Dogecoin showed a sudden rebound this week, sparking fresh talk of a major rally in the weeks ahead. After dipping to $0.142 on Sunday, the meme coin has climbed back above $0.16.
According to market watchers, this bounce off long-term support could set the stage for a much bigger move, possibly as soon as July.
Chart Pattern Points To Support
Analysts have noted that Dogecoin’s slide to $0.142 fits neatly into a rising pattern of higher lows. Based on analysis, the dip hit a multi-year trendline that first showed up in October 2023.
At that time, prices fell to a similar zone before reversing. Once Dogecoin found footing, it moved into an ascending channel, forming a steady string of higher highs and higher lows on the weekly chart.
$DOGE $1 https://t.co/KgAc4sZ2LN
— WIZZ ( beware scammers ) (@CryptoWizardd) June 24, 2025
July Could Be The Launchpad
Meanwhile, crypto analyst WIZZ have predicted that Dogecoin’s next leg up could begin in July. If the current support holds, they argue, DOGE may pick up speed and push toward the wedge’s tip and hit $1.
The analyst’s chart shows a potential rally to $1.40, which would mark a 740% jump from today’s levels and blow past the $1 mark that many have eyed for years.
Multiple Forecasts Add Fuel To The Debate
This isn’t the first time experts have set sights on $1 for Dogecoin. Galaxy Research put the $1 target on its radar before the end of 2025.
Javon Marks, in his own analysis, sees DOGE breaching $1.25 by riding a bullish continuation pattern. Other analysts have called for a 500% surge after a falling-wedge breakout in March.
$0.6533 for $DOGE with a high likeliness of a break above, bringing $1.25+ into play!
(Dogecoin) https://t.co/ltCEos1E8w
— JAVON
Short-Term Gains Vs. Long-Term Risks
Dogecoin’s recent turn higher adds about 10% to its weekly lows, and it’s up roughly 5% over the last weekly session, trading near $0.166. But critics point out that DOGE lacks the fundamental backing of tokens that power major networks.
Its price moves largely on community enthusiasm and hype. If Bitcoin or the broader crypto market cools off, Dogecoin could see sharper drops than more established assets.
What Traders Should Keep In Mind
For those thinking of jumping in, this setup is a double-edged sword. A 500% move in one month would be historic—even by meme-coin standards. But that kind of rally demands perfect market conditions and lots of buying momentum.
If support breaks again, losses could come just as fast. Traders who choose to play this rebound may want to set clear profit targets and tight stops.
Featured image from Unsplash, chart from TradingView
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Christian Encila
https://www.newsbtc.com/altcoin/july-jump-dogecoin-set-to-soar-analysts-forecast-1-break/
2025-06-27 01:30:59
