Dogecoin Surges 10% Weekly, Eyes 740% Gain by July

Dogecoin has experienced a sudden rebound this week, sparking renewed discussions about a potential major rally in the coming weeks. After dropping to $0.142 on Sunday, the meme coin has recovered and climbed back above $0.16.

Market observers suggest that this bounce from long-term support could pave the way for a more significant move, possibly as early as July. Analysts have noted that Dogecoin’s decline to $0.142 fits into a rising pattern of higher lows. This dip hit a multi-year trendline that first appeared in October 2023. At that time, prices fell to a similar zone before reversing. Once Dogecoin found support, it entered an ascending channel, forming a steady sequence of higher highs and higher lows on the weekly chart.

Crypto analyst WIZZ has predicted that Dogecoin’s next upward movement could begin in July. If the current support holds, they argue, DOGE may gain momentum and push toward the wedge’s tip, potentially hitting $1. The analyst’s chart indicates a potential rally to $1.40, which would represent a 740% increase from current levels and surpass the $1 mark that many have been watching for years.

This is not the first time experts have targeted $1 for Dogecoin. Galaxy Research had previously set the $1 target 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.

Dogecoin’s recent upward turn adds about 10% to its weekly lows, and it’s up roughly 5% over the last weekly session, trading near $0.166. However, critics point out that DOGE lacks the fundamental backing of tokens that power major networks. Its price movements are largely driven by community enthusiasm and hype. If Bitcoin or the broader crypto market cools off, Dogecoin could experience sharper drops than more established assets.

For those considering entering the market, this setup presents a double-edged sword. A 500% move in one month would be historic—even by meme-coin standards. But such a rally requires perfect market conditions and significant buying momentum. If support breaks again, losses could come just as quickly. Traders who choose to play this rebound may want to set clear profit targets and tight stops.