Dogecoin July - August Price Prediction:
Since March, the range pattern (in white) has extended from $0.142 to $0.25. The high point of this range was broken on July 20 (Sunday). For most of the past twelve days, trading volume has been well above average, helping Dogecoin break through the key resistance level of $0.25.
The breakout of the range high point and the range width suggest that the current upward trend of Dogecoin should reach at least $0.33. At the time of writing, Dogecoin is testing the February resistance level of $0.285.
Above, the next key resistance level is marked in yellow. The psychological resistance level of $0.4 could pose significant resistance for Dogecoin, especially considering it has been at an important level from November 2024 to January 2025.
In the next month or two, the price prediction for Dogecoin will be strongly bullish, based on the range breakout, with a target price of $0.357. In the short term, a pullback to $0.25 or a fair value gap of $0.26 will provide good buying opportunities for volatile traders.
