Dogecoin (DOGE) is currently trading at $0.1690 this value shows a minor uprise of 0.99%. However, as the price keeps ticking up, its trading volume has dropped to $677.92M in the last one day and over 34% decrease seen in it.
In just seven days DOGE declined almost by ten percent which caught many people’s attention among the cryptocurrency community. But some analysts say that even though there was a decline something big could still come out of it.
Crypto analyst Ali highlights a symmetrical triangle pattern that could be key. This triangle, formed by converging trend lines, is squeezing tighter. The price is boxed between $0.16 and $0.22. Once it breaks either side, the move could be explosive. All eyes are now on daily closes outside this range.
Momentum and sentiment could drive the next move
The triangle pattern on DOGE’s chart has been in the making since early 2024. As the highs get lower and the lows push higher, pressure builds like steam in a kettle. Traders see this setup as a classic pre-breakout sign. The current tight range suggests a storm is coming.
Support and resistance levels remain clear: $0.16 below and $0.22 above. A move past $0.22 may drive the price up 60%, toward $0.35 or higher. Falling below $0.16, though, could drag DOGE back toward $0.10. No volume indicators are shown, but momentum and sentiment could take the wheel.
Dogecoin price in 2025 could dip to 16 cents
DigitalCoinPrice is hopeful about DOGE. They think it could rise to $0.37, and maybe even reach its old high of $0.74 again. Supporters of this view believe DOGE will bounce back from its current low price and slowly go up by the end of the year. The first goal seems to be getting past $0.34.
Changelly keeps its outlook modest. Their 2025 forecast suggests a range of $0.189 to $0.203, with an average around $0.217. For June, the projection stands at $0.172, with a possible dip to $0.162. While the return may still be positive, they hint at slower growth than others expect.
