Key Takeaways:
- Dogecoin surges over 26% weekly, backed by a strong bullish chart formation.
- Trading volume crosses $6.2B, suggesting sustained investor interest and momentum.
- Analysts project a DOGE Wave (3) target between $2.3 and $3.2 via Elliott Wave analysis.
Dogecoin (DOGE), the internet’s favorite meme coin that has evolved into a serious digital currency, is attracting new investor interest amid an impressive bullish surge.
Currently, at the time of writing, the price of DOGE is at $0.2542, reflecting an increase of 5.52% over the last 24-hour period. In the previous seven-day period, the coin has experienced a strong increase of 26.22% within the market space.
With the trading volume increasing to $6.23 billion and market capitalization reaching $38.13 billion, the gains are not just mere technical achievements but could be the harbinger for bigger movements, suggests expert research.
Dogecoin’s Technical Shift: From Consolidation to Breakout
Recent price action suggests that DOGE was ranging in an identified zone, with lateral movement and minor pullbacks. This was likely accumulation in disguise because the price, not long thereafter, started making higher lows and higher highs, a quintessential bullish pattern.
The breakout above the main resistance zone at $0.22 was led by a massive increase in volume, an excellent symptom of buyer enthusiasm. The price has continued making successive breaks higher, ranging in the $0.24–$0.25 zone, making the bull case even stronger.
The market sentiment is strongly tilted in favor of buyers, and the increasing volume confirms the durability of this shift. A shift in structure suggests an ongoing move is probable and might mark the beginning of a new leg in the longer-term uptrend.
Also Read: Dogecoin Eyes $5 After Explosive Breakout and Surging Market Interest
Long-Term Wave Forecast: DOGE Eyes $3.2
Crypto analyst @EWcycles put together an Elliott Wave perspective for the longer term for DOGE/USD, and the argument for the token for the rest of 2025 is convincing.
From this perspective, Dogecoin remains within the first wave of Wave (3), an impulse wave that is most likely to give the greatest returns within an Elliott Wave framework.
This chart has price data between 2013 and the end of 2025 with a predicted increase toward the $2.3 to $3.2 range during the progress of Wave (3).
This bullish wave is underpinned by a breakout through a long-standing megaphone pattern, formulated by overlaid diagonal trendlines.
Top points such as 2017 and 2021 are noted together with the higher low points experienced in June 2025, making a foundation for a colossal rally in the future.
This technical structure is commensurate with growing optimism within the larger crypto space, and DOGE, as a de facto bellwether for the sentiment of the retail investor base, might spearhead a new wave of gains for altcoins. This price action seems to expect growth well beyond Q3 and into the future.
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