After a prolonged period of sideways movement, DOGE has shown signs of recovery — but the coming weeks may determine whether this upward momentum is sustainable.
Recent price action: A strong move following consolidation
According to Altcoin analyst Sherpa, DOGE has gone through about two months in a volatile consolidation phase before making a strong upward move.
The recent price surge has sparked speculation about whether the currency is preparing for a larger trend reversal or simply gearing up for another pullback.
Unlike previous consolidation phases, particularly the one at the end of 2024, Sherpa notes that current macroeconomic and political factors — such as the U.S. election cycle — make direct comparisons less reliable. This adds complexity to forecasting DOGE's next move.
Key levels and price scenarios
The main question right now is whether Dogecoin can establish a higher low, which would be a bullish sign indicating a continued upward momentum. If it can hold the current support level, Sherpa suggests a potential price target of around $0.30. However, if this new formed threshold cannot hold, DOGE could drop back to around $0.15–0.16, essentially reverting to the recent gains.
An important moment is approaching
The coming weeks are expected to be crucial in determining DOGE's next main direction. Both traders and investors will be watching to see if this rally turns into a broader trend — or if Dogecoin returns to its familiar pattern of volatility and decline.
