Strong inflow after technical breakout, analysts forecast $DOGE could reach $0.36–0.42 in the coming weeks.
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1. Quick Market Update
Current price: $0.25, up +4% in 24h, +26.8% in 7 days
Market cap: ~$37.7 billion, FDV nearly equivalent
24h Volume: $4–4.5 billion (down ~35% compared to yesterday)
Open Interest futures: $3.78 billion and reaching yearly peak
Whales placing large orders (84 million DOGE ~ $21M with 10× leverage)
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2. News & Narratives
🔹 Short-term Catalysts
Breakout from long-term downtrend, forming a double-bottom pattern → expecting rise to $0.42
Strong institutional and retail inflow, OI futures hitting peak
🔸 Long-term narratives
Meme coin recovering strongly, DOGE group leading under the influence of Elon Musk and breakout technique
Network expansion, interacting with Solana via Wormhole expanding utility
Forecast: Changelly expects DOGE to hit $0.33 by the end of 2025; analysis forecasts $0.55 Q2, $1+ by the end of the year
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3. Technical analysis & Scenarios
Dogecoin has broken a 6-year downtrend, double-bottom pattern formed on daily
Indicator: RSI ~60–70 (bullish), Bollinger expanding, positive weekly MACD
Scenario
✅ If holding > $0.24 → target $0.30–0.36; bull case up to $0.42 around September
❌ If it breaks <$0.23 → correction to $0.20–0.18
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4. Investment strategy & RISK
Short-term trader
Entry: $0.24–$0.245
Target: $0.30–0.36
Stop-loss: $0.23
Medium/long-term holder
Narrative: meme coin recovery + Elon Musk + high OI + strong forecast
Entry: $0.25–$0.26
Mid–long-term target: $0.55–$1.00
Stop-loss: $0.22
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4.1 RISK
Rapid liquidity reduction → easy to experience strong volatility
If the narrative loses heat, the likelihood of a pullback to $0.20
Double-bottom pattern is uncertain → risk of false breakout
Excessive hype, easy to create wrong direction FOMO
