#Dogecoin Price Outlook: #ETF Speculation and Bullish Technical Patterns Signal Potential Breakout

Dogecoin ($DOGE ), the world’s most popular memecoin, is showing renewed strength in mid-August 2025. At press time, DOGE trades near $0.2286, up by roughly 3% on the day, as optimism sweeps across the broader cryptocurrency market.

Over the past several weeks, Dogecoin has maintained a steady bullish bias, consolidating within a well-defined price channel. With speculation about a potential Dogecoin ETF approval gaining traction, investor confidence is climbing and traders are eyeing higher price targets.

Dogecoin Technical Setup Suggests Major Upside

Market analyst Trader Tardigrade recently highlighted a broadening wedge pattern forming on Dogecoin’s weekly chart. Historically, this technical setup has been a precursor to sharp upward moves for DOGE.

In previous cycles, similar wedge structures triggered rallies of over 120% and later 190%, eventually propelling the coin to its all-time high near $0.77.

If history repeats itself, analysts suggest that Dogecoin could potentially climb toward $1.4 in the next major rally, a price level that would mark a historic milestone for the meme-inspired asset.

On shorter timeframes, Dogecoin has been consolidating within an accumulation range of $0.21 to $0.30 since February. Encouragingly, higher lows are beginning to appear, which signals that buyers are quietly accumulating DOGE at current levels.

A decisive move above $0.25 could set the stage for a test of the $0.30 resistance level, and if bullish momentum continues, the next significant target may extend toward $0.50.

Meanwhile, the Relative Strength Index (RSI) is hovering near neutral levels, suggesting the market is not yet overheated and still has room for an upward breakout.

Grayscale Pushes Dogecoin ETF Plans Forward...

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