Will Dogecoin’s Price Soar to the Skies? 🚀

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Oh, dear readers, gather ’round, for I have a tale to tell, a tale as whimsical as a doge’s wagging tail. Dogecoin (DOGE), the beloved meme coin, is on the cusp of a grand adventure, much like a dog chasing its own shadow, only this time, it might just catch it! 🐾 The price action of this digital wonder is eerily reminiscent of the bullish wave that swept through the crypto world in late 2024, and it seems the good times are about to roll once more. After months of aimless wandering and the occasional bearish growl, DOGE is showing signs of renewed vigor, hinting at the dawn of a significant upward cycle that could send its price soaring above the coveted $1 mark.  

Dogecoin Predicted To Surge 591% To $1

According to the wise and insightful Master Ananda, a TradingView analyst of considerable repute, Dogecoin is displaying technical patterns that are as clear as a sunny day after a storm. It has been over 217 days since the last great rally, but now, the meme coin stands on the precipice of another explosive move. The projected Fibonacci extension targets suggest that DOGE could reach as high as $1.168, a 591% increase from its current levels. Imagine that! A doge’s dream come true! 🎉

After the long and dreary bear market that followed Dogecoin’s 2021 all-time high, the coin showed a glimmer of hope in early 2024, but the real excitement began in late 2024. Now, in mid-2025, the same setup is reemerging. Since March, Master Ananda has observed that Dogecoin’s price action has entered a quiet phase, neither gaining significant ground nor suffering deep corrections, thus laying a stable foundation. 

Between May and June, the meme coin faced over eight weeks of bearish pressure, yet it managed to maintain a critical mid-term higher low, a sign of strength and accumulation. Over the last three weeks, the chart has been painted with green candles, and this week’s full-bodied green candle at the top suggests that a breakout is nigh. 

The chart analysis draws clear parallels to October 2024 and early 2021—periods of low volatility that preceded parabolic rallies. If history is any guide, Dogecoin could once again deliver astonishing returns, with predictions suggesting a rise to and beyond $1. Key Fibonacci resistance levels have been spotted around $0.212, $0.313, and finally, $0.394. 

Dogecoin Targets $0.349 After Breaks Above EMA89

In a follow-up analysis, Master Ananda has revealed that Dogecoin has confirmed the start of a long-term bullish trend after successfully closing above the EMA89, a critical resistance level marked by the blue-dotted line on the daily chart. This signals fresh growth and a market structure that is now in favor of the bulls. 

The next key level to watch is the EMA233, and once this is broken with a daily close, it will further confirm sustained upward momentum and a complete transition into a long-term bullish phase. Dogecoin is currently trading around $0.2, with near-term targets set at $0.265 and $0.349. Both of these targets align with significant Fibonacci resistance zones and recent structural highs. 

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2025-07-13 09:43