Dogecoin could reach $10 despite recent muted price action, according to crypto analyst Olivier D Maximus, who maintains the meme coin's long-term technical structure remains intact. The projection comes as monthly chart patterns continue to signal sustained bullish potential, even as short-term volatility has disappointed traders.
What Happened: Analyst Maintains Bullish Outlook
Maximus posted on X Dec. 31 that Dogecoin's broader framework continues to favor higher valuations despite slow and unimpressive recent price action.
He shared chart analysis showing DOGE's monthly close generated little short-term excitement, but emphasized the bullish structure remains intact with attention turning to January as the next decisive phase.
The analyst's chart showed Dogecoin trading within an Ascending Channel that has held for several years, with price remaining above long-term rising support.
Multiple diagonal trend lines indicate DOGE's price has repeatedly corrected toward mid-channel support before resuming upward movement, suggesting a healthy long-term uptrend.
Maximus spotlighted several all-time high levels he expects Dogecoin to reach over time. The ascending channel points toward potential targets above $12, extending as high as $25, with a surge from under $1 to $10 deemed technically plausible if structural integrity holds.
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Why It Matters: Critical Price Levels
Analyst Trader Tardigrade revealed in a separate X post that Dogecoin currently trades within a Descending Triangle, with price at the pattern's tip around $0.122. This level represents a potential make-or-break point where a pullback or surge could determine the meme coin's next major move.
If price breaks above the upper boundary, Trader Tardigrade predicts Dogecoin could experience a breakout to around $0.132, representing approximately 8.2% upside.
A break below the lower boundary could send DOGE toward $0.116, representing roughly 4.9% downside.
Maximus noted that long-term structures often move quietly before significant gains materialize.
He stressed patience when analyzing higher time frames, as monthly charts capture macro trends rather than immediate volatility, with current consolidation not invalidating Dogecoin's upside thesis.
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