DOGS Price Prediction: Memecoin Skyrockets 30% in a Week, Preparing for a 50x Move?

DOGS price jumped over 30% in a week and has shown its potential for a rally. This happened as its price moved and climbed above the key EMA lines.

The price of memecoin (DOGE) rose over 30% last week, showing potential for a rally as it climbed above key EMA lines.

The token recovered from the support zone of $0.0004800 and showed a rounding shape of recovery. Notably, the token traded 57% below the 52-week high and was attempting to cross the 50% Fib retracement level.

At the time of writing, the token’s price was trading at $0.0007244, and an intraday rise of over 12.60% was observed on the chart, indicating buying momentum. With a market cap of $374.35 Million, the token ranked 175th among the top crypto coins.

However, the memecoin, built on the TON blockchain, has reversed its course and started moving upwards. After hitting an all-time high in August 2024, the memecoin was engaged in a retracement phase. Furthermore, it retested the 23.6% Fib support levels.

DOGS Price Performance Peaks with Highest Weekly Candle

A renowned crypto analyst, Dan Gambardello, sees the recent price performance of DOGE as pivotal and thinks that it might shift the token for more significant gains. With the recent OKX listing, the token was preparing for a 50x move.

Observing the chart, the memecoin has just noted the highest weekly candle closed with a substantial volume surge. Similarly, Shelby observed an 80% upside in DOGE.

In the shared chart, DOGE crypto was inching closer to a trendline breakout. In case of a successful breakout, Shelby expects a massive boom toward $0.001400.

However, the DOGE crypto was trading below the 61.8% Fib level. The token still hovered near the mid-bollinger band.

DOGS Price Prediction: Analysing the Key Levels

The price prediction for DOGE conveyed a mixed outlook, as the trend was still weak. Amidst the recent price surge, some leading indicators still reflected the sell signal.

The Average Directional Index (ADX) still reflected the weak cues. The ADX reading of 16 conveyed indecision among traders. Amidst the weekly price surge of over 30%, a clear uptrend was still confirmed.

However, the Relative Strength Index (RSI) line approached the overbought zone. A positive crossover was replicating on the chart, signaling the buying pressure.

Additionally, a significant liquidity surge was observed in the CMF readings. It valued around 0.14, conveying slightly bullish cues.

Meanwhile, the memecoin price still formed the lower high swings and traded below the descending trendline. Bulls were looking to cross the hurdle of $0.0007500 for a clean sweep ahead.

Futures Prospects for DOGE: Bullish or Bearish?

The price of DOGE has yet to capitalize enough on the current upward surge in the crypto market. However, following market trend analysis, experts are sure of the future performance of the token.

Meanwhile, in December next year, the DOGE crypto may reach the maximum price of $0.0089 and the minimum price of $0.004110. The forecast for the year 2025 looks quite good, as estimations indicated that DOGE’s average price could reach $0.011.

The overall sentiment in the community now is still positive. Investors are still aiming for the memecoin to rocket up with a better sentiment in the future.

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

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