analyst Mikybull Crypto said in a recent X post, warning that “this only indicates that a big move is imminent.”

He added that Dogecoin’s RSI cross has coincided with a retest of the 20-period moving average, a level that historically precedes strong uptrends. “$DOGE is ready to $1 from the bullish move that’s about to hit,” he wrote.

In addition, technical analysts are watching an ascending triangle pattern forming on Dogecoin’s two-day chart. If confirmed, a breakout could send prices toward $0.65, representing a 160% rally from current levels.

DOGE Bulls See $1 as the Next Target

Analyst Mags believes the move could go much further, pointing to growing institutional interest and potential ETF approvals expected later this year. “Dogecoin’s ‘God candle’ is incoming,” he said, suggesting that a major upside breakout is close.

His chart shows DOGE breaking above its multi-month downtrend, opening the door for a run past its 2021 highs near $0.73 and possibly reaching $1.20. “$DOGE to $1+ is inevitable,” Mags added.

Market Momentum Builds Ahead of Q4

Dogecoin remains one of the top-performing altcoins of 2025, and optimism around a potential rally has begun to resurface. Analysts say the combination of technical strength, improving sentiment, and broader crypto inflows could be the catalysts for another explosive run into the year’s end.

While no technical signal guarantees results, traders are tracking it anyway, because the last two times this indicator turned green, DOGE didn’t just rally, it skyrocketed.

At the time of writing, Dogecoin is sitting at $0.2546.