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Crypto analyst World Of Charts has reignited excitement among Dogecoin investors with a bold claim: the popular meme coin could be gearing up for a 300% price surge, echoing a pattern last seen in October 2024. The recent price uptick and on-chain trends appear to support the possibility of another explosive breakout.
October Pattern Repeating?
On April 13, 2025, World Of Charts shared a technical breakdown of Dogecoin on X (formerly Twitter), suggesting that the asset is mirroring the same breakout structure that led to a 3x gain in late 2024. The analyst had previously predicted that movement and believes the conditions are once again aligning for a similar rally.
According to their chart analysis, Dogecoin has broken above a long-term descending trendline, often viewed as a key bullish signal. The pattern also supports a potential upside of over 213%, reinforcing the case for a tripling in price if the current formation holds.
Dogecoin Price Action and Market Data
As per CoinGecko data, Dogecoin is currently trading at $0.1661, with a 24-hour price range between $0.1616 and $0.1681. Its market capitalization stands at approximately $24.2 billion, ranking DOGE as the 8th largest cryptocurrency by market cap. In the last 24 hours alone, Dogecoin recorded $886 million in trading volume.
Notably, DOGE has gained 8.1% in the past week, strengthening bullish sentiment and reigniting interest from both traders and long-term holders.
Elon Musk’s Influence Still Matters
While technical indicators paint an optimistic picture, social sentiment remains a powerful driver of Dogecoin’s price. The ongoing influence of Elon Musk, who has frequently expressed his support for DOGE, cannot be ignored.
In a well-documented example from December 14, 2021, Musk announced that Tesla would accept Dogecoin for some merchandise, causing DOGE’s price to spike 24% in a single day. Since then, Musk’s influence has extended across the meme coin space, often triggering speculative rallies far beyond technical expectations.
According to Turkish NY Radio, investors should remain aware of both chart-driven indicators and celebrity-driven hype when evaluating potential gains in meme coins like Dogecoin.
References
- World Of Charts – Dogecoin Analysis on X
https://twitter.com/WorldOfCharts - CoinGecko – Dogecoin Market Data
https://www.coingecko.com/en/coins/dogecoin - Elon Musk Announcement – Tesla and Dogecoin (2021)
https://twitter.com/elonmusk/status/1471057595351732225
