Trader Identifies Bullish Pattern on DOGE Chart Targeting $1.4

Analyst sees bullish pattern on Dogecoin chart, suggesting a potential rally.

The price of Dogecoin could reach $1.4. According to an analyst known as Bitcoinsensus, a bullish pattern is forming on the weekly chart of the meme coin, indicating a potential strong rally.

$DOGE Getting Ready to Rip to the Upside📈💥#Dogecoin is currently offering us a massive opportunity on the weekly time-frame.

As we’ve seen in the past, this coin has been moving upwards in impulsive waves, each being bigger than the previous one.💣

This next wave could… pic.twitter.com/M8iqkjiGxi

— Bitcoinsensus (@Bitcoinsensus) September 2, 2025

The pattern in question is the “broadening megaphone.” The expert noted that the price has already bounced off the lower boundary of the pattern. Previous growth waves within this formation were larger than the preceding ones. 

Traders’ optimism is also fueled by fundamental factors. The American company CleanCore Solutions became the first public firm to make DOGE its primary treasury reserve asset, raising $175 million from institutional investors for this purpose.

An expert under the pseudonym ChartMonkey believes that reaching the $1.15 mark is possible through the Fibonacci extension.

📈LONG: $DOGE by @TradingShot@dogecoin DOGE just completed its first 1D Golden Cross formation in 9 months! This could be a sign of a new bullish leg for the 2-year Bullish Megaphone, with previous peaks hitting the 3.618 Fibonacci extension. #Dogecoin #BullishLeg #Fibonacci pic.twitter.com/mXGR8vTaQ8

— Barry | ChartMonkey (@ChartMonkeyBTC) August 13, 2025

On the daily timeframe, the coin is consolidating within a symmetrical triangle. A breakout above its upper boundary at $0.225 could lead to a rise to $0.37.

The launch of a spot ETF for Dogecoin could also become an additional demand factor. Data from Polymarket estimates a 79% chance of its approval in 2025.

At the time of writing, DOGE is trading at $0.21. Over the past day, the price of the meme token has decreased by 1.4%.

Since the beginning of September, interest in “funny coins” has revived on Google.