Dogecoin Trades Around $0.14 — Could DOGE Still Surge Toward $1.88?

Jakarta, Pintu News – The Dogecoin (DOGE) price experienced considerable selling pressure this week after dropping around 7% in the last seven days. However, market watchers state that the overall market structure remains strong. Their latest analysis shows that the key level is at $0.50.

They argue that Dogecoin needs to break that level decisively to pave the way towards its $1.88 price target. So, how will Dogecoin’s price move today?

Dogecoin Price Rises 0.47% in 24 Hours

On December 8, 2025, Dogecoin saw a modest 24-hour increase of 0.47%, trading at $0.1404 — approximately IDR 2,347. Over the past day, DOGE fluctuated between IDR 2,256 and IDR 2,383.

At the time of writing, Dogecoin’s market capitalization is estimated at around IDR 377.77 trillion, with a 24-hour trading volume of approximately IDR 19.07 trillion.

Read also: Ethereum Holds Steady at $3,100 as Exchange Balances Drop 43% — What’s Behind the Decline?

DOGE Needs to Break Above $0.50 to Reach $1.88

Dogecoin price still maintains a strong long-term structure. On the 3-weekly chart, the price movement of DOGE formed a large triangle pattern since the 2021 peak.

The upper trendline continues to be the limit of every rally, while the rising lower trendline provides support whenever there is a big drop. Currently, DOGE is again just above that support line.

As highlighted by Altcoin Piooners, this formation is also in line with the Cup and Handle technical pattern that formed over the past few years. The “cup” part has already finished forming.

The current “handle” section is still forming through a mild decline. The recent price drop this week has not changed the big picture. The chart still shows quiet consolidation, declining trading volume, and momentum that is resetting.

The RSI (Relative Strength Index) in higher time frames has returned to the 50 level – the same level before the big rally in 2021. The MACD indicator is also close to showing bullish signals, both on the weekly and monthly charts. This often marks the beginning of a new trend.

An important level to watch is in the $0.48-$0.50 range. This level has been tested several times. If DOGE manages to break it convincingly, the Cup and Handle pattern will be confirmed, and the price of DOGE could potentially go up to $1.88.

If the breakout holds, the next targets are quite clear. The initial target is in the range of $0.72 to $0.88, which corresponds to the measured movement as well as the highest level of DOGE in 2021.

After that, the chart shows a potential mid-cycle move to the $1.80 to $2.20 range. And if momentum really picks up, DOGE’s long-term structure opens up the opportunity for a “mania” phase that could push prices up to $4 to over $6.

Dogecoin Poised for Bullish Movement Amid Inverse Head & Shoulders Pattern

A well-known trader, TAtrader Alan, noted that Dogecoin may be preparing for a bullish move. His 4-hour chart shows an inverse head and shoulders pattern, which is often considered a signal of a trend reversal to the upside.

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The shape of this pattern gives strength to potential price movements. Market watchers say that Dogecoin now needs to break a major resistance level for the uptrend to be confirmed.

If the price manages to move clearly past that point, it will usually be followed by a stronger rally. For now, the price of DOGE is still moving steadily. However, if DOGE manages to break the barrier, the chart suggests that a significant upward movement could follow.

Argentina Approves Tax Payment in Dogecoin

Dogecoin adoption is also growing in the real world. In Argentina, authorities are now allowing citizens to pay some taxes using DOGE. Meanwhile, airline company Alternative Airlines has also started accepting Dogecoin as a payment method for booking airline tickets.

Observers see these steps as steady progress in Dogecoin’s quest to become a more widespread everyday payment tool.

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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:

• CryptoRank. Dogecoin Price Prediction: DOGE Must Break Above $0.50 To Reach $1.88. Accessed on December 8, 2025