Dogecoin Targets 89% Rally as Adam & Eve Pattern and Whale Buys Fuel $1.08 Dream

Dogecoin (DOGE) is trading at $0.2192, down 4.54% in the last 24 hours, with a market cap of $32.75 billion and $1.39 billion in trading volume. Despite the recent dip, technical and on-chain signals suggest DOGE may be gearing up for a big move.

Adam & Eve Pattern Suggests Bullish Breakout

On the weekly chart DOGE is forming a rare and powerful Adam & Eve double bottom pattern, which could see DOGE surge to $1.08—a level not seen since 2021’s crypto craze. The pattern’s rounded Eve bottom formed throughout 2022, followed by the sharp V-shaped Adam pattern in early 2025. With the neckline at $0.56958 and the lowest trough at $0.058, the projected breakout target is ~89%.

Key points:

• Breakout target: $1.08 (pattern depth + neckline)

• Support: Strong support at current $0.228 zone

• Trigger: Break above $0.56958 neckline

This is similar to past crypto breakouts like Solana’s October 2024 move from $140 to $160 after forming a similar pattern.

Whales Accumulating

Behind the scenes big players are buying. Since January 2025 wallets holding 100 million to 1 billion DOGE have added 3.61 billion DOGE. Buying during consolidations is a bullish sign that whales are positioning for the next move.

On-chain data:

• Whale accumulation: 3.61B DOGE added since January 2025

• Buying during dips: Historically a bullish indicator

If history repeats, this combination of technical and on-chain signals could be the setup for a big move.

Short Term Chart Caution

On the 2-hour chart DOGE has broken below the mid-term channel and the 50-period EMA at $0.2293, short term bearish. Price action is rejecting at $0.2388–$0.2461 and support is at $0.2173 and $0.2110. The MACD is bearish and lower highs.

For traders:

• Break below $0.2173 for potential drop to $0.2110

• Above $0.2293 for momentum shift and $0.2388

• Look for reversal signals like a bullish engulfing candle or a narrowing MACD histogram.