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Dogecoin Set to Explode? Analyst Predicts 560% Surge to $0.95

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  • Dogecoin bounced from support and reached $0.25 before pulling back to $0.228 by May 24.
  • Historical bull flags led to gains of 90%, 215%, and 440%; current setup suggests $0.95.
  • ETF filings by Nasdaq and Grayscale have boosted sentiment, hinting at potential price surge.

Dogecoin is gaining attention again as its price starts to build strength. After bouncing from support early in the week, the meme coin moved up, reaching as high as $0.25 before pulling back. As of May 24, it’s trading at $0.228. This level shows that buyers are still trying to keep the momentum alive, despite facing some resistance.

DOGEUSD 2025 05 24 11 22 39
Source: CoinMarketCap

Analysts at Bitcoinsensus, on May 23, pointed to a series of bull flags shaping the cryptocurrency’s path over the last two years. These patterns, seen multiple times, have led to strong price spikes following short-term dips.

In September 2023, the first major bull flag formed. Dogecoin slid inside a downward channel, then broke out in November. That move sent the price soaring by 90%. A similar structure took shape again in February 2024, with the breakout arriving in March and bringing a 215% rally.

A third breakout came later in March and continued into October. After months of slow decline, the price broke above the pattern again in November, spiking upward by 440%. These recurring patterns are not subtle, and the fourth flag seems to be unfolding in a Similar way.

DOGE 5
Source: Bitcoinsensus

Chart History Suggests New Highs Possible

This latest flag began forming in early 2025 and lasted into May. According to Bitcoinsensus shared chart, Dogecoin didn’t just push out of the flag—it came back, tested the upper edge of the pattern, held support, and began rising once more. 

This kind of retest is viewed by traders as a sign of strength and possible confirmation that a rally is underway. If this new move mirrors past breakouts, the price could move up to $0.95. That would represent a 560% gain from its recent low.

Another analyst known as CobraVanguard has pointed to a different chart pattern that also shows bullish signs. In April, he flagged a “cup and handle” setup on Dogecoin’s monthly chart. The cup part began with the coin’s rise toward $0.80, followed by a slow, rounded fall that ended in the first half of 2022. After bottoming at $0.0468, the price moved up again.

The upward move from $0.0468 led to an increase of about 733%, hitting roughly $0.41546—marked as the AB leg of the pattern. Then came a pullback, creating the handle structure. If the pattern completes as expected, the next wave could push Dogecoin up to $0.880.

DOGE 1
Source: Trading View

Dogecoin ETF Hopes Add to Bullish Outlook

Outside of chart patterns, interest is also growing because of developments on the ETF front. Nasdaq has submitted a filing to the SEC seeking approval to launch a 21Shares Dogecoin ETF. This fund would hold actual Dogecoin, with Coinbase in charge of keeping the assets safe. The value would track the real DOGE market price.

Grayscale is also pursuing regulatory approval from the SEC for its own proposed Dogecoin ETF. Neither has received the green light yet, but talk of ETFs alone is lifting sentiment. Many believe approval could push Dogecoin beyond $0.50.

Dogecoin’s recent activity is drawing in traders who believe past behavior might repeat again. While the charts and ETF filings don’t guarantee a rally, they offer enough evidence for many to think the price could rise sharply again—possibly as high as $0.95.

Read More | XRP Open Interest Has Climbed To $5.2 Billion On The Biggest Exchanges

Wormhole Brings Dogecoin to Solana, Unlocking $37B Asset Utility

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  • Dogecoin, a $37 billion asset, is now live on Solana via Wormhole’s NTT system.
  • Wormhole has moved over $11.5 billion into Solana, more than any other cross-chain platform.
  • DOGE trades at $0.245, aiming for $0.31 after breaking key resistance at $0.23.

Dogecoin is making a major shift by stepping into the Solana network. On May 23, Wormhole, an interoperability platform, revealed it had begun supporting DOGE as a native token on Solana. The $37 billion asset will now be accessible on one of the most actively used blockchain ecosystems in the world.

This transition uses Wormhole’s Native Token Transfers (NTT) framework and zero-knowledge proofs developed by Psy and RISC Zero. The integration means DOGE holders will now have access to faster and broader token use across networks while keeping ownership and smart contract functionality intact.

Robinson Burkey, co-founder of the Wormhole Foundation, said, “Bringing DOGE to Solana combines two massive industry forces, the leading blockchain by volume and a top ten digital asset by market cap.”

Cross-Chain Boost Brings DOGE Closer to Real Utility

The update happens as retail investors show increasing interest in large-cap tokens and better liquidity. With the help of Wormhole’s system, DOGE becomes part of a broader network of assets, where its reach and utility can grow even further. This also strengthens Wormhole’s aim to connect finance with the wider digital economy.

Bringing DOGE to Solana is part of Wormhole’s ongoing effort to expand its presence on that network. So far, it has enabled over $11.5 billion to flow into the Solana ecosystem—more than any other interoperability service has achieved. The firm continues to be seen as the backbone for cross-chain movement of assets like stablecoins and high-value tokens.

This step positions Wormhole as the key provider of flexible token transfers across networks. Its NTT framework is gaining ground as the default approach for issuing multichain tokens without giving up control or flexibility.

Dogecoin Eyes $0.31 Price Target

Dogecoin’s recent market activity reflects the interest generated by the announcement. The coin is trading at $0.245 today, showing a 2.28% rise in the last 24 hours and 14.39% growth over the past week. On May 22, analyst Ali Martinez noted signs of bullish movement in DOGE’s chart that hinted at more gains.

He pointed to a breakout past the $0.23 mark, lifting Dogecoin out of a chart pattern known as a bullish pennant. Since May 11, the coin had faced repeated failures to climb above $0.26, which acted as a ceiling. But the current pattern suggests that DOGE might finally be gaining momentum.

Dogecoin 14
Source: Ali_Charts

The price surge is now targeting the 1.414 Fibonacci extension level at $0.31. If reached, this would mark a 29% increase from current values and push prices to levels last seen in February. However, Martinez earlier mentioned the $0.25 to $0.26 area as a resistance point that DOGE needs to overcome to hold its gains.

Dogecoin’s arrival on Solana comes at a moment when both tech and price charts point upward. The move reflects growing interest from both developers and traders looking for faster, more efficient ways to move digital assets without being tied to one network.

Read More | ENA Token Signals Bullish Reversal: Double Bottom Pattern Points to $1.4818

Dogecoin Breakout Nears $0.30 as Bitcoin Hits New All-Time High

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  • Dogecoin stays firm at the $0.24 support level, hinting at a breakout towards $0.30.
  • Historical patterns reveal DOGE spiked 94x and 190x when Bitcoin registered its all-time weekly highs in 2017 and 2020.
  • Technical breakouts indicate $0.28–$0.30 resistance; failure at $0.25 threatens a dip back to $0.21.

Dogecoin’s price is showing signs of a potential breakout, exciting traders with optimistic forecasts. Over the past month, DOGE’s MACD indicator flipped positive, and the coin has maintained critical support above $0.24. This technical strength has reignited hopes for a substantial upward move beyond $0.30.

Currently consolidating above key support levels, Dogecoin attracts bullish predictions suggesting it could surpass the symbolic $1 mark. Investors and analysts are watching closely as the meme coin gains momentum, driven by renewed interest and favorable market conditions tied to Bitcoin’s performance.

Dogecoin Poised for Third Explosive Growth Cycle

A prominent crypto analyst shared a striking comparison of historical Bitcoin and Dogecoin cycles. The analysis reveals that Dogecoin’s massive rallies in 2017 and 2020 closely followed Bitcoin’s weekly candle closes at record highs, with DOGE increasing by 94x and 190x respectively.

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In Cycle 1 (2017), Dogecoin exploded with a 94x gain after Bitcoin’s breakout. In Cycle 2 (2020), the meme coin skyrocketed by an astounding 190x. Now, with Bitcoin hovering just beneath its previous peak in 2025, crypto watchers are closely monitoring whether history will repeat itself.

A confirmed weekly close through BTC’s current high might mark the commencement of Cycle 3 and the potential for Dogecoin’s greatest performances ever. “Watch the weekly close,” the tweet warns, referencing the explosive chart pattern following prior breakouts. If the past is any indication, the dogecoin might be gearing up to make its biggest jump yet.

Dogecoin Eyes $0.28–$0.30 Resistance Zone

DOGE is experiencing a notable uptick in its market performance as Bitcoin edges closer to its all-time high. Currently, DOGE is trading at approximately $0.25125, marking a 4.5% increase over the past 24 hours. The cryptocurrency boasts a market capitalization of around $37.6 billion, with a 24-hour trading volume of $2.75 billion.

DOGEUSDT 2025 05 23 07 58 46

Technical charts indicate DOGE breaking out from a downtrend falling wedge and approaching convergence of the key EMAs (26, 50, 100). This confluence typically precedes a strong buying phase and can indicate DOGE might rise to $0.28-$0.30, a zone that functions as a psychological level of resistance.

But traders should still caution if DOGE cannot hold up over the $0.25 resistance level, and a retreat towards support at $0.21 can be expected. Volume is increasing but hasn’t yet reached levels indicative of strong spec buying enough to signal the current upsurge may persist.

Read More: Dogecoin Breaks Bullish Pattern, Targets Strong Rally Toward $0.31

Dogecoin Eyes $0.30 as Bullish Flag Pattern Signals Breakout Potential

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  • Dogecoin rebounded to $0.226 on May 21 after dipping from a high of $0.24.
  • Bullish flag and triangle patterns suggest breakout targets between $0.30 and $0.37.
  • 200-day EMA at $0.21 holds firm; RSI at 59 signals room for further upside.

Dogecoin is showing signs of renewed strength after a rollercoaster week. On May 14, 2025, the token touched a high near $0.24. By May 17, the price dipped slightly to just above $0.21. As of May 21, it has climbed back to $0.226, reflecting a daily increase of 1.49%. This swing in price has sparked fresh analysis about the coin’s next direction.

One of the key signals catching attention is a Bullish Flag pattern forming on the two-hour chart. This setup, identified by World of Charts, appears after a sharp rise followed by a short pullback in a downward channel. 

“$DOGE on verge of another breakout,” the analyst noted, adding, “Formed bullish flag, expecting move towards $0.30 after successful breakout.” A clean break above the flag could trigger a 33.33% price jump from current price levels.

DOGE
Source: World Of Charts

Support for this optimism comes from other technical patterns as well. Analyst Trader Tardigrade has highlighted a converging triangle taking shape on the daily chart. These setups, often seen before steep climbs, place potential breakout targets between $0.35 and $0.37. The triangle is situated just under the $0.25 level, a key area traders are watching closely.

On-Chain Trends Favor Dogecoin Rise

Beneath the charts, on-chain data is providing more signs of bullish pressure. Data from Coinglass’s OI-Weighted Funding Rate shows positive rates for Dogecoin. The current figure for DOGE stands at 0.0094%, indicating that traders holding long positions are paying short sellers. In crypto markets, that dynamic usually signals confidence in higher prices ahead.

DOGE 6
Source: Coinglass

Meanwhile, activity among dormant addresses has picked up, suggesting that long-time holders are beginning to move their DOGE. This kind of movement, paired with positive funding rates, has been a common pattern before earlier upswings.

There’s also notable behavior around Dogecoin’s long-term technical support. Over the past week, the coin has tested its 200-day Exponential Moving Average several times. This level, sitting at $0.21, has acted as a solid floor. The token is currently trading just above it, holding steady for now.

Upside Potential With Support Intact

If that support holds steady, Dogecoin might rise around 20% from its current position. That would bring the price near $0.27, which aligns with the 50% Fibonacci retracement level drawn from its August 2023 low of $0.05 to the December 2024 high of $0.48. This midpoint level often acts as a magnet for price.

DOGEUSDT 2025 05 21 16 16 11
Source: TradingView

The Relative Strength Index on the daily chart reads 59, putting it above the neutral line of 50. That points to continued buying strength, though not yet in overbought territory. It gives the bulls more room to run.

On the other side, if Dogecoin breaks below the 200-day EMA and fails to recover quickly, the price could slide further to its next weekly support level of $0.18.

Read More | Fetch.ai (FET) Forms Bullish Pattern: Cup & Handle Hints at $1.40 Rally

Dogecoin Faces Critical Test At $0.214, Breakdown Could Trigger Steep Drop

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  • Dogecoin is holding slightly above $0.214, a level that, if lost, could lead to further decline.
  • If Dogecoin falls below $0.2135, the price could crash down to $0.20 or $0.19.
  • The price needs to move above $0.222 and $0.2307 to break out of the current downtrend.

Dogecoin is showing signs of weakness as it sits just above a key price level that could trigger a further fall. The coin has lost most of the strength it built in late April and early May. After briefly pushing higher earlier this month, Dogecoin started to retreat, and now it’s under pressure again.

According to RLinda, a crypto analyst on TradingView, Dogecoin is testing a crucial level at $0.214. She called it a “retest of the panic zone.” If the price closes below this level, especially beneath $0.2135, a stronger downtrend could follow. That would clear out long positions and invite more sellers into the market.

The last bullish stretch ended between May 9 and 11, when the price touched the $0.26 area. RLinda described that range as the final part of a distribution phase. Since then, the coin has formed lower highs, showing signs of a correction phase. This pattern has formed a triangle on the 2-hour chart, a common sign of weakening momentum.

DOGE
Source: TradingView

Support and Resistance Levels Under Pressure

If the triangle structure breaks down, RLinda believes this could confirm stronger bearish sentiment. She warns this would open the door to deeper targets around $0.20, and even down to $0.19 if the pressure continues.

On the other hand, Dogecoin needs to reclaim resistance levels at $0.222 and $0.2307 to avoid this setup. Holding above $0.23, with consistent price action, could cancel out the current bearish tone.

Without that recovery, the downside remains open. The $0.2145 and $0.2135 levels are the final key supports preventing further declines. A close below $0.2135 would likely push the price into a lower trading zone, with limited support until around $0.20126 or $0.19298. The next few sessions could decide the direction.

Not all analysts are bearish. Another market watcher, Henry, sees a familiar pattern forming: accumulation, breakout, and then re-accumulation. He argues that if Dogecoin can stay above $0.22, a run toward $0.28 is possible. Henry also pointed to the daily chart where the MACD has flipped bullish again—similar to what happened before earlier rallies.

Dogecoin 13
Source: Henry

Signs of Buyer Strength Emerge

At the moment, the meme coin is hovering around $0.22, showing a slight gain of just over 1% in the past day. This small rise isn’t enough to call it a bullish reversal, but it shows that buyers are not completely out of the picture. If this trend holds, there may be a stronger attempt at recovery.

Still, the situation remains fragile. The coin is walking a thin line. A firm bounce from this area could revive bullish hopes, but a slip below could open the gates for further losses. RLinda made it clear that without a confirmed move above resistance, the trend is still tilted toward sellers.

While the broader sentiment is cautious, price action around $0.22 will likely shape the near-term outcome. For now, Dogecoin traders are watching that zone closely, waiting for the market to make its next move.

Read More | Ethereum Faces Resistance as Whales Offload $17.76M ETH

Dogecoin (DOGE) Breakout Brewing—Will It Hit $0.306 Soon?

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  • Dogecoin forms a descending triangle with stable support at $0.215, indicating a possible breakout.
  • A confirmed breakout above $0.228 could trigger a rally toward $0.306 — a 38% gain.
  • Whale wallets added over 1 billion DOGE recently, now holding 25.97 billion tokens in total.

Dogecoin (DOGE) may be on the verge of a significant price move, according to chart analysis shared by market analyst CW. On May 18, CW posted a 4-hour chart of DOGE/USDT showing a descending triangle formation, often considered a precursor to a breakout.

The triangle pattern is forming with a series of lower highs and steady support around the $0.215 level. This structure signals a squeeze in price action, which typically results in a sharp move once a breakout occurs. CW chart shows that the price is nearing the apex of the triangle, suggesting a decisive breakout could happen soon.

DOGE’s short-term convergence breakout is imminent,” CW said.

Dogecoin
source: CW

According to CW, a break above the triangle’s resistance line could push DOGE up toward $0.306. This target is based on the height of the triangle, measured from the widest point of the pattern and added to the breakout level.

“If the convergence breakout is achieved, further rise to the $0.306 level is possible,” CW noted. The move would mark a 38% gain from the current trading range.

Bullish Momentum Builds for Dogecoin

At the moment, Dogecoin trades at $0.223. It has risen 2.96% over the past 24 hours and now stands above its 200 EMA, currently set near $0.216. That moving average serves as a critical support level and gives bulls confidence in holding their positions.

A clear push above $0.228 is seen as a confirmation level. If that happens, DOGE may then aim for the next resistance zone around $0.265, with $0.3 becoming a strong psychological and technical target after that.

DOGEUSD 2025 05 18 15 17 21
Source: Trading View

Volume has remained steady, and recent candles on the chart reflect growing buyer interest. If that buying pressure continues and is paired with a surge in volume, the price could break higher faster than expected. No signs of weakness have appeared yet.

Supporting the positive outlook, the Relative Strength Index (RSI) now reads 60.21. That places Dogecoin firmly in bullish territory but not at the point of being overbought. A reading above 50 suggests strength, and being under 70 shows that there’s still room for more gains. There’s no indication yet of a reversal on the horizon.

Whale Activity Signals Rising Confidence

Beyond the charts, on-chain data backs the growing optimism. Over the past month, major Dogecoin holders—commonly referred to as whales—have accumulated over 1 billion DOGE. These large wallets now control around 25.97 billion tokens. This increase in holdings is often seen as a sign of confidence, with accumulation hinting at expectations for a price rise.

Dogecoin 12
Source: Ali_Charts

Clear support levels are in place if the price sees a decline. The $0.216 level, which matches the 200 EMA, is the first safety net. If the price slips below that, there is added support at $0.205, matching the 100 EMA. A deeper decline that holds below $0.202 could erase the bullish setup and push the coin into another phase of sideways movement or even losses.

All signals, however, point upward at the moment. The $0.228 resistance is the line to watch. A confirmed move past that could ignite a rally toward the long-watched $0.3 mark, a level Dogecoin hasn’t reached in months. With momentum building and whales positioning, the coin appears set for a possible breakout.

Read More | PEPE Whale Buys $22 Million Worth of Tokens during memecoin market price drop

Dogecoin Gains 41% in a Month, Futures Data Suggests It’s Not Topping Yet

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  • Dogecoin rose 41.18% in a month as trade war fears eased and crypto rebounded.
  • Whales added over 1 billion DOGE recently, bringing holdings to nearly 26 billion tokens.
  • Bull flag pattern suggests DOGE may hit $0.95, implying a possible 300% gain.

Dogecoin has surged 41.18% over the past month, fueled by easing trade war concerns and fresh momentum in the broader cryptocurrency market. The sharp rise has caught analysts’ attention, with many believing the upward trend still has room to run.

Analysis from CryptoQuant contributor burakkemeci points to a pattern that repeats during Dogecoin price peaks. A recent post shows that these tops often appear when there’s a spike in retail futures trading. Burakkemeci’s chart links these surges to intense activity in the futures market, especially from individual investors placing short-term bets.

Red bubbles in the chart show where retail speculation spikes. These red zones tend to match up with previous price tops, hinting that this kind of activity could signal an overheated market. The presence of these bubbles at price peaks suggests that too much trading by smaller investors could be a warning sign.

On the other hand, the same chart includes green and pink bubbles representing quieter retail activity. These areas lineup with more stable and healthier price behavior. Burakkemeci points to these times as possibly better for entering the market. 

Dogecoin 10
Source: CryptoQuant

Neutral Futures Zone Leaves Room to Climb

Though the price has recently surged, current Dogecoin futures activity still sits in a neutral zone. This lack of excessive trading from retail investors implies that a blow-off top has yet to form. According to the analysis, this may leave more room for Dogecoin to climb.

Adding strength to the current rally, Dogecoin’s on-chain activity and whale behavior show strong support. In a tweet posted by Ali Martinez, whales — large holders of the token — have added over 1 billion DOGE to their wallets in the past month. This brings their total to nearly 26 billion DOGE. Their accumulation indicates rising confidence from major investors and adds fuel to the bullish narrative.

The network has also grown more active. Daily transaction volume has neared $549 million, while the number of active daily addresses climbed to 69,200. These figures point to increased participation and utility, which often contribute to a healthy price surge.

Dogecoin 11
Source: Ali_Charts

Dogecoin Bull Flag Points to 300% Upside

A technical outlook from Bitcoinsensus supports the idea that Dogecoin’s rally may not be over. The analyst describes a clear pattern playing out on the weekly chart. The coin has been moving in impulsive waves, separated by short pullbacks — a setup that mirrors classic “bull flag” behavior.

Each breakout from this pattern has topped the previous one. The first major wave brought a 90% rise. The second gave traders a 215% gain, and the third delivered a jump of 440%. DOGE is now in wave 4, having just broken out of descending channel.

Dogecoin 10
Source: Bitcoinsensus

The analyst from Bitcoinsensus believes that the breakout could set the stage for a strong rally, with $DOGE aiming for a target of $0.95. That would mark a potential gain of over 300% from current levels. Chris, another analyst, forecasted a potential run to $1 before the end of summer.

As Dogecoin rides this wave of optimism, traders and investors are being reminded that watching futures activity — particularly surges in retail participation — could provide early warnings before any major reversals. For now, DOGE still has room to move, but all eyes remain on the signals flashing behind the price.

Read More | Dogecoin News: Major ETF Update, Active Addresses Surge 528% – Price Set To Follow?

Dogecoin Faces Short-Term Dip Risk to $0.20 Amid Bullish $1 Breakout Outlook

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  • Dogecoin stands to decline short-term to $0.20 as support flails with a 25% two-week increase.
  • Historical retail futures trading spikes mark DOGE tops; volume jumped 30% to $1.77 billion.
  • A Breakout of the falling wedge pattern indicates a probable rally to $1 in the present trading cycle.

Dogecoin (DOGE) has recorded an impressive 25% rise in the last two weeks to an all-time high of $0.24. Its movement is in line with the overall crypto market’s upward movement. The asset has declined 0.3% in the last 24 hours as of the time of writing and was trading at $0.22.

Retail traders are showing renewed interest in DOGE, especially amid rising meme coin popularity. Despite recent gains, technical indicators suggest possible downside risks. A minor decline hasn’t shaken optimism, but concerns remain as broader market sentiment begins to weaken following macroeconomic uncertainties.

Bearish Signals Emerge as Analysts Predict Pullback

Crypto analyst KrissPax noted a new lower low forming on Dogecoin’s chart, signaling weakening support. This combined with overall market vulnerability has the potential to drive DOGE towards $0.20 during the weekend. Traders are on high alert as they watch for the meme coin crossing the key psychological support level.

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DOGE’s struggle to hold important support levels indicates increasing bearish momentum. The breakdown of these critical price levels has heightened selling pressure, and the short-term outlook of the meme coin is in jeopardy. Most analysts are keeping an eye on whether DOGE will approach the psychologically critical $0.20 price point in the days that lie forward.

According to CryptoQuant contributor burakkesmeci, Dogecoin’s past peaks align with spikes in retail futures trading. He shared a chart revealing that high-frequency futures trades by retail investors often precede local price tops. These periods often precede corrections due to excessive market greed.

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Bullish Breakout Pattern Hints at $1 DOGE

On the bullish side, crypto analyst Anup Dhungana spotted a breakout from a long-term falling wedge structure on DOGE’s weekly chart, a historically bullish chart setup that tends to be the precursor to marked price rallies. Using his chart interpretation of it, Dhungana predicts DOGE has the potential to ascend back towards $1 in the current cycle.

Dogecoin is now priced at $0.2169, representing a 3.63% day decrease. Its market capitalization has dropped to $32.39 billion, representing a 3.62% decrease in line with the price movement. The trading volume dropped 30% to $1.77 billion, an indication of increasing investor interest perhaps caused by dip-buying and speculation. 

Dogecoin’s fully diluted value (FDV) also currently stands at $32.39 billion, representing all of the tokens being in circulation. Although volatility is still present, the ongoing bullish signs of DOGE point to strength in the memecoin space and suggest further upward movement.

DOGEUSDT 2025 05 17 07 57 06

Read More: Dogecoin: High Transaction Volume and Whale Activity Could Cause Price Rise

Dogecoin (DOGE) Could Reach $0.40 If This Resistance Level Is Cleared

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  • Dogecoin jumped 35% over the past week and is now sitting at $0.232.
  • Analysts expect a breakout above $0.24 could push DOGE toward $0.40 or even $0.48.
  • On May 13, active addresses jumped 528%, from 74,640 to 469,477, signaling rising interest.

Dogecoin has recently shown renewed strength, climbing more than 35% in the past week and reaching a price of $0.232. Its recent surge follows a breakout under $0.17 on May 7 , setting off new speculation about a run toward $0.40. As of now, the coin is locked between $0.22 and $0.25, with brief pauses expected before its next move.

In an X post on May 14, Trader Tardigrade pointed out that Dogecoin has hit resistance at $0.24. He expects some sideways movement before the coin pushes higher, stating that a clean breakout could lead to a run toward $0.40.

Dogecoin has reached a key level and is experiencing some resistance. Once it breaks the current resistance, the next $DOGE target is around $0.40,” Trader Tardigrade added.

Dogecoin 7
Source: Trader Tardigrade

Kriss Pax, a known Dogecoin supporter, also shared a bullish view, citing an inverse head-and-shoulders pattern forming on the daily chart. According to him, “Stuck between $0.22 and $0.25. Opportunities for buying dips will come. Some will swing trade. But when $DOGE decides to take off, you will want to be on board.”

Kriss believes this setup could lead to a move as high as $0.42. The technical pattern he references often appears before strong upside moves, supporting his prediction. His outlook aligns with growing market interest and a positive trend among long-term holders.

Dogecoin 2025 Pattern Mirrors 2024 Rally

Master Ananda, another market watcher, has emphasized a cup-shaped price pattern forming again in 2025, similar to the one in late 2024. In the previous instance, DOGE formed a base near $0.07412, broke through resistance, hovered around $0.16 to $0.19, and then spiked to $0.48 in November.

This year’s formation appears stronger. After bottoming out around $0.13, the price has stabilized above $0.19, a higher low than last time. “This wave will be many times bigger than the previous one; we have a higher low,” said Ananda, underlining the growing strength in the current price action. He sees a breakout on the horizon that could take Dogecoin past its past high of $0.48.

Dogecoin 9
Source: Master Ananda

Supporting this view, recent network activity has spiked. On May 13, active DOGE addresses exploded from 74,640 to 469,477—a 528% jump. This activity hints at a swelling user base and renewed investor interest. The jump in usage came shortly before an ETF-related development that drew more attention to the token.

Dogecoin ETF Buzz Adds Fuel

On May 14, 21Shares confirmed an update to its application for a spot Dogecoin ETF on X, after receiving an acknowledgment from the U.S. Securities and Exchange Commission. The proposed ETF seeks to track Dogecoin’s price and follows similar filings from Bitwise and Grayscale, adding momentum to talks of wider institutional adoption.

At the same time, DOGE’s spot taker 90-day cumulative volume delta (CVD) continues to show more buying pressure than selling. Since early March, DOGE has been in a “taker buyer dominant” phase, meaning buyers are taking the lead in trading volume. This behavior echoes the pattern seen before the sharp rally last year.

Another bullish sign is the NUPL (net unrealized profit/loss) among long-term holders—those keeping DOGE for 155 days or more. This metric recently climbed past 0.5, a level that often reflects strong belief in a rising market. If the past is any guide, these signs suggest DOGE may be gearing up for another major move.

With multiple technical patterns pointing upward, a spike in network use, ETF developments, and stronger long-term confidence, Dogecoin could be preparing to break out of its range and attempt a run at $0.40 or beyond.

Read More | Binance Investor Shift: Why Retail is Rising as Whale Activity Declines

Dogecoin Eyes Breakout as Bull Flag Forms, Analyst Targets a $0.37 Surge

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  • Dogecoin is testing a Bull Flag pattern on the 4-hour chart, signaling potential upside.
  • A confirmed breakout above $0.247 might trigger a rally toward the $0.37 level.
  • Price range between $0.21 support and $0.36 resistance will likely shape upcoming movement.

Dogecoin’s recent climb has stirred up fresh optimism across the crypto market. Between May 7 and May 11, the token jumped from just under $0.17 to a peak slightly above $0.249. This move translated into a weekly gain of 37%. As of now, it is trading around $0.237, having gained 4.33% in the last 24 hours.

Analysts are closely watching Dogecoin’s chart, especially the bullish formation shaping up on the 4-hour timeframe. Crypto analyst Trader Tardigrade highlighted the “Bull Flag” pattern. It begins with a steep rally—what traders call a “Flag Pole”—rising from approximately $0.164 to $0.247. The price has since entered a narrow pullback zone marked by two falling lines, forming the flag part of the pattern.

Dogecoin 6
Source: Trader Tardigrade

“Dogecoin is attempting to break the Bull Flag pattern, setting a target at $0.37,” said Trader Tardigrade. This target is based on the measured move approach. It takes the height of the previous rise and adds it to the breakout point. If the pattern holds, it could rally over 50% from current levels.

Support and Resistance Zones Hold the Key

At the same time, Ali Martinez, another respected crypto analyst, pointed to two major levels that now act like bookends for Dogecoin’s next move. The token is caught between heavy resistance at $0.36 and solid support at $0.21. 

According to on-chain data, $0.36 is a critical zone, where 5.7 billion DOGE were last moved. This level may trigger heavy selling if tested again, making it more than just a resistance—it could be where many holders take profit.

The support at $0.21, however, appears strong. About 11.1 billion DOGE, which represents 7.5% of the token’s total supply, changed hands near this zone. This area is the most active trading range outside of the coin’s all-time high regions. If the price pulls back to this range, it will likely act as the first major support line.

DOGE 4
Source: Ali_Charts

The coin is now locked in a phase of sideways action. What happens next will be shaped by whether it breaks above or falls below this $0.21 to $0.36 range. Analysts say that how Dogecoin handles either edge of this range could set the tone for the coming weeks.

Traders Watch for Breakout or Breakdown

Eyes are currently on the $0.247 resistance level. If Dogecoin manages to push past it with strong trading volume, it would confirm the bullish pattern. A breakout past $0.36 would not just meet Tardigrade’s target—it would also mark the strongest upward signal since its last major surge.

If the opposite occurs, and Dogecoin slides below $0.21, the entire bullish setup could be called into question. That would likely lead to a reassessment of its near-term outlook.

With price action nearing critical thresholds, Dogecoin’s next move holds weight. Whether it climbs above or slips below will shape trader sentiment for some time. For now, the pattern looks promising, but the market awaits confirmation.

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