Analyst’s Shocking Prediction: Dogecoin (DOGE) Has the Potential to Jump 174% to $0.65!

Jakarta, Pintu News – This week, the price of Dogecoin (DOGE) has decreased after several weeks of strong performance. From a price of $0.25, Dogecoin (DOGE) dropped to around $0.21.

Although it briefly climbed back above $0.23 in mid-May, the gains were short-lived. Currently, Dogecoin (DOGE) is hovering around $0.21, marking a weekly decline of 10%. Investors remain optimistic, expecting long-term signals indicating a new uptrend.

Bullish Analysis from the Experts

Javon Marks, a leading analyst, observed that a key trendline has been breached at the end of 2023, which was previously the upper limit for Dogecoin (DOGE) since its peak at $0.70. According to Marks, this breach paves the way for the formation of a higher top and bottom.

With the latest bottom holding near $0.15, Marks still maintains his target at $0.65, which translates to a potential upside of 200% from $0.21. He also alludes to the possibility of reaching $0.74 and $1.25 as the next milestones.

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Barriers at the Resistance Level

Ali Martinez, market watcher, reports that the $0.25-$0.26 range is a major hurdle. This zone previously served as support in December 2024, but turned into resistance in early 2025.

Since then, Dogecoin (DOGE) has made several attempts to break the limit but failed. In February, the price briefly reached $0.28 before dropping back below $0.15. A rally in March managed to cross $0.19, but was unable to hold on.

On-Chain Activity Increases Sharply

Recent data shows a significant spike in wallet activity. The number of new addresses increased by more than 100% in the last seven days. Active addresses also rose by 110%. In fact, addresses with zero balance increased by 155%, which often indicates new participation or address purging. While an increase in on-chain numbers does not necessarily mean an increase in price, it does indicate that more users are returning to making transactions.

Conclusion

Although the long-term target for Dogecoin (DOGE) sounds promising, achieving it won’t be easy. To reach $0.6533 or above, Dogecoin (DOGE) must first stabilize above $0.26, then break $0.28 with strong volume support. Large price fluctuations could make some shareholders choose to take profits.

While technical analysis is favorable, external events such as buzz on social media or listing on a new exchange may be required to push Dogecoin (DOGE) past $0.30. In the short term, traders will be watching to see if Dogecoin (DOGE) can reclaim $0.25 and hold it for a few days.

Also Read: SEC and Crypto Regulation: Between Stability and Innovation

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Analyst Drops Dogecoin Bombshell, 174% Surge to $0.65 in Sight. Accessed on May 20, 2025
• Featured Image: Generated by AI