Dogecoin (DOGE) Price Prediction: Will the Meme Coin King Make Another Big Move?

Dogecoin's (DOGE) momentum has slowed in recent days, with the meme coin losing 8% in the last 24 hours. Currently trading at $0.3900, this decline has reduced its weekly gain to a modest 2.29%.

Dogecoin (DOGE) price analysis reveals a downtrend over the past 24 hours. The meme coin has lost 8% in value, currently trading at $0.3900. However, DOGE still maintains a modest weekly gain of 2.29%. Looking at a broader timeframe, the meme coin has experienced a remarkable 188% surge over the past month.

Despite the recent consolidation, TradingView analyst MadWhale remains bullish on DOGE’s short-term price trajectory. His analysis predicts a 37% price surge, targeting a breakout to $0.55. This optimism is fueled by Dogecoin maintaining support above the critical $0.3000 level, identified using Fibonacci retracement analysis.

MadWhale further highlights increasing trading volumes and heightened social media activity as additional factors contributing to DOGE’s potential rebound. He believes that Dogecoin is poised for a substantial rally once bullish sentiment resurfaces.

Several analysts are optimistic about Dogecoin’s future trajectory. Bluntz views the recent consolidation as part of a Wave 4 correction, setting the stage for a significant parabolic rally. He advises traders to hold off on profit-taking until DOGE hits $1.

Meanwhile, Trader Tardigrade highlights the emergence of a Bull Pennant pattern, projecting a potential rise to $0.85, which would represent a new all-time high for the cryptocurrency.

Looking further ahead, Ali Martinez forecasts a speculative surge of up to 30,000%, pushing DOGE beyond $10. However, he also anticipates interim corrections ranging from 40% to 50%, echoing patterns observed in past cycles.