Dogecoin is on the verge of a significant rally, with analysts predicting a potential 311% price increase. The cryptocurrency is forming a symmetrical bullish pattern characterized by higher lows, indicating a possible upward breakout. Recent data reveals that whale investors have accumulated 4.72 billion DOGE, contributing to price stability and market confidence. The market sentiment is further bolstered by Grayscale's ETF registration, which has injected optimism into the crypto space. Analyst Javon Marks highlights Dogecoin's historical price cycles, suggesting that the current consolidation phase could lead to a breakout surpassing its all-time high of $0.73905. Currently, Dogecoin is trading at $0.176, with a market capitalization of $26.59 billion, according to CoinGecko.