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

Published
Valdrin Tahiri
Published
By Valdrin Tahiri
Edited by Ryan James

Key Takeaways

  • Dogecoin (DOGE) bounced off a long-term diagonal support.
  • The Dogecoin price broke out from several resistance levels.
  • How much further can Dogecoin’s price continue rallying?

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.

DOGE Breakout
DOGE/USDT Weekly Chart | Credit: Valdrin Tahiri/TradingView

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.

DOGE Wave Count
DOGE/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView

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.

Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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Valdrin discovered cryptocurrencies while getting his MSc in Financial Markets from the Barcelona School of Economics in 2017. He has been an avid investor and trader since. Valdrin has written for several cryptocurrency media companies such as BeInCrypto and CoinGape. Valdrin served as the community manager for the BeIn Crypto Telegram group for three years, playing a key role in growing it into one of the largest cryptocurrency communities. His areas of expertise include technical, on-chain and fundamental analysis.
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