TLDR
- Dogecoin gained 2.74% in 24 hours, reaching $0.2062 with trading volume up 107.09% to $2.53 billion
- DOGE is approaching key resistance at $0.21329, with breakout targets at $0.34177 and $0.48642
- A double bottom pattern suggests a potential move toward $0.33 if price breaks above neckline resistance at $0.24
- Technical analysts see parallels to October 2024 patterns that preceded previous rally
- Some analysts project targets as high as $1.168, representing a potential 591% gain from current prices
Dogecoin has recorded a 2.74% price increase over the past 24 hours, reaching $0.2062 as trading volume surged by 107.09% to $2.53 billion. Market analysts are closely watching several technical patterns that could signal a major breakout for the popular meme cryptocurrency.
According to data from CoinMarketCap, DOGE opened the Asian trading session at $0.201 before steadily climbing throughout the day. The market cap rose to $30.96 billion, marking a 2.76% increase during the same period.
Price momentum shifted notably during the day, pushing DOGE above $0.210 at its intraday peak. After a brief retracement, the price has stabilized between $0.205 and $0.207.
On the weekly chart, Dogecoin has gained 3.77%, closing at $0.20603. The cryptocurrency is now approaching a key resistance level near $0.21329. This area is considered critical by market watchers, as a weekly candle close above this level could confirm a breakout.
If DOGE successfully moves beyond this range, technical analysts expect the next resistance zones to be around $0.34177 and $0.48642. Recent price action has broken above a descending trendline, which many interpret as a structural change in market direction.
Technical Patterns Emerge
A double bottom pattern has formed on Dogecoin’s chart with support holding around $0.14. The cryptocurrency is now approaching neckline resistance at $0.24, and a breakout from this structure could trigger a measured move toward $0.33.
Many of you are asking about the future of #Dogecoin as #Bitcoin continues to hit new ATHs!
The first target is the neckline at $0,24. If we break through it, then we might shoot straight up to $0,33šÆ
Posted in collab with the CoinEx Creator Program. @coinexcreators#CEXā¦ pic.twitter.com/2j2C2VnsLl
— Hailey LUNC ā³ļø (@TheMoonHailey) July 14, 2025
This potential surge would represent a 78.84% upside from the neckline zone. The price has already gained momentum following the recent consolidation period.
Popular analyst Master Ananda noted on TradingView that Dogecoin is flashing strong technical signals that closely resemble its last major breakout. After a long bear market following its 2021 all-time high, DOGE showed early signs of recovery in 2024, with real momentum arriving late that year.
Ananda believes a similar setup has been forming again since mid-2025. Despite facing over eight weeks of bearish pressure between May and June, Dogecoin held a critical mid-term higher low, suggesting strength through accumulation.
Long-Term Projections
With three consecutive green weekly candles and this week’s full-bodied breakout candle, some analysts believe a major move could be imminent. If patterns repeat, Fibonacci extension targets place DOGE as high as $1.168, a potential 591% gain from current prices.
The next bullish wave for Dogecoin may already be in motion, with recent price action confirming a bullish continuation from a four-year cup-and-handle formation. This week’s surge follows an extended confluence zone that’s been building since the mid-April market bottom.
Momentum indicators support this outlook. The weekly Relative Strength Index (RSI) has surpassed the signal line for the first time since early May as buyers step back in.
Meanwhile, the Moving Average Convergence Divergence (MACD) line has broken out in a golden crossāthis time with a widening lead that suggests a sustained uptrend, unlike the brief crossover seen in May.
If these patterns hold, some technical projections point to a target of $0.75, a potential 345% move in line with the 1.618 Fibonacci extension. Master Ananda’s $1.168 target remains in play, bolstered by advancing U.S. regulatory clarity and growing institutional interest in crypto markets.
The market appears to be pricing in the U.S. Clarity Act, a market structure bill defining SEC vs CFTC rolesāa point of interest for Dogecoin specifically, with multiple spot ETFs pending approval.
Dogecoin started its 24-hour trend at $0.2008 and dipped below this level overnight before rebounding. The current price now trades near the mid-range of historical activity between $0.182 and $0.482.
