Dogecoin Price Prediction: Analyst Says This Is the Perfect Entry Point – Is DOGE Primed for a Massive Rally?

Dogecoin's price action has traders buzzing—again. A prominent crypto analyst just flagged this dip as 'the ideal entry' before what could be a parabolic move. But is this another pump-and-dump setup dressed in memecoins, or does DOGE actually have legs?

Key signals to watch: The 200-day moving average held firm last week, and whale wallets are accumulating. Meanwhile, retail FOMO hasn't spiked yet—historically the trigger for DOGE's most violent rallies.

Cynical take: If past cycles repeat, the 'perfect entry' call means analysts already bought their bags and need greater fools to bid. Either way, buckle up—this dog might hunt or faceplant spectacularly.

Is Dogecoin Ready for A Reversal?

In response to previous post shared on X, Cantonese Cat added that DOGE displays “great risk-reward here and that I’ll do what I can to buy.“

I bought a little bit more $DOGE and #Fartcoin last night, but you pretty much knew that I think it's great risk-reward here and that I'll do what I can to buy anyway. https://t.co/ccUByCNFnh

The post in question noted how the dogecoin price had broken the ”bear market trendline” that has held it in downtrend since late July, now retesting a ”bull market” support band.

Coinglass derivatives data shows speculative demand picking up again, with Open Interest up 2.43% today to $3.15 billion, traders are actively following price moves.

Exchange data shows these traders are positioning for a bullish continuation, with a Binance Long/Short Ratio of 2.98, 75% of traders positioning long.

Dogecoin Price Analysis: Is the Bull Market Ready to Continue?

The breakout from the “bear market trendline” noted by Cantonese Cat feeds into a broader falling wedge pattern, acting as the upper boundary to its consolidation.

A successful back-test of this trendline has now confirmed it as support, marking a higher low and validating the wedge breakout structure.

Momentum indicators are flashing green. The RSI is now back above the neutral line at 52 after briefly dipping, a sign that buyers are in control.

The MACD line tells a similar story, maintaining its lead on the signal line despite a slight hiccup, signalling a strong short-term uptrend taking root.

If this momentum holds, the wedge breakout targets past resistance at $0.25 for a potential 25% gain.

Should this level flip to support, the rally may extend toward the mid-July high at $0.2875 in a 38% gain, clearing a path for a continuation of the bull run.

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Dogecoin could be on the cusp of another bull run, but the market hasn’t fully priced in the impact of reciprocal tariffs following the U.S. duty hike set for August 7—HODLing here is still a high-risk bet.

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