#Dogecoin ($DOGE ) is once again in the spotlight as one of the most registered meme coins in the cryptocurrency market. Currently trading at $ 0.1690, #DOGE has been moving within a narrowing triangle formation in recent days. While this structure indicates that a strong breakout is approaching, analysts and the known are looking for an answer to the question, “Will it go to the moon?”
📉 Short-Term Price Movements: Is the Calm Before the Storm?
DOGE has been consolidating in the range of $ 0.16 to $ 0.22 for about 10% throughout the week. Although it has shown a recovery of 0.99% on a daily basis, the 34.14% decrease in trading volume is striking. The volume, which has declined in the direction of 677.92 million, shows that the range is currently acting more cautiously and expects a big move.
However, exactly such low-volume periods can be news of big moves. Symmetrical triangle formations in particular indicate that the market is constricted and a sharp upward or downward breakout is imminent.
📊 Technical Analysis: Eyes on Daily Close Above $0.22
In the long term, the DOGE price is trapped between converging trend lines given with lower highs and higher lows. Famous crypto analyst Ali calls this formation a “symmetrical triangle” and develops projects for major price movements.
Upward breakout scenario: If the DOGE price continues daily and rises above $0.22, technical analysis predicts that the price could increase by 60% and rise to about $0.35–0.36.
Downward scenario: If the price falls below $0.16, it could decline through 0.10, which could trigger a new downtrend for DOGE.
As the tip of the triangle approaches June 2025, price congestion increases, which makes it seem like the exit is very close.
📉 Market Volume Falls, Sentiment Neutral: Indecision Prevails
Candlesticks and low volume suggest that the market is undecided about its direction. However, the crypto market’s relevance is that such periods of congestion are often followed by explosive price action.
The 50-day moving average is currently down. While this reflects short-term weakness, the direction of the breakout is what matters for long-term growth.
🔮 2025 Predictions: $0.37 or a Relapse to the Old High?
The difference in predictions suggests the following:
With the change: DOGE is expected to choose between $0.162–0.203 in June 2025, with an average price around $0.172. This analysis offers a more cautious perspective.
DigitalCoinPrice: Much more bullish! He predicts that DOGE could exceed $ 0.37 by the end of 2025 and even retest the previous peak of $ 0.74.
These predictions may be especially true if the market in general becomes bullish in Bitcoin's policies.
📌 Conclusion: Turning Point for DOGE
Dogecoin may be on the verge of a major explosion technically. The $ 0.22 level is a critical threshold in terms of both investor psychology and technical analysis. Breaking this level could mean a new rise for DOGE.
However, it should not be forgotten that low volume periods also come with their risks. Key level for investors: $ 0.22. If it continues above it, it could start the countdown for the rally.
🎯 Levels to Watch:
Support: $0.16
Resistance: $0.22 (if broken, target $0.35–0.36)
Risky support: $0.10 (bearish scenario)
