Hello everyone, I am Penny.

Recently, $DOGE has performed well, although there is a risk of a pullback near $0.20 in the short term, but the mid-term bullish sentiment is evident. The price rapidly surged 15% to $0.25 a few days ago. If it can break through and stabilize, it will open up upward space. The current price is around $0.22, with the first phase target at $0.33, followed by breaking $0.40, and long-term outlook is very optimistic.

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Dogecoin market outlook

  • Strong expectations come from active whale movements.
    On-chain data shows that whale activity in Dogecoin has reached a monthly high, with over 40 million DOGE (approximately 90 million USD) moving between Robinhood and other addresses on August 13, indicating that institutional-level funds may be preparing to drive up the market.

  • The technical structure is bullish.
    The daily chart has shown a 'golden cross', a typical bullish signal. If it breaks through the resistance of $0.3343, it is expected to challenge the target range of $0.40 in the short term.

  • Short-term targets are slightly conservative: analysts tend to favor $0.26–$0.30.
    Most analytical institutions expect the reasonable fluctuation range for DOGE in the next two weeks to be $0.26–$0.30, and it needs to break through $0.26 to confirm an upward trend.

    Long-term bullish sentiment remains, but short-term challenges are significant.
    Although technical indicators and funding momentum support a mid-to-long-term rise, the market consensus generally believes that $0.40 is more likely to appear in a bullish trend rather than as a natural short-term movement.

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This chart shows the short-term price prediction range for DOGE:

  • The current trend is hovering around $0.24–$0.26;

  • Support is at $0.22;

  • Resistance levels are at $0.26 and $0.30 respectively;

  • If it breaks through $0.30 with volume, it is expected to challengethe target price of $0.40..

Penny's summary:

Currently, technical signals, whale momentum, and golden crosses create a path towards $0.40, but most analyses still view $0.26–$0.30 as a more realistic near-term target. Overall, the key for Dogecoin's market in the next two weeks lies in whether it can break through the strong resistance at $0.30. If market expectations loosen, funds continue to enter, and the overall crypto sector strengthens simultaneously, there is a higher probability of achieving this.