Dogecoin (DOGE-USD) is flashing some serious upside potential. The maybe-memecoin has already gained 18% this week and now trades above $0.21. That price matters more than most realize. According to multiple technical and on-chain indicators, if DOGE can break and hold above $0.25, it could unleash a rally that drives the token to $1 by the end of 2025.
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That would mark a 300% surge from a $0.25 DOGE price. This would bring the coin back to the kind of momentum not seen since its viral breakout in 2021.
DOGE Breaks Out of Long-Term Downtrend
Dogecoin’s chart has flipped bullish after months of grinding lower. A long-term descending channel that had capped price action since late last year has now been broken, and the coin is printing a clear double-bottom formation on the daily chart.
That double-bottom carries a technical price target of around $0.48 if it plays out fully. But the larger structure could go even further. Crypto analyst Trader Tardigrade points to an ascending broadening wedge pattern on the weekly chart, a formation known for explosive upside when breached. He believes that reclaiming the $0.25 level would mark the start of a much bigger rally.
If DOGE breaks through that barrier and clears $0.47 resistance, a run toward the $1 level becomes a serious possibility.
On-chain Data Shows Whales and Holders Getting Bullish
The bullish thesis isn’t based on charts alone. Key on-chain metrics also show growing interest in DOGE. Futures open interest has surged 67% in July, jumping from $1.7 billion to $2.85 billion. At the same time, spot volume is rising steadily, suggesting this isn’t just leveraged speculation, it’s real demand.
Importantly, funding rates remain neutral, a sign that the rally hasn’t overheated yet. Retail traders have not piled in aggressively, and whales may still be quietly accumulating.
The Long-Term Holder Net Unrealized Profit/Loss (LTH-NUPL) has now entered the “Optimism-Anxiety” zone. That’s historically been the sweet spot where DOGE’s biggest rallies begin. Long-term holders are in moderate profit and less likely to sell, easing pressure on the market and letting fresh capital drive the next move.
Why $0.25 Is the Line in the Sand
The key to all of this is $0.25. That’s the neckline of the double-bottom pattern and a major psychological and technical resistance level. If DOGE closes above it with volume, analysts believe momentum could carry the token through $0.48 and eventually toward $1.
For now, DOGE remains in a consolidation zone between $0.19 and $0.21, but momentum is building fast. The breakout structure is in place and if the bullish setup continues to unfold, Dogecoin could once again capture the momentum in what is shaping up to be a major altcoin cycle.
At the time of writing, Dogecoin is sitting at $0.2196.
