Dogecoin, as a leading cryptocurrency with significant volatility this year, despite many ups and downs, is still moving towards higher price targets.
Currently, the price of Dogecoin is 0.2187 dollars, having risen 2% in the past week, but it has dropped 8% in the last two weeks. This pullback may indicate that the time for a rebound has come. Considering Musk's support and the potential digital payment features that the X platform may launch, Dogecoin still has a chance to break through to 1 dollar in the long term.
Here are the latest price predictions for Dogecoin
Since mid-July 2025, Dogecoin's price has been oscillating within a symmetrical triangle, with highs gradually declining and lows gradually rising, suggesting that a breakout is imminent. Based on historical weekly charts, Dogecoin's previous two breakouts from descending wedges triggered significant surges, and the current retest behavior is highly consistent with the successful breakout pattern.
From a technical perspective, the MACD has turned bullish, the RSI has rebounded, and support has broken above 0.23 dollars. If the breakout is successful, Fibonacci levels point to a target of 0.31 dollars. Dogecoin is gaining momentum near 0.23 dollars, and there may be a surge in the coming days.
DOGE tightens near the peak, breaking long-term support
Weekly chart analysis indicates that Dogecoin has broken the descending wedge structure twice since 2017. In 2021, Dogecoin soared from 0.00271 dollars to 0.72931 dollars. It is expected that by mid-2025, after breaking the second wedge, it will retest the breakout area, forming a bullish higher-low structure. The historically accumulated support levels are 0.16555 dollars, 0.10039 dollars, and 0.04335 dollars; these areas are key supports and can serve as important references for risk management if the breakout fails.
Technical indicators show that bullish momentum is strengthening
The MACD on the 4-hour chart has broken above the signal line at 0.00042, marking the end of the bearish trend; the RSI has rebounded to 46.72, moving out of the oversold zone; the trading volume remains stable at about 45.21 million, with market capitalization fluctuating between 33 billion and 36 billion dollars at the end of August. Attention should be paid to the increase in trading volume and confirmation signals for a closing price above 0.23 dollars; otherwise, the price may continue to oscillate within the range.
How high can Dogecoin rise after the breakout?
If it breaks above 0.23 dollars, the short-term target price is 0.26-0.28 dollars, and based on Fibonacci retracement and annual high analysis, the final target could reach 0.31 dollars. Confirmation of trading volume will determine the strength and sustainability of the rise.
How to manage the risks brought by DOGE's breakout?
Use the support levels of 0.16555 dollars and 0.10039 dollars to set stop-loss and position sizes, so that even if the breakout fails, it will not exceed the set loss threshold. Wait for confirmation when the closing price is above 0.23 dollars and volume increases.
Key Points
Immediate trigger: A closing price above 0.23 dollars will validate the breakout argument.
Momentum alignment: MACD positive cross and RSI recovery support bullish momentum.
Risk Level: Focus on 0.16555 dollars and 0.10039 dollars as major supports for risk management.
Conclusion
As the price continues to compress within the symmetrical triangle and momentum indicators turn bullish, the conditions for Dogecoin's breakout are gradually being met. Traders should closely monitor the key breakout above 0.23 dollars and volume confirmation; once validated, it may drive the price up to the range of 0.26-0.31 dollars.
