Bitcoin’s recent weekend breakout above a key resistance level has set up a potential chart for Dogecoin, with analysts pointing to a 25% DOGE move if the meme can repeat BTC’s feat in the coming days.
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The world’s leading cryptocurrency crossed the $78,330 level – its 23-week moving average – over the weekend, registering a rise of more than 3% and forming a pin candle on the weekly chart. This technical confirmation is important.
Dogecoin faces the same test at its 23-week moving average, where it sits at $0.111, a limit that served as the ceiling after an impressive three-week rally of almost 20%.
Bitcoin hack paves the way for DOGE
According to analyst Crypto Mallu, Dogecoin price is showing some bullish behavior in the Altcoin sector. The cryptocurrency has seen double-digit gains over the past week, while other major currencies continue to trend sideways or trade at a loss on similar time frames.
The analyst stated the following via his X account:
Dogecoin just jumped 4% – topping all major crypto gainers today. While ETH, SOL, and XRP bleed… DOGE pumps.
This is either the most bullish altcoin signal or the dumbest moment of 2026.
DOGE owners eat rn#Dogecoin #DOGE #Encryption #Alternative currencies
— Cryptomallumumeme (@Cryptomallumumeme) May 4, 2026
Dogecoin has historically tracked Bitcoin as one of the most sensitive proxy assets in the emerging sector, making BTC’s weekly close above resistance an important signal.
A $1 target for Dogecoin price?
A separate report claims that the Elon Musk-backed cryptocurrency could see further gains in the coming days. The potential price target for DOGE is $1, He said Analyst LiqHunter via X.
The analyst also highlights that if DOGE can flip $0.111 from resistance to support in the current week, the technical setup is paving the way towards the 200-week moving average at $0.136. This would represent an upside of about 25% from current levels – what is called mean reversion in traditional finance terminology.
The timing draws an additional parallel. The analysis suggests that the current setup resembles conditions seen after the domestic recession in April 2025, when May became the month in which deferred demand finally materialized.
Key variable: liquidity
Not everything is settled. The report states that the BTC payment has been confirmed, but whether Dogecoin carries enough liquidity to complete the scenario within the next seven days remains an open question. The market, as determined by the analysis, is in a waiting phase.
This development marks a potential critical juncture for DOGE, with next week set to determine whether Bitcoin’s chart translates into an actual breakout or another halt at familiar resistance.
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As of this writing, Dogecoin is trading at around $0.109, holding near 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 by Grok, DOGEUSD chart by Tradingview
