Dogecoin Rises 2% as Analysts Highlight ‘Golden Reload’ Zone Boosting Bullish Outlook

Jakarta, Pintu News – On August 6, Dogecoin (DOGE) recorded a decline of 4.46%. Daily trading volume also fell to $1.66 billion, a 4.74% decline.

This price drop comes amid a broader shift in market focus, where many investors are starting to look at other alternative assets. Nevertheless, some market analysts remain optimistic.

They think Dogecoin still has structural strength and significant upside potential in the long term, despite the current pressure.

Then, how is the current Dogecoin price movement?

Dogecoin Price Rises 2.79% in 24 Hours

On August 7, 2025, Dogecoin saw a 2.79% gain over the past 24 hours, trading at $0.2038 — approximately IDR 3,319. During the day, DOGE reached a low of IDR 3,205 and climbed to a high of IDR 3,389.

At the time of writing, Dogecoin’s market cap stands at around $30.67 billion, with trading volume dropping 17% to $1.29 billion within 24 hours.

Read also: Ethereum Edges Up to $3,600 — But Why Are the Big Players Pulling Back?

“Golden Reload” Zone Strengthens DOGE’s Bullish Signal

Renowned crypto analyst, Marcus Corvinus, highlighted the technical configuration of Dogecoin (DOGE) which he says is now a “silent killer” amid the current market conditions.

Corvinus believes that DOGE’s current price is still far below its fair value when compared to its peak in December 2024 and its record high (ATH) of $0.74.

He explains that the recent price drop opens up opportunities for a longer-term bullish movement. One of the strongest indicators is the formation of a rising channel pattern – a technical formation often associated with healthy and controlled growth.

The current price structure showing a “higher high” and “higher low” pattern reinforces the bullish market indication. In addition, DOGE’s latest “higher low” is in the 0.618 to 0.786 Fibonacci retracement area-a zone that many professionals refer to as the “golden reload zone”.

DOGE is expected to face strong resistance at $0.70. But if the current trend continues, Corvinus estimates a potential upside of up to 240%. “It’s still early days for DOGE,” he said, “it hasn’t even started barking yet.”

Read also: Bitcoin Hits $114K — Is a Drop to $95K Next, or Will It Rally to $119K?

Dogecoin 2025 Outlook: Promising Signs of Recovery

If we look at long-term trends instead of getting caught up in short-term volatility, various prediction platforms project that Dogecoin (DOGE) will experience a significant recovery towards the end of 2025.

According to predictions from DigitalCoinPrice, the price of DOGE is expected to break the $0.44 level by the end of the year, with the potential to hit another All-Time High of $0.74. This projection is based on investor expectations, historical performance, and the current technical configuration.

Changelly, on the other hand, gave a slightly more conservative prediction. Its analysts expect DOGE to move in the range of $0.186 to $0.225, with an average annual price of around $0.263.

For August 2025, the price of DOGE is expected to be in the range of $0.194 to $0.263.

Based on available estimates, DOGE’s potential returns range from 83.5% to 114.5%, depending on future market movements.

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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 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:

• TronWeekly. Dogecoin 2025 Price Outlook: Will DOGE Break Past $0.74 Again? Accessed on August 7, 2025