DOGE ( DOGE ) price prediction: reclaiming the key level of $0.3, the next target is $0.65

DOGE has made a strong rebound in the past week, successfully reclaiming the key level of 0.3 USD. This rise has been accompanied by a significant surge in volume and large-scale accumulation by Whale addresses. Although the launch of the first DOGE Spot ETF has been delayed, the market remains bullish, with several analysts setting price targets of 0.65 USD or even higher.

Recapture key levels, market sentiment is bullish

According to seasoned trader Peter Brandt's analysis, the price of DOGE has returned above $0.3, a key level that has attracted attention this week. Data shows that DOGE rose 11% in a single trade, reaching a new high in months and regaining market interest.

Despite the postponement of the launch of the first planned DOGE Spot ETF, the price of Dogecoin continues to rebound. Bloomberg analysts Eric Balchunas and James Seyffart stated that the launch date for the REX-Osprey fund has been delayed until next week. This ETF will allow institutional investors to gain exposure to Dogecoin without having to directly custody all assets.

multiple signals support bullish momentum

Multiple market and technical indicators contribute to the bullish outlook for DOGE.

  • Whale accumulation and volume surge: Reports indicate that at the current price level, there is significant buying activity from "whales" (large holders). The 24-hour trading volume of DOGE has exceeded $5 billion, indicating that a large amount of capital is flowing into the market, providing strong support for the price.
  • Technical Signal: The monthly Relative Strength Index (RSI) of DOGE has recently shown a positive crossover, which is viewed as a bullish technical signal by many traders. The price action indicates that in the past six trading days, five have been pumps, and a tight range has formed between the 200-day Exponential Moving Average (EMA) and the $0.26 resistance zone, all signs of increasing buying pressure.

Price Outlook and Analyst Targets

Analysts have set a series of bullish targets for DOGE. The breakout target set by Javon Marks is $0.6533, which would be over 100% higher than the current price and close to the historical high of $0.73.

In the short term, traders are focused on the resistance level of $0.26. If it can break through cleanly, the next target will be $0.45. Some analysts even believe that if the buying momentum continues, the price could further surge towards $0.80.

Conclusion

The price of DOGE has returned to the $0.3 level, marking its escape from recent weakness and signaling new upward potential. Positive signals such as whale accumulation, soaring trading volume, and monthly RSI crossovers collectively reinforce the bullish argument. Although the delay in the ETF listing brings some uncertainty, the ongoing rise indicates that market buyers have already begun positioning themselves before the official listing. As Peter Brandt stated, this breakthrough is "huge," which is why traders are closely watching the monthly closing price and hoping that DOGE can move towards the $0.65 target or even higher.

DOGE-9.26%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)