Dogecoin Price Analysis – DOGE Could Rally to $0.35 If Resistance Gives Way

Highlights:

• Dogecoin is gaining upside momentum in line with the broader market
• Dogecoin is now trending towards critical resistance at $0.22
• Rally through $0.22 could see Dogecoin hit $0.35 or higher soon

Dogecoin (DOGE) has increased by 11.87% today, bringing it to $0.205 at the time of writing. DOGE’s rally mirrors the wider cryptocurrency market, which is currently pumping. Bitcoin, the market leader, is holding firm above $100k, sending bullish signals across the market. Such price action indicates that cryptocurrencies, including Dogecoin, could be in a new bull run.

Advertisement

Analysts Increasingly Bullish on DOGE – Could Trigger FOMO

FOMO is already building up around DOGE, and analysts are already making bullish predictions for DOGE. Using a 3-day time frame, a famous market analyst known as trader Tardigrade has identified a bullish pattern on the DOGE chart. Tardigrade points to the falling wedge pattern, which has led to bull rallies in the past.

#Dogecoin/#Total signals an identical Falling Wedge 🔥

It seems ready to break out.
A previous surge in $Doge/ $Total resulted in a 300% gain for $Doge. pic.twitter.com/9nEgq2wOGz

— Trader Tardigrade (@TATrader_Alan) May 7, 2025

This pattern caused a breakout that took Dogecoin from $0.10 to $0.46, a 300% gain. Then, the price spent some time consolidating, creating another wedge pattern from February to May 2025. The most recent wedge is characterized by narrowing price action and declining volume, which usually indicates accumulation before a breakout.

If Dogecoin mirrors its past breakout performance, the 300% increase could propel the price from $0.1832 to almost $0.7328. This would mark a return to levels not seen since 2021 when Dogecoin emerged as one of the best-performing meme coins.

Javon Marks Confirms Dogecoin Price Bullish Breakout on Lower Timeframe

Another analyst, Javon Marks, supports this outlook by pointing out a falling wedge on the Dogecoin 12-hour chart. This pattern started after a DOGE peak of $0.50 in late 2024 and sideways consolidation between $0.14 and $0.16. A Marks, DOGE just recently rallied past the wedge upper trendline, which usually tends toward strong bullish confirmation.

 Marks’ short-term projection suggests a parabolic move toward $0.30. His long-term analysis places DOGE at $0.65, which implies a 254.8% gain from current levels, provided the trend continues. Marks and Tardigrade arrive at similarly bullish conclusions, further strengthening the technical argument for more upside.

$DOGE (Dogecoin) and a significant recovery remains in the cards before a continuation towards its $0.65 technical target areas.

Those levels are over 252% away… https://t.co/1ivPdY4Fuy pic.twitter.com/M2JH7g6mCX

— JAVON⚡️MARKS (@JavonTM1) May 8, 2025

Whales Are Holding Onto Dogecoin – A Bullish Signal

Adding to the bullish accumulation signals is a sharp increase in whale activity. In the last 24 hours, Whale Alert, an on-chain tracking service, reported the movement of 807,378,538 DOGE in five transactions between two anonymous address pairs. Such transfers are usually interpreted as indicators of planned accumulation rather than distribution. Whales taking cryptocurrency off exchanges usually precede strong bull rallies.

🚨 🚨 🚨 🚨 🚨 🚨 807,378,538 #DOGE (148,879,189 USD) transferred from unknown wallet to unknown wallethttps://t.co/jncJHZvv43

— Whale Alert (@whale_alert) May 8, 2025

Technical Analysis – Dogecoin Price Trending Towards Critical Resistance

Dogecoin has had a solid green week so far, reflecting the wider market. This rally has now put Dogecoin within the weekly $0.22 resistance.

If bulls push Dogecoin through the $0.22 resistance, a rally to $0.35 could follow. On the other hand, if bulls fail at the $0.22 resistance, then a correction to $0.167 could follow. 

Recap

With Bitcoin solidifying above the $100K mark and the market showing promise, interest in memecoins like Dogecoin will likely strengthen. Dogecoin’s standing as the top meme coin and its technical indicators make it appealing to speculative investors. All these factors could see Dogecoin retest or surpass its 2021 all-time highs in the foreseeable future. In such a case, $1 DOGE would be within realistic reach in 2025.

Advertisement