Dogecoin Skyrockets 7% Today – Experts Say a Mind-Blowing 12x Surge Could Be Coming Soon

Jakarta, Pintu News – The Dogecoin (DOGE) price is showing a healthy increase by rising 7% in the last 24 hours, after successfully bouncing off the crucial support level of $0.16.

Market analysts believe that this could be the start of a parabolic rally for DOGE, especially amid strong bullish sentiment in the futures market.

Dogecoin price rises 7.64% in 24 hours

On March 25, 2025, Dogecoin (DOGE) saw a solid 7.64% gain over a 24-hour period, climbing to $0.1854—or around IDR 3,085. During the day, DOGE traded between a low of IDR 2,866 and a high of IDR 3,132, marking a strong upward movement in its price.

At the time of writing, Dogecoin’s market cap stands at around $27.51 billion, with trading volume also rising 150% to $1.56 billion within 24 hours.

Read also: Ethereum Skyrockets Past $2,000 Today — Massive Whale Scoops Up 470,000 ETH in Just 7 Days!

Dogecoin Price Poised for a Big Move Amid Positive Sentiment?

Crypto analyst Ali Martinez highlights important developments on the 12-hour chart of Dogecoin (DOGE).

In his latest post on platform X, he states that the Bollinger Bands indicator on DOGE is starting to narrow. This is a classic signal that often signals a major price movement in the near future.

For a considerable period of time, the Dogecoin price has been moving in the range of $0.16 to $0.18. Therefore, if DOGE manages to break the upper limit of this range, buyers (bulls) will likely become active again, which could trigger a quick price spike towards $0.30 or more.

In addition, Ali Martinez also mentioned that 76.26% of traders who opened Dogecoin positions on Binance Futures showed optimistic (bullish) tendencies. This high confidence from traders could be an additional boost for the meme coin ahead of a potential breakout.

Is Dogecoin Poised for a 12-Fold Rise?

Amid the latest chart formations, market analysts have begun to express an optimistic view of the Dogecoin price, with some predicting a 12-fold surge – with projections that the DOGE price could reach $2.28.

Read also: ​Dogecoin Whales Accumulate 120 Million DOGE; is a Rally to $4.5 Imminent?

Tardigrade traders noted a bullish market shift in Dogecoin as the meme coin emerged from an ascending triangle pattern.

Currently, Dogecoin is showing a pattern of higher highs and higher lows, a transition from the previous pattern which was dominated by lower highs and lower lows.

Crypto analyst Javon Marks also expressed strong confidence in the current direction of DOGE’s movement, citing solid community support and increased utility.

According to Marks, Dogecoin is now entering its third major bull cycle, which opens up great opportunities for significant price appreciation.

Based on comparisons with previous market cycles, Marks said that DOGE has the potential to rise up to 1,160%, which means it could surpass the $2.28 mark. “We’re talking about a more than 12-fold surge,” he said.

Meanwhile, optimism about the potential of a Dogecoin ETF remains high, thanks to the improving regulatory environment. Major players such as Bitwise and Grayscale are reportedly still in the running for approval of this ETF.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinspeaker. Dogecoin Price News: Dogecoin Eyes Major Move as DOGE Positions Lead on Binance Futures. Accessed on March 25, 2025