Dogecoin (DOGE) is stealing the spotlight again, climbing 3.5% in the last 24 hours as the crypto market bounces back from the shockwaves of President Donald Trump’s tariff announcement. Despite recent ups and downs, a top crypto analyst is making waves with a bold prediction that could signal a historic surge for the meme coin.

Popular analyst Ali Martinez, known as @ali_charts on X, dropped a bombshell Dogecoin price analysis on August 7, and it’s got the crypto community buzzing. His chart shows Dogecoin moving within a long-term ascending channel—a pattern where the price bounces between an upper resistance line and a lower support line, forming higher highs and higher lows over time.

Martinez pointed to two epic moments in Dogecoin’s history tied to this pattern. Back in 2017, DOGE touched the lower support line and skyrocketed over 9,000% to hit $0.01857 by January 2018. Then, in 2021, it tapped the same zone and soared a mind-blowing 13,000% to $0.73355 in May, peaking at an all-time high of $0.7376.

Now, Martinez says Dogecoin is at another critical “touchpoint” in this ascending channel. “Dogecoin $DOGE is trading within a historically strong buy zone, which has repeatedly triggered major bull runs in past cycles!” he posted on X. If history repeats, this could mean another explosive rally is on the horizon.

As the original meme coin, Dogecoin remains a crypto heavyweight with a $34 billion market cap. At the time of writing, it’s trading at $0.2263, up 3.5% in a day and showing signs of life after months of volatility.

The crypto market is also heating up, with Ethereum recently blasting past $4,000 and altcoins like Ripple and Chainlink leading the charge. Adding fuel to the fire, President Trump’s executive order to push crypto into retirement accounts could bring new investors into the space, boosting coins like Dogecoin. Meanwhile, X posts are buzzing with optimism, with some analysts eyeing short-term targets of $0.42–$0.50 and even $1.60 in a strong cycle, while others see a potential new all-time high above $24 if the breakout mirrors past patterns.

But it’s not all smooth sailing. Dogecoin needs to hold above key support levels like $0.216 (the 0.5 Fibonacci level) to keep the bulls in charge, as a drop below could invite bearish pressure. Resistance at $0.32 and $0.40 will also test DOGE’s strength, as noted by other analysts.

Still, with its massive community, growing adoption, and technical signals like a golden cross and a possible falling wedge pattern spotted on X, Dogecoin’s path to a historic breakout looks promising. Could this be the start of another 9,000%+ run? The crypto world is watching closely.