Bitcoin’s recent breakout above a key resistance level has created a potential blueprint for Dogecoin, with analysts pointing to a 25% move for DOGE if the meme coin can replicate BTC’s performance in the coming days.
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The world’s leading cryptocurrency breached the $78,330 level – the 23-week moving average – over the weekend, gaining more than 3% and forming a pin-bar candle on the weekly chart. That technical confirmation is important.
Dogecoin faces the same test at its own 23-week moving average, at $0.111, a threshold that has served as a ceiling after an impressive three-week rally of around 20%.
Bitcoin’s breakout sets the stage for DOGE
According to analyst Crypto Mallu, Dogecoin price is showing the most bullish behavior in the Altcoin sector. The cryptocurrency has posted double-digit gains over the past week, while other top coins continue to move sideways or trade at a loss on similar time frames.
The analyst stated the following via his X account:
Dogecoin just rose 4% and is leading ALL the major crypto winners today. While ETH, SOL and XRP are bleeding, DOGE is pumping.
This is either the most bullish altcoin signal of the year or the dumbest meme coin moment of 2026.
DOGE holders eat rn#Dogecoin #DOGE #Crypto #Altcoins
— Crypto Mallu (@Cryptomallumeme) May 4, 2026
Dogecoin historically follows Bitcoin as one of the most sensitive proxy assets in the emerging sector, making BTC’s weekly close above resistance a crucial signal.
$1 Target for Dogecoin Price?
A separate report claims that the Elon Musk-backed cryptocurrency could post further gains in the coming days. The potential price target for DOGE is $1, said analyst LiqHunter via X.
The analyst also highlights that if DOGE manages to convert $0.111 from resistance to support in the current week, the technical setup will pave the way to the 200-week moving average of $0.136. That would represent an increase of around 25% from current levels – a so-called mean reversion in traditional financial terms.
The timing draws an additional parallel. The current setup, the analysis shows, is similar to the conditions after the local stagnation of April 2025, when May became the month in which the deferred demand was finally realized.
The most important variable: liquidity
Not everything has been arranged. The report points out that BTC’s momentum has been confirmed, but whether Dogecoin has enough liquidity to complete the scenario within the next seven days remains an open question. The market, as the analysis presents it, is in a waiting phase.
This development marks a potentially defining moment for DOGE, with the coming week determining whether Bitcoin’s blueprint translates into an actual breakout or a new block at known resistance.
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At the time of writing, Dogecoin is trading around $0.109, almost consolidating the critical $0.111 level after recent gains.
DOGE's price trends to the upside over the past week as seen on the daily chart. Source: DOGEUSD chart on Tradingview
Cover image of Grok, DOGEUSD chart from Tradingview