Dogecoin (DOGE) Price Jumps 50% — Bulls Eye $0.30 as Next Major Target

Dogecoin was among the best-performing memecoins in the second half of 2024, rallying nearly 500% to a high of $0.48.

However, 2025 has been the exact opposite, with the price falling 75% in four months, culminating with a low of $0.13.

While the outlook was grim, DOGE rallied 50% last week, creating optimism for a bullish trend reversal.

Let’s analyze the charts and see how likely that is.

DOGE Price Bounces

The weekly time frame analysis shows that Dogecoin’s price has increased alongside an ascending support trend line since November 2023.

Dogecoin bounced at the trend line multiple times, more recently in April 2025 (green icon), starting the current upward movement.

Dogecoin broke out from a descending resistance trend line (dashed) and closed above $0.22 during its increase.

The $0.220 area has been key throughout Dogecoin’s price history, so its reclaim is a positive sign for the future.

Technical indicators are also turning bullish. The Relative Strength Index (RSI) is increasing and is nearly above 50.

The Moving Average Convergence/Divergence (MACD) already made a bullish cross (black) and is pointing upward.

So, the weekly time frame suggests Dogecoin’s trend is gradually turning bullish.

Parabolic Dogecoin Rally

The short-term wave count gives a bullish Dogecoin prediction, suggesting that new highs are likely.

The wave count shows a 1-2/1-2 wave structure with a notable wave three extension (green).

Dogecoin also broke out from an ascending parallel channel, indicating the upward movement is impulsive.

Technical indicators legitimize the increase, since they are in positive territory and have not created bearish divergence.

The DOGE increase will likely continue toward $0.307 and then $0.350.

Bullish Trend Ahead

The DOGE price prevented a breakdown with a significant bounce in April.

The long-term price readings and wave count give a positive Dogecoin analysis, suggesting new highs are ahead.

If the rally continues, the closest resistances will be $0.307 and $0.349.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

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