Dogecoin may be gearing up for a major move, according to crypto analyst Master Kenobi, who believes the meme-inspired token could hit a new all-time high within the next two months.
His projection is tied to a critical price level that, once broken, could trigger a strong rally toward June.
Kenobi pointed to a key trendline that DOGE needs to break through—specifically the $0.15488 mark. If the price clears that level, he expects a strong upward momentum that could push Dogecoin toward $0.90 by early June. His timeline is based on historical price behavior, referencing a previous 100-day pattern from local bottom to peak. According to him, DOGE is currently midway through a similar setup.
While he’s optimistic about a major upswing, Kenobi stopped short of guaranteeing a break past the $1 threshold. Still, the tone remains bullish, echoing earlier comments where he suggested Dogecoin had already formed a solid bottom.
Adding to the optimism, another analyst known as Kevin Capital weighed in, saying that DOGE is right on track and urged traders to stay patient. He emphasized that each day brings the market closer to its next major move.
However, not everyone sees a clear direction. Trader Tardigrade described Dogecoin’s price action as stuck in a triangle formation, reflecting a lack of conviction from both buyers and sellers. This kind of pattern typically forms when markets are transitioning between trends. At present, there’s no dominant accumulation or sell-off trend, even as some large holders offloaded hundreds of millions of DOGE in recent days.
Despite the sideways action, analysts remain divided but cautiously optimistic about what’s next for Dogecoin as summer approaches.
