Analyst Says Dogecoin Follows Key Patterns with $0.47 Target

Analyst Highlights Dogecoin’s Price Patterns with $0.47 Resistance

DOGE has shown notable price fluctuations over the last week of August 2025. The cryptocurrency experienced a significant surge, reaching a peak above $0.24 before consolidating around $0.22. 

This surge, followed by a correction, highlights the heightened volatility often seen in the crypto market. Although the memecoin undergoes minor price corrections that are expected to continue, analysts predict an overall price increase in the sessions to come.

Dogecoin’s Price Movements in the Last 7 Days

Dogecoin has increased in value by roughly 2.3% in the previous week. The swift increase in the middle of the week, followed by the slight decline, is indicative of normal market fluctuations. As a brief consolidation unfolded, the asset seemed to stabilize around $0.22 after previously maintaining $0.24 during higher price points. 

This type of price movement is often observed in the crypto space and is characterized by the possibility of fast swings either way. However, in the midst of this price volatility, analysts are stating bullish price targets for Dogecoin. According to Trader Tardigrade, the cryptocurrency is expected to see higher prices soon, suggesting that the current consolidation phase may soon end. 

Source: X

Symmetrical Triangle and Important Resistance

In regard to the memecoin's price analysis, it is forming the symmetrical triangle structure in the weekly chart. This structure marked in yellow in the image above is indicative of a continuation structure that shows there is a consolidation phase and a breakout is near. In general, symmetrical triangles indicate a strong breakout and price movement. 

A breakout of Dogecoin upwards could test the $0.46720 resistance, while the Fibonacci retracements and extensions assuming the $0.23359 current price as the base provide other price targets. The Fibonacci extension at $1.31239 is the next target assuming the breakout continues with momentum. All of this indicates that DOGE could rise almost 5x, which is a substantial increase. 

On the other hand, assuming Dogecoin breaks to the downside, the price could fall back to the lower $0.08660 previous support. Given this technical setup, a bearish breakout seems unlikely as close to the apex of the symmetrical triangle, analysts expect Dogecoin to make its next big price move. 

Historical Context and Oscillator Indicators

Looking at the Dogecoin market over years, trader Tardigrade gives a perspective with a long-term analysis. The chart highlights two major price surges: one in 2017, which saw a 9000% increase, and another in 2021, which experienced an even more remarkable 26,000% rise. 

Source: X

These dramatic increases in value were driven by market sentiment and the broader cryptocurrency trends of the time. However, the chart also reveals price corrections following these surges, indicating that large rallies tend to be followed by periods of consolidation or decline.

The momentum behind Dogecoin's price actions is further illustrated by the oscillators on the chart, which demonstrate divergence and reduced momentum relative to the earlier spikes. The oscillators imply that even though the cryptocurrency is still in a consolidation phase, the setup reflects preconditions seen before prior explosive rallies. The chart's green rectangles show the intervals of intense bullish momentum, and the current setup proposes that Dogecoin could be approaching the beginning of another marked rally.