Dogecoin Pops 2% Today, Analysts Say It Could Rocket 130% If Key Resistance Breaks!

Jakarta, Pintu News – The price of Dogecoin has again caught the attention of market participants after its latest spike. Although the crypto had been flat on the weekly chart, the recovery that took place over the weekend seems to have improved market sentiment.

Meanwhile, analysts also noted that Dogecoin is breaking thedescending trendline, which could be a signal for a stronger recovery ahead.

Simultaneously, one of the most prominent figures in the market stated that the price of DOGE has the potential to rise by about 130% if it manages to break through the key resistance level ahead.

Dogecoin Price Rises 2.49% in 24 Hours

On June 30, 2025, Dogecoin saw a 24-hour price increase of 2.49%, trading at $0.1675, which is equivalent to IDR 2,719. Throughout the day, DOGE fluctuated between a low of IDR 2,653 and a high of IDR 2,766.

At the time of writing, Dogecoin’s market cap stands at around $25.11 billion, with trading volume rising 65% to $634.96 million within 24 hours.

Read also: These 3 Memecoins Are Ready to Explode in July, According to Analysis!

Dogecoin Price & Performance at a Glance

Dogecoin price recorded an increase of about 1.5% and was trading at $0.1619 on June 28, 2025. However, the trading volume saw a drastic drop of 31% to $546.63 million, indicating lower trader participation.

Interestingly, the crypto briefly touched a high of $0.1634, while its daily low was recorded at $0.1575.

Despite recording a recent surge, Dogecoin remains moving close to the flat line on the weekly chart, and has fallen by around 30% over the past 30 days.

Meanwhile, Dogecoin’s Relative Strength Index(RSI) stands at 39. This indicates that the crypto asset is in neutral, which means there is still room for potential upside in the price of this prominent dog-themed meme coin.

However, it should be noted that the current surge comes amid an overall crypto market recovery. At the time of writing, the global crypto market capitalization rose 0.8% to $3.29 trillion.

In addition, most of the top meme coins are also trading in the green, signaling renewed confidence from market participants.

DOGE Price Technical Indicators Signal Further Upside Potential

Dogecoin’s recent price surge to the $0.162 level has sparked optimism among analysts. Additionally, analysts note that technical indicators point to further upside potential.

For context, in a recent post on X, Tardigrade Trader analysts highlighted the occurrence of a bullish MACD cross on the daily chart. This is a potential buy signal, which could push prices up in the near term.

Read also: Ethereum Holds Strong at $2,400 — Whale Activity Spikes Ahead of Potential Breakout!

Additionally, in a separate post, he also highlighted DOGE’s price recovery above $0.16 as well as an attempt to break the descending trendline. If this trendline breakout attempt is successful, it could trigger a major spike.

In other words, breaking this trendline would likely open up new upside potential for the token. Given these technical indicators, the Dogecoin price seems to be in a position to register significant gains in the near future.

Could Dogecoin Rise 130%?

Amidst bullish technical indicators and the current market recovery, a renowned market expert shared an important insight into the potential future price movement of this meme coin.

For context, in a recent post on X, analyst Jonathan Carter shared a DOGE price chart and said:

“Dogecoin is bouncing off the lower limit of support in a descending triangle pattern on the daily timeframe.”

Based on the price chart, the lower limit of DOGE support is at $0.1618. In addition, Carter stated that if the Dogecoin price manages to break the $0.17 resistance level, then DOGE has the potential to continue its upward trend.

Meanwhile, the analyst set the next price targets for the meme coin at $0.20, $0.26, $0.31, and $0.39. In other words, DOGE has the potential to rise up to 130% to the $0.39 level if it is able to cross the $0.17 resistance in the near future.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinRepublic. Dogecoin Price Eyes 130% Breakout If DOGE Breaks This Resistance. Accessed on June 30, 2025