The price of Dogecoin (Dogecoin) reached $0.46 in December last year after Donald Trump won the U.S. presidential election.
The price of Dogecoin (Dogecoin) dropped to $0.23 earlier today after the meme coin faced a tough day for the entire crypto market. Despite its weekly decline of about 16%, it still retains monthly gains of 44% and 80% compared to last year, with some analysts confirming that its price is nearing an imminent breakout; trader Ali Martinez recently predicted a potential upward rebound towards $0.46 or more after forming a double bottom pattern.
This indicates that the next few weeks could be crucial for the price of Dogecoin (Dogecoin). Given its continued popularity and community support, the long-term price forecasts for Dogecoin (Dogecoin) remain very promising.
Dogecoin (Dogecoin-DOGE) price predictions: A crypto expert analyst predicts the potential to 'double' its value within weeks, is the bull market cycle about to start?
Ali Martinez posted his vision on his account on platform X last Friday, confirming that 'if the price of Dogecoin (Dogecoin) can reclaim the $0.26 level to become support', it may pave the way for the aforementioned rebound towards the $0.46 level.
If Dogecoin $DOGE is truly forming a double bottom, this is the spot for a rebound. Reclaiming $0.26 as support could set the stage for a rally toward $0.46! pic.twitter.com/L9IgDef4Ia
— Ali (@ali_charts) July 25, 2025
It is worth noting that the price of Dogecoin (Dogecoin) recently broke the support level of $0.26 after Martinez posted his tweet last Friday.
Therefore, its price does not seem capable of reclaiming the $0.26 level to become support, which could invalidate Martinez's predictions about a trend reversal and a rally towards $0.46.
Reviewing the price chart of Dogecoin (Dogecoin) today, it appears to be on the verge of a rebound, possibly due to its price breaking the upward flag pattern earlier this month and successfully holding above its upper limit, meaning that the price structure is still within the range of attempting to break out despite its decline this morning, and it has the necessary momentum to rebound during the week.
As for the technical indicators, the Relative Strength Index (in yellow) remains stable above 50, while the MACD lines (in orange and blue) are at a strong positive level. With the trading volumes of Dogecoin (Dogecoin) declining slightly since last week, its current value of $3.4 billion remains higher than it was a month ago by about 500%.
This suggests that the environment is still favorable for Dogecoin (Dogecoin), which has seen some large transactions in recent weeks indicating increased demand. Consequently, the price of Dogecoin may resume its rally towards $0.250 in the coming weeks, and perhaps $0.30 by the end of August, and $0.40 by the end of the fourth quarter of this year.
#Dogecoin is setting up for explosive moves.
$0.69 is confirmed. pic.twitter.com/4T9UfLLLT0
— dogegod (@_dogegod_) July 27, 2025
In the long run, the price surge will depend on the overall growth of the sector, along with the support of major backers of the currency such as Elon Musk.
The post Dogecoin (Dogecoin-DOGE) price predictions following a crypto expert analyst's expectation of the potential to 'double' its value within weeks, has the bull market cycle started?
