Technical Analysts Highlight Dogecoin Price Rally Potential, Here is the Target

An expert crypto trader forecasts that Dogecoin (DOGE) will rally to $0.34 in June 2025. His bullish outlook aligns with on-chain data from Santiment after social volumes increased by 12% within 24 hours despite a negative outlook across the broader crypto market.

DOGE trades at $0.18 with a 9% intraday loss. The ongoing decline in Dogecoin price coincides with Bitcoin shedding its gains, as most crypto tokens edged lower on Saturday.

Expert Predicts 60% Dogecoin Price

According to analyst Olivier Maximus on X, the price of Dogecoin may reach $0.34 in June if it meets certain conditions. In his analysis, Maximus stated that DOGE will have to make a downsizing first before it can rally higher and attain this price target in the coming weeks.

The swing low will push Dogecoin price to the lower support level of a descending parallel channel, per the analyst. Once it tests this support, Maximus expects the price to bounce to resistance at the upper boundary channel before a 2x rally from the current price ensues to $0.34.

This analysis mirrors that of Tardigrade, which gave an even more bullish outlook, suggesting that Dogecoin price may not only reach $0.34 but also surge past $3. He based this outlook on the ascending broadening wedge pattern, after DOGE bounced from the lower support level.

This wedge pattern is usually bearish. However, in his analysis, Tardigrade noted that Dogecoin has bounced from the lower support level, and if it breaks from resistance at the upper trendline, it may reach the $3.80 target price. This outlook will be deemed invalid if the uptrend from support loses momentum and instead, DOGE loses the lower trendline support.

Despite the analyst’s bullish views, a recent Coingape analysis revealed that Dogecoin whales are selling after dumping over 60 million tokens in exchanges within two days. These large addresses often sell before a major crash in price and accumulate when DOGE has reached a local bottom and is eyeing a bullish recovery.

Social Volumes Surge

Data from Santiment reveals a notable spike in Dogecoin’s social volumes, which are up by nearly 12% within 24 hours despite the Fear and Greed Index showing that the market sentiment is in a state of fear. Within 24 hours, this metric increased from 229 to 256.

The social volumes metric from Santiment usually reveals rising market attention and hype towards a token. The metric especially plays a key role in determining the market interest towards meme coins, whose price moves are poised for volatility depending on trader sentiment.

To summarize, two analysts have shared a bullish outlook on DOGE price, with one projecting that DOGE may reach $0.34 in June 2025, while another believes that a bounce from support may push the price to $3. Santiment’s social volume metric shows a spike as hype and interest build. For a more detailed forecast on Dogecoin price – Read This.

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muthoni

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.