$DOGE is currently trading at $0.2453; it tested intraday lows of $0.2280 and highs of $0.2551.
The key technical picture is as follows:
The cup-and-handle formation has completed and broken above the $0.25 resistance level, a bullish technical signal.
The daily chart shows a double bottom followed by a breakout from the falling channel; potential targets are between $0.32 and $0.48.
The MACD and RSI indicators are showing a positive signal; a trend reversal has been confirmed on the 4-hour charts.
๐ 2. Whale Movement and Institutional Participation
Whale wallets have added approximately 1 billion #DOGE in recent days.
This suggests that institutional or large investors are taking strategic positions despite modest retail outflows.
Trading volumes increased nearly three times the average last week, with the increase in volume in the $0.197-$0.209 range being particularly notable.
๐ 3. Market Sentiment and News Flow
Grok AI states that DOGE is in a strong uptrend after consolidation at $0.18; targets are in the $0.32-0.45 range.
China-based DeepSeek AI states that DOGE is currently at $0.2438, and although the RSI is showing 81, it is in an uptrend after consolidation, and that $1 could be targeted in the long term.
According to Cointelegraph, DOGE could rise to $0.32 after the double bottom formation.
Reuters reported that Grayscale launched a Dogecoin Trust fund, increasing institutional investor interest.
๐ฏ 4. Price Predictions and Potentials
Short-term (end of July):
Technical levels target $0.192-0.205; Support at $0.166, critical threshold at $0.155
Current target: $0.25-$0.26; following a breakout, target around $0.30
Medium-term (end of 2025):
CoinDCX: $0.55 (Q2), $1+ (year-end)
Coinpedia: Scenarios in the $0.62-$1.07 range
Long-term (2030):
Coinpedia: $2.52-$3.04 potential
CoinMarketCap: $1.31-$1.57 forecast
โ ๏ธ 5. Risks and Considerations
Short-term correction risk: RSI is in overbought territory; short-term corrections are possible.
Macro uncertainties: Fed policy changes and the global risk environment may affect the DOGE.
Competition and Innovation: The rise of new "meme" coins like Little Pepe could negatively impact DOGE.
๐งญ 6. Strategic Recommendations
Short-term target: $0.25-$0.26; could continue to $0.30 after the breakout.
Medium-term target: $0.33-$0.55; potentially $1 by the end of 2025.
Long-term investment: #Dogecoin could rise above $1 after 2025, depending on its popularity.
Risk management: Support between $0.20 and $0.207 may be useful for stop-loss positions.
Portfolio balance: Diversification with other cryptocurrencies and "meme" coins may be strategic.
โ Summary
Dogecoin is currently in a strong uptrend, supported by technical formations, whale accumulation, and institutional momentum. Short-term target: $0.30; In the medium term, a range of $0.33-$0.55 is possible. In the long term, scenarios above $1 are possible. However, high volatility and macro risks should not be ignored.
๐ As an investor, I recommend continuing to monitor DOGE's current developments and technical levels. You can update your strategy accordingly