A crypto analyst outlines a potential roadmap for Dogecoin to reach $5, backed by technical chart patterns and bullish signals.
The analyst highlights five factors driving Dogecoin's projected upward trajectory, including support from moving averages, the Relative Strength Index (RSI), and historical price patterns.
A critical resistance level at $0.74 is noted as key for Dogecoin to break out towards the $4 - $5 target, with an ascending parallel channel providing important price boundaries.
The timeline of the potential bullish structure aligns with previous cycles, suggesting a significant price climax around October 2025, with strong bullish action expected in June and July.