Dogecoin Primed for 214.6% Surge as Analysts Declare: ’Bulls Take the Wheel’

Meme coin season isn't dead—it's loading up for another moonshot. Analysts are flipping bullish on Dogecoin as technicals hint at a potential 214.6% price explosion.

The pattern recognition

Chartists spot a textbook bullish reversal forming—the kind that made early DOGE investors into overnight 'geniuses.' When the 50-day crosses the 200-day MA, even Wall Street interns start paying attention.

The liquidity factor

With Bitcoin dominance wavering, altcoins are sucking up speculative capital like a vacuum. DOGE's high-liquidity pairs make it the perfect vehicle for quick trades—and quicker pump narratives.

The cynical kicker

Of course, this could just be another 'buy the rumor' play before the next round of bagholders learn about resistance levels the hard way. But hey—those Lamborghini leases aren't going to pay themselves.

Dogecoin Price PredictionDogecoin Price Prediction Notably, historical data from 2024 also reflects similar behavior. A descending trendline formed after dogecoin surged to $0.2286 in late March 2024. The trendline rejected upward movement several times, including on July 22 at $0.141 and July 29 at $0.135. A breakout in late 2024, following a visible accumulation, sent prices as high as $0.48 by December 2. Following that high, a new falling trendline emerged. The price touched $0.435 on Jan. 13, 2025, before declining to $0.128 by April 7, 2025. After rebounding again, Dogecoin faced another rejection near $0.254 on May 19, 2025. The asset has since entered a new accumulation zone, indicating a possible attempt at another breakout. Upside Potential Cited by TradingView Analyst Setupsfx has emphasized that Dogecoin is now trading at a key buying level. However, the analyst noted the need for confirmation before any trading decision. The current phase may take some time to mature, as it is currently in a state of accumulation. According to the analysis, price movement into a distribution phase would offer stronger directional signals. Based on the chart setup, Setupsfx projects that a successful swing trade from the current price of $0.1653 could yield gains up to 214.6%. If that occurs, Dogecoin could reach a potential target near $0.52, a new yearly peak. However, risk parameters remain necessary, given the structure has not yet fully confirmed a bullish breakout. Key Metrics Indicate Network Growth  On-chain data from IntoTheBlock confirms the thesis of ongoing accumulation. Over a 7-day period, new addresses rose by 102.40%, while active addresses increased by 111.32%. 

Dogecoin Daily Active AddressesDogecoin Daily Active Addresses Zero balance addresses—often indicating prior holders returning—grew by 155.45%. These metrics suggest rising interest and user participation, both critical elements for sustaining accumulation phases in crypto markets. Higher-Low Structure Signals Possible Continuation Meanwhile, an additional analysis came from Twitter users WIZZ and Chris also pointed to looming bullishness. Chris, in a June 24 tweet, mentioned Dogecoin's bounce from a multi-year support trendline on the weekly chart. He noted the move maintained the coin’s higher-low structure, established after October 2023. This structure previously triggered a shift into an ascending channel.  Chris indicated that, if the structure holds, Dogecoin may continue toward the top of the wedge. His chart projected a potential move to $1, or even as high as $1.40.