Dogecoin Dips Slightly Today, But Analysts Say a Massive 218% Surge Could Be Coming Soon!

Jakarta, Pintu News – According to an analyst who highlighted positive developments on the weekly chart, Dogecoin (DOGE) could rise another 218% from its current price.

Dogecoin has recently shown strong upward momentum, and positive expectations are starting to emerge. The leading meme coin surged 38% last week, recording its fourth consecutive weekly gain, with total growth reaching 77% over the period.

Dogecoin Price Drops 0.32% within 24 Hours

On July 23, 2025, Dogecoin saw a modest dip of 0.32% over the past 24 hours, trading at $0.2673, or approximately IDR 4,330. During the day, DOGE touched a low of IDR 4,197 and peaked at IDR 4,416.

At the time of writing, Dogecoin’s market cap stands at around $39.94 billion, with trading volume dropping 32% to $3.98 billion within 24 hours.

Read also: Ethereum Holds Strong at $3,700 — Is a Breakout to $4,000 Just Around the Corner?

Dogecoin Breaks Major Resistance Trendline

Leading analyst “MangoMan4” revealed in a recent analysis on TradingView that Dogecoin is forming a bullish structure on the weekly time frame.

This came after the DOGE managed to break through the downward resistance trend line that had been in place for several months, which originated from the rejection of the high in February.

Previous attempts to break through this resistance in May failed, as the selling pressure was too strong. This is evident from the three consecutive weeks in which the Dogecoin price rose to the resistance line, but was always followed by a sharp price rejection.

Eventually, DOGE managed to break the trend line and even surpassed the important resistance zone in the range of $0.20 to $0.22.

Following this breakout, the analyst predicts a pattern of higher highs and higher lows, driven by the momentum created by the price pressure over the past few months.

Key Levels to Support Dogecoin’s Continued Rally

Despite Dogecoin’s slight decline this week, the analyst still expects the price to rise again. He shares his medium- and long-term targets for Dogecoin, as well as the crucial support levels that DOGE needs to maintain for the uptrend to take hold.

Read also: Dogecoin Price Prediction: DOGE Breaks Cup & Handle Pattern – Ready to Rocket up to 165%?

For context, he identified the price area between $0.48 to $0.52 as the next resistance zone that Dogecoin will target. Interestingly, the lower target ($0.48) was last reached at the peak of December 2024, while the upper target ($0.52) comes from the peak in May 2021.

For the long-term projection, the analyst forecasts a price surge of 180% to 218%, with a target between $0.75 and $0.85. This suggests the possibility that DOGE will retest its record high price of $0.748, potentially even setting a new record.

However, this parabolic price expansion is highly dependent on Dogecoin’s price movement around the $0.20 support level. The market watcher notes that as long as this horizontal support holds and Bitcoin price remains stable, DOGE has a good chance of continuing its strong bullish trend.

Meanwhile, for some analysts, the $0.85 price is just the beginning. Trader Tardigrade predicts a price surge to $1.46 and even $4, while CryptoELITES believes the ideal target for market enthusiasts is $5.

That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today‘ s solana price, pepe coin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*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:

• Crypto Basic. Expert Projects Dogecoin Path for a 218% Rally to $0.85. Accessed on July 23, 2025