<ul data-eligibleForWebStory="true">Crypto Elites predicts a $5 Dogecoin target based on historical symmetrical triangle patterns.Dogecoin would need a 2,847% rally from current levels to reach $5, resulting in a $750 billion market cap scenario.Mixed technical signals: ADX suggests a potential rally, while LMACD indicates weakness.Analyst defends the $5 target, stating that those not expecting it 'probably don’t know anything' about Dogecoin's potential.Previous symmetrical triangle formations in Dogecoin's history have led to significant price increases.The first triangle, when DOGE was at $0.0001, saw a breakout in 2017, driving prices from $0.008 to $0.017.The second triangle formed in December 2020 before DOGE surged to $0.73 in 2021.The third triangle emerged in 2022 when DOGE was at $0.05, with a breakthrough in 2024 and prices recovering to $0.48.Technical analyst Tardigrade notes similarities in current ADX patterns to those before historical rallies, indicating momentum building.Tardigrade projects a more conservative target of $4.50, slightly below Crypto Elites' forecast.Both analysts agree on the potential for substantial upward movement based on historical trends.However, the one-month Logarithmic MACD indicator shows poor momentum and ongoing downturn, according to expert Tony Severino.Despite current price weakness, analysts remain optimistic about Dogecoin's long-term bullish thesis.The $5 target remains a significant goal that could be achieved based on past price patterns.The ADX and historical triangle formations provide support for potential future rallies in Dogecoin.The LMACD indicator presents a contrasting view with indications of downward momentum.