Today (December 5), Dogecoin has dropped -3.5% overnight, losing its key $0.15 level and leaving many investors panicking. ‘Will Dogecoin ever reach $1?’ is still the question on every DOGE investor’s lips. Although price action over the past few days has been bearish, several technical indicators suggest a bullish high-timeframe view for DOGE, prompting fresh upside calls from analysts.
DOGE is down -67% on the year and -80% from its 2021 all-time high in May, when it surged to $0.73 on the back of Elon Musk bullposting the memecoin at every opportunity. It has since struggled to maintain that momentum, with other memecoins such as PEPE outperforming it.
Forget ‘Will Dogecoin Reach $1?’, DOGE Could Hit $5 According to One Analyst
Crypto Twitter trader, @Bitcoinsensus, has taken to X with a chart that will blow the minds of even the most bullish DOGE investor. Overlaid onto a DOGE chart going back to 2014, Bitcoinsensus shows two completed cycles of a fractal pattern, with cycle one returning over 5,800% and cycle two hitting 21,457%.
The incomplete third cycle goes into early 2026 and shows DOGE surging 4,400%, going from its November 25 price of around $0.19, to just over $5, which would complete the fractal pattern for the third successive cycle.
The full post from Bitcoinsensus reads:
“Dogecoin Cyclical Pattern Repeating. If this fractal repeats, we could be in for a massive move on $DOGE. Same geometrical shapes form before the upswing. Realistically speaking, we could see a 5$ $DOGE.”
With DOGE retracing to around $0.145 since that chart was posted about 11 days ago, the percentage returns on this hypothetical third cycle would be even higher. They would make the ‘Will Dogecoin reach $1’ question a massive underestimation in hindsight.
(SOURCE: TradingView/Bitcoinsensus)
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Another Trader Posts a Slew of Bullish On-Chain Data for DOGE
On the shorter-term on-chain side, another prominent Crypto Twitter trader, @ali_charts, points toward a bullish uptick in on-chain network activity. “Dogecoin just saw 71,589 active addresses. The biggest spike since September,” he wrote, sharing Glassnode data.
The chart titled “DOGE: Number of Active Addresses” displays daily active addresses as yellow bars alongside the DOGE price represented in black. From early November, the number of active addresses fluctuated between 45,000 and 47,500, while the price gradually declined from approximately $0.17 to $0.14.
On December 3, the number of active addresses surged to 71,589 as the price rebounded to $0.1518. This increase indicates growing market participation, suggesting that price changes did not solely drive the rise in activity.
Dogecoin $DOGE just saw 71,589 active addresses. The biggest spike since September. pic.twitter.com/UCgC0CbLe2
— Ali (@ali_charts) December 4, 2025
Ali also drew attention to whale behaviour. Posting a chart of balances held by addresses with between 1,000,000 and 100,000,000 DOGE, he noted:
“480 million Dogecoin bought by whales in 48 hours!”
The grey area representing holdings in this band declines from around 35.6 billion DOGE in mid-October to below 28 billion by late November, while the price falls from above $0.18 to about $0.135, indicating sustained distribution.
In the final days of the chart, holdings rose again to roughly 28.45 billion as the price rebounded from $0.14 to $0.15, confirming a renewed net accumulation phase among large holders.
(SOURCE: Santiment/Ali_Charts)
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Another chart from Ali, titled “DOGE: Cost Basis Distribution Heatmap,” identifies a significant technical hurdle for Dogecoin. He noted, “$0.20 is the key resistance level for Dogecoin. That’s where 11.72 billion DOGE were accumulated.”
The Glassnode heatmap shows a dense band between $0.20284609 and $0.20442947, with a total supply of 11,723,527,138.97 DOGE whose on-chain cost basis falls within that range.
This cluster represents a heavily realized price node, where a large volume of coins transitions from a loss to breakeven as the market revisits the $0.20 level, creating a clearly defined resistance zone.
(SOURCE: CoinGlass/Ali_Charts)
This combination of on-chain data, whale accumulation, and bullish fractal patterns points toward an explosive breakout for DOGE that could finally answer the question ‘Will Dogecoin reach $1’ by not only surpassing $1 but potentially reaching $5 by early 2026.
However, the first step for Dogecoin is breaking through that heavy resistance level at $0.20. If this can be done before the new year kicks in, there is a strong chance that DOGE begins the memecoin resurgence with a breakout move.
BONUS: Is Maxi Doge (MAXI) the Better Memecoin Play as the Successor to Dogecoin?
It is probably safe to say that Dogecoin’s most significant moves are behind it, with those 10,000x moves looking less likely as DOGE’s market cap rises. Already a $21Bn asset, for such moves to be repeated, this would put Dogecoin on a similar level, if not higher than Bitcoin, which is incredibly unrealistic.
However, a new memecoin has hit the market, marketed as DOGE 2.0 and emerging as the spiritual successor to Dogecoin, the perfect play for those who missed out on those life-changing gains in its early days.
Maxi Doge (MAXI) is still in presale, having raised $4.2M, and is quickly being viewed by investors as a low-cap gem and a perfect beta play against mainstream, established memecoins such as DOGE.
With staking yields of 72% APY and tokens still just $0.0002715 for the next 36 hours, early entrants are locking in their shot at moonshot multiples before the next presale price hike.
Head to the Maxi Doge Token presale site and connect with Best Wallet, one of the top self-custodial crypto wallets on the market today. You can swap ETH, BNB, USDT, or USDC, or even buy directly with a bank card.
Stay connected by joining the growing community on X and Telegram.
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