Dogecoin Surges 10% In Week, Eyes $0.50 Target

Dogecoin (DOGE) is currently trading at $0.17 and has shown a 10% gain in the last week, with an 11% increase over a 14-day period. According to a recent technical report, the meme coin could be on the verge of a significant price increase in the coming months. Crypto Bio’s analysis indicates two separate bullish divergence patterns on Dogecoin’s chart. The first pattern occurred between June and August 2024, when prices fell to between $0.07 and $0.09 while the Relative Strength Index (RSI) made higher lows. This was followed by a large-scale rally that saw DOGE rise above $0.40 by December 2024. Another similar pattern developed between March and April 2025, where Dogecoin’s value printed lower lows near $0.1300, but the RSI once more produced higher lows. Based on these technical features, certain experts anticipate that DOGE might reach $0.5 over the coming two or three months.

There are discussions about new ‘Dogecoin millionaires’ that have excited investors. Assuming a price of $0.5, a $10,000 investment would become around $27,530 – a gain of $17,530. However, to actually become a millionaire if DOGE reaches $0.5, an investor would need to have around 2 million coins, currently valued at around $360,000. This reality check underscores the vast amount of money required to meet the ‘millionaire’ goal that is utilized to recruit prospective investors in the cryptocurrency.

Another analyst, “abermix,” notes that Dogecoin is presently riding a long-term parabolic trendline that started around $0.05 during 2022-2023. Although there were numerous attempts to fall below this curve at different price levels ($0.06, $0.08, and $0.14), DOGE has repeatedly jumped back to hold ground above the line. The price is trading slightly below both short-term and long-term exponential moving averages (EMAs) currently. Experts believe that a breakout above $0.20 will validate a larger trend reversal and open the doors for further advances.

According to April 25 reports, Dogecoin has extricated itself from a “falling wedge” formation that had placed it in a downtrend for many months. Previous levels of resistance were tested in February at $0.28 and April at $0.16. Market observers comment that although these technical indicators look encouraging, cryptocurrency prices are extremely volatile. The present price movement comes after several months of horizontal trading following DOGE’s peak at $0.19, and any investment choice should account for the volatility of the market.