Dogecoin Has Only 3 Steps Left Until A Surge Above $1, But A Major Factor Is Missing

The channel reveals a consistent, recurring pattern in Dogecoin’s price. Each time the meme coin has risen to touch the upper boundary of the descending channel, it has formed a local high before pulling back. The first touch led to a local top of around $0.517, and the second produced a lower high of roughly $0.315.

Based on this recurring trend, Kucuker believes that Dogecoin is preparing to touch this upper boundary a third time, potentially leading to a lower high at $0.204. Once that happens, the analyst expects a pullback toward $0.09. 

However, before reaching that target, the analyst noted that Dogecoin will have to cross several resistance and support levels. He marked them at $0.50, $0.12, $0.30, $0.08, $0.20, $0.010, and finally $1.60. Each of these levels represents critical checkpoints where price could rise sharply toward or reverse its advance before the next leg up begins.