Dogecoin Sees Modest Uptick Today — But Analysts Say a 200% Surge Could Be Just Around the Corner!

Jakarta, Pintu News – A TradingView analysis has identified a clear price increase pattern on the Dogecoin chart, indicating a 200% chance of an increase.

Analyst SwallowAcademy shared Dogecoin’s bullish setup in his commentary on July 2, as this prominent meme coin shows strong upward momentum. DOGE seemed poised to leave behind the 14% correction that occurred in the previous month, and join the overall market recovery.

Then, how is the current Dogecoin price movement?

Dogecoin Price Rises 0.91% in 24 hours

On July 4, 2025, Dogecoin saw a 0.91% gain over the past 24 hours, trading at $0.1708 — approximately IDR 2,766. During the day, DOGE dipped to a low of IDR 2,729 and reached a high of IDR 2,837.

At the time of writing, Dogecoin’s market cap stands at around $25.61 billion, with trading volume rising 1.64% to $1.23 billion within 24 hours.

Read also: Ethereum Stuck at $2,500 Today — Is a Massive Breakout Just Around the Corner?

Dogecoin in an Ideal Position

SwallowAcademy crypto analysts stated that DOGE seems ready to leave behind the 14% correction that occurred in the previous month, and join the overall market recovery.

The commentary highlights technical indicators that suggest Dogecoin is in a favorable position for those looking to accumulate the asset at a low price.

Furthermore, the analyst emphasized that DOGE is in a “sweet spot” and predicted that a significant price increase is on the horizon.

Meanwhile, market watchers shared the clear trend that Dogecoin has been following since 2024, which supports this potential price spike. The accompanying chart shows a series of upward price pushes, retests at their lows, followed by a breakout against previous highs.

To further illustrate, the chart shows that Dogecoin experienced a major price rally from February 28, 2024 to March 28 of the same year, rising from $0.085 to $0.229.

After this increase, DOGE entered a consolidation phase, where the price again tested the low and touched $0.080 on August 5, 2024.

However, after that period of consolidation, Dogecoin experienced another surge in price and started pushing to break its previous high in early November.

This momentum continued until DOGE reached a multi-year high of $0.4846 on December 8, 2024.

Read also: Bitcoin Holds Strong at $109K — Top Analyst Peter Brandt Predicts Massive Surge to $140K Soon!

200% Surge Opportunity Open

Dogecoin maintained its bullish pattern by making a healthy correction back to the November low, where the previous rally restarted. The meme coin corrected by 73% from its December high to a low of $0.1298 on April 7, which analysts believe is the bottom.

Having found support around the current price, commentary on TradingView predicts a quick move to retest the previous high and possibly break through resistance towards much higher prices.

From the price of $0.1612 when the analysis was conducted, he predicted a 200% surge towards the December high of $0.4846.

Meanwhile, DOGE has risen slightly from that level and is trading at $0.1742 as of this writing. This translates to an uptrend of 178% from the current market price towards that target.

However, SwallowAcademy emphasized that Dogecoin must be able to hold at the crucial $0.14 support level for the price impulse to stay alive. He emphasized that as long as DOGE stays above this price level, positive movement can still be expected.

Interestingly, if this pattern repeats completely, the $0.4846 target could be just the beginning, as in the previous pattern Dogecoin managed to break the previous high.

Some other analysts even predict a surge that could surpass the current all-time high and reach $0.80, while others suggest that a $1 target is on the way for DOGE.

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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:

• Crypto Basic. Here’s the Ideal Dogecoin Buying Opportunity for a 200% Rally: Top Analyst. Accessed on July 4, 2025