Dogecoin (DOGE) is showing signs of life again. It’s currently trading at $0.1724, up by 1.65%, even as its 24-hour volume slipped to $868.4M, an 11.28% drop. Over the last week, DOGE has nudged upward 6.66%, maintaining a near-flat pace. Traders are watching closely. Why? Because the price recently broke above a descending channel—a possible signal of a short-term reversal.
Crypto analyst CoinCodeCap rates this setup “high risk, high reward.” DOGE penetrated $0.17. Analysts target $0.20 for their next significant resistance. That’s a potential +15% rise. But anxiety is the status quo. A suggested stop-loss at $0.155 indicates anxiety. DOGE remains stuck in a broader downtrend, long-term and medium-term directions continue downwards.
Momentum Indicators Send Mixed Signals
There are also conflicting messages in indicators. RSI shows a neutral trend, and MACD shows a slight comeback. This isn’t necessarily saying that the market will totally rebound, but that there will just be a small amount of strength. CoinCodeCap believes that this could just be a temporary switch, not a long-term trend. Key levels that should be examined are support at $0.15 and $0.14, but resistance at $0.20 and $0.25. If it moves unequivocally above $0.20, that could switch the direction, but that hasn’t happened yet.
Traders should be careful with how much they invest. Dogecoin (DOGE) is still extremely volatile and will flip directions on a dime. It’s uncertain on a short-term scale, but long-term potential is not very encouraging. Prices right now are likely just coincidence, or there are signs of more. Either way, it’s still a high-risk investment.
DOGE Price Forecasts Show Mixed Signals
Long-term forecasts give different indications. Per DigitalCoinPrice, DOGE will spike above $0.38 later this year. Bears expect it to reach and possibly exceed all-time high $0.74. Their argument believes retail sentiment and meme power will lead to a renewed surge. But that argument is based on sentimental, not fundamentals. Still, there are investors who feel there’s potential, at least if sentiment in all of crypto reverses.
Changelly’s 2025 prediction, on the other hand, is more realistic. It pegs DOGE’s average price per trade at $0.215, peaks at around $0.196, and bottoms at $0.176. Estimates for July 2025 are in the vicinity of $0.179, which represents a 61.5% ROI. That’s good news, but only if DOGE resists its breakout and does not fall back down below $0.155.
