Dogecoin (DOGE) has surged nearly 20% over the past week, with the price tapping $0.10 for the first time since early June, pushing its market capitalization to approximately $15.2 billion and securing its position as the 12th-largest cryptocurrency. Several analysts have identified bullish technical patterns, with some predicting a move toward resistance zones between $0.1175 and $0.15 should the price break decisively above current levels. More optimistic forecasts suggest the “meme coin” could be gearing up for a rally to $1, though data shows increased exchange inflows that could signal short-term selling pressure.
Dogecoin has risen almost 20% over the past week, reaching a market capitalization of roughly $15.2 billion. The asset currently trades just below the $0.10 psychological mark, a level it has not touched since the beginning of June.
Analyst Cyriptoman4 claimed that if DOGE decisively breaks above that zone, the upward move could continue toward the $0.1175-$0.15 region. BSC Gems Alert noted that the price has started forming a higher-low structure and is pushing against the upper boundary of the latest descending pattern.
“If DOGE can break and hold above $0.22, momentum could accelerate toward the higher resistance zones. The setup is simple: Breakout → Retest → Continuation,” BSC Gems Alert stated. The analyst also warned that a loss of support would invalidate the bullish setup and could trigger a pullback.
More optimistic predictions have emerged as well. Analyst Bark argued that the breakout to $1 has begun, expecting the potential explosion to happen faster than most people think. MikybullCrypto issued a similar forecast, maintaining that the bullish move is about to kick off and setting the $1-$3 range as the target.
Whale activity has been notable this month, with large investors purchasing more than 240 million DOGE in about a week. This accumulation reduces tokens available on the open market, which could contribute to upward price pressure when combined with steady demand.
However, some factors suggest a possible short-term correction. Data from CoinGlass shows exchange inflows have surpassed outflows over the past few days, indicating that some investors have moved their holdings from self-custody to centralized platforms. This shift typically increases immediate selling pressure on the market.
