Analyst Picks Dogecoin As His Top Altcoin Right Now

Crypto analyst CryptoInsightUK has promoted Dogecoin as one of the top altcoins right now, anchoring the call to a clean weekly structure and an emerging broadening, ascending wedge that still governs price. He opens his note with an unambiguous header—“My Top Altcoin Picks: DOGE”—and then lays out the case in plain language: “We’ve been actively trading Doge for about a week and a half now, and I’ve been sharing updates with you every step of the way. Doge looks extremely bullish on the weekly time frame, potentially closing this week with a bullish engulfing candle if we can manage to close above $0.241. That would be fantastic.”

Why Dogecoin Is The Top Altcoin Right Now

The weekly DOGE/USDT chart shows price pressing into a well-defined supply band labeled “Resistance” around $0.27–$0.30, where July’s “Higher High” ($0.287) sits. Underneath, a rising weekly trendline that has contained price since mid-2023 currently tracks through the upper-$0.16s to low-$0.17s, with a horizontal “Support” shelf near $0.13 aligned to the prior “Swing Low.” The staircase of “swing low → higher → higher low → higher high” marked on the chart remains intact.

The analyst ties the structure to a specific pattern roadmap. “We may also be forming a broadening ascending wedge pattern here, and the potential upside target of this pattern could be as high as the all-time highs at $0.75,” he writes.

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Extending the projection, he adds: “If we extend this further out in time, we could even argue that the 1.618 Fibonacci extension around $1.17 might come into play. Of course, we’d need to break through the resistance levels marked on the chart to see something like that,” before situating the trade in market context: “If the market continues as it is—Bitcoin dominance dropping and ETH continuing its upward momentum—I don’t think this is out of the question for Doge.”

Momentum reads argue there is room. On the chart, weekly RSI has turned up from the mid-30s, reclaimed its signal, and now sits in the mid-50s to low-60s—well shy of the overbought band that accompanied the prior thrust.

The analyst highlights that runway explicitly: “Using the RSI as an indicator, there’s still significant room for growth before we enter the overbought territory, which is typically when things get exciting.” He also frames the setup within a higher-timeframe impulsive structure: “Technically speaking, Doge has experienced two significant impulses on a higher timeframe, both setting higher highs and higher lows. Now, we’re looking for a third impulse.”

Positioning matters to him as well. “Looking at Doge as a top 10 crypto asset, we see that all other cryptos in the top 10, except for Cardano and Solana, have reached all-time highs… Doge remains behind, and I believe the major impulse is still yet to come.”

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On execution, he points to the lower-timeframe tape confirming the bias: “On the lower timeframes, we’re seeing higher highs and higher lows, which suggests that the impulse may have already begun.” That leads to the trade thesis: “With all this in mind, it’s an exciting time for altcoins, and I believe that Doge’s risk-to-reward ratio, especially considering its position as a top 10 asset, makes it an attractive trade even from current levels.”

Peer technicians are aligned. In a brief community ping titled “Good boy Doge,” the analyst reiterated the same levels and structure from earlier in the week. Fellow trader CRG explained the patience trade: “Nothing much to update. Price just chilling for now, been consolidating for 6 months making higher lows. DOGE is gonna full send at some point, no doubt in my mind, just gotta be patient.” He summarized the rationale behind positioning with a screenshot captioned, “This is why we are in the $DOGE trade fam.”

From here, the immediate trigger is mechanical and visible on the chart: a weekly settlement above $0.241 would print the bullish-engulfing confirmation the analyst is watching at the mouth of resistance. Acceptance through the $0.27–$0.30 band would reopen the path toward the mid-$0.30s and the prior rejection in December last year when DOGE peaked above $0.48, while failure to hold the rising trendline would defer the move to the next demand zones near $0.17 and $0.13.

As long as the sequence of higher lows remains unbroken, the wedge continues to frame a credible springboard toward the analysts’ stated targets, with $0.75 as the first historical waypoint and the 1.618 extension at ~$1.17 reserved for a fully developed impulse.

At press time, DOGE traded at $0.242.

Featured image created with DALL.E, chart from TradingView.com