Dogecoin (DOGE) Trend Analysis and Trading Guide

As of August 2, 2025, Dogecoin (DOGE) is oscillating in the range of 0.19-0.23, with a weekly decline of 10%, showing significant short-term volatility.

The technical indicators show bearish signals, with RSI breaking below the 50 midline and OBV hitting new lows, reflecting strong selling pressure in the market; however, on-chain data is positive, with new addresses and active addresses increasing by 100% and 110% respectively over the past 7 days, indicating increased user participation.

In terms of bullish targets, analyst Javon Marks predicts that after breaking the key trend line, it may reach 0.65 (potential increase of 200%); however, the 1.00 target requires support from ETF approval and application expansion, making it unlikely to be achieved before 2030. The main constraints are the inflation mechanism with unlimited supply that undermines long-term value, and the price being highly dependent on sentiment, making it susceptible to influences from social media and celebrity activities.

In the short term, DOGE is at a critical point between bulls and bears, with 0.20 acting as support and 0.25 as resistance, forming a consolidation range. Increased holdings by whales and improved on-chain activity constitute potential positive factors, but they need to be accompanied by Bitcoin stabilizing at the key level of 116,700 and a recovery in market sentiment. Long-term breakthroughs above 1.0 require addressing supply mechanisms and application ecosystem shortcomings; investors should focus on technical breakout signals and the macro environment.

Dogecoin Hao Ge's trading guide for today: It is recommended to short near 0.20101-0.20500, with targets looking towards 0.19805-0.17530. #DOGE