Analysts' predictions for Dogecoin (DOGE) vary; some expect it to reach $0.26 by the end of August, an increase of 16.6%, while others believe that if it follows past breakout patterns, it could soar to $1.09.
Experts remain cautious in their bullish predictions.
Some analysts predict that Dogecoin (DOGE) could reach $0.26 by the end of August, a 16.6% increase from current levels. Others predict that if past breakout patterns repeat, it could soar to $1.09, with long-term targets potentially reaching $4, followed by a possible retracement below $1.
Although these predictions, especially the initial ones, are supported by the accumulation of well-known large holders and a high greed index, MCQ Markets CEO Curt Hopkins advises caution due to the inherent high volatility of memecoins. However, Hopkins assessed that if this digital asset does break through the $0.26 barrier, then advancing to $0.46 could become possible.
"Technical analysis marks $0.26 as a key resistance level. Breaking this level could push DOGE towards $0.46, with further resistance at $0.30 and $0.36. Large holders have recently accumulated DOGE, and if momentum increases, it could indicate a potential rise," Hopkins explained.
According to MCQ Markets CEO, this digital asset has broken a four-year history of third-quarter losses, growing 52.4% in the second quarter and absorbing significant market inflows. However, the CEO warned that as it approaches the $0.25 resistance, the momentum of DOGE may be weakening, "If there is no new buying pressure, the $0.30 target is considered unlikely."
Analysis of Coingecko data shows that DOGE experienced significant volatility in July. The digital asset traded at slightly above $0.165 at the beginning of the month and climbed to a local peak of $0.283 on July 21. However, this upward trend was difficult to sustain, leading to a subsequent price correction, with DOGE falling back to $0.22 on July 30 (12:22 p.m. Eastern Time). Despite maintaining a significant increase of 34% over 30 days, its current valuation has significantly retraced nearly 50% from its high of $0.466 on December 9, highlighting a continued market reassessment.
However, despite the downtrend of this digital asset and a significant decrease compared to December 2024, supporters like social media user KALEO believe it will reach new highs. More conservative analysts predict that for the remainder of 2025, the price will fluctuate between $0.33 and $0.40, with a near-term target of $0.31. Meanwhile, Hopkins predicts that if bulls dominate, DOGE will break through the $1 barrier.
"In a bullish scenario, if it breaks through key technical levels and market sentiment remains positive, DOGE could surge to $0.65 or even $1.25," the CEO asserted.
Despite these bullish predictions, Hopkins reiterated his warning regarding the high volatility and speculative nature of memecoins, all of which require prudent risk management.
In the current market environment, short-term trading is indeed necessary. If one continues to wait for spot recovery, analysts' predictions for Dogecoin (DOGE) vary; some expect it to reach $0.26 by the end of August, an increase of 16.6%, while others believe that if it follows past breakout patterns, it could soar to $1.09.
Experts remain cautious in their bullish predictions.
Some analysts predict that Dogecoin (DOGE) could reach $0.26 by the end of August, a 16.6% increase from current levels. Others predict that if past breakout patterns repeat, it could soar to $1.09, with long-term targets potentially reaching $4, followed by a possible retracement below $1.
Although these predictions, especially the initial ones, are supported by the accumulation of well-known large holders and a high greed index, MCQ Markets CEO Curt Hopkins advises caution due to the inherent high volatility of memecoins. However, Hopkins assessed that if this digital asset does break through the $0.26 barrier, then advancing to $0.46 could become possible.
"Technical analysis marks $0.26 as a key resistance level. Breaking this level could push DOGE towards $0.46, with further resistance at $0.30 and $0.36. Large holders have recently accumulated DOGE, and if momentum increases, it could indicate a potential rise," Hopkins explained.
According to MCQ Markets CEO, this digital asset has broken a four-year history of third-quarter losses, growing 52.4% in the second quarter and absorbing significant market inflows. However, the CEO warned that as it approaches the $0.25 resistance, the momentum of DOGE may be weakening, "If there is no new buying pressure, the $0.30 target is considered unlikely."
Analysis of Coingecko data shows that DOGE experienced significant volatility in July. The digital asset traded at slightly above $0.165 at the beginning of the month and climbed to a local peak of $0.283 on July 21. However, this upward trend was difficult to sustain, leading to a subsequent price correction, with DOGE falling back to $0.22 on July 30 (12:22 p.m. Eastern Time). Despite maintaining a significant increase of 34% over 30 days, its current valuation has significantly retraced nearly 50% from its high of $0.466 on December 9, highlighting a continued market reassessment.
However, despite the downtrend of this digital asset and a significant decrease compared to December 2024, supporters like social media user KALEO believe it will reach new highs. More conservative analysts predict that for the remainder of 2025, the price will fluctuate between $0.33 and $0.40, with a near-term target of $0.31. Meanwhile, Hopkins predicts that if bulls dominate, DOGE will break through the $1 barrier.
"In a bullish scenario, if it breaks through key technical levels and market sentiment remains positive, DOGE could surge to $0.65 or even $1.25," the CEO asserted.
Despite these bullish predictions, Hopkins reiterated his warning regarding the high volatility and speculative nature of memecoins, all of which require prudent risk management.
