DOGE ( DOGE ) price prediction: short-term target $0.357, aiming at $0.4

DOGE has recently led the Memecoin market, rising 77% in July, making it the largest gainer among the top three Memecoins. With the network activity continuing to rise and volume steadily climbing, DOGE is expected to continue its pump and break through key resistance levels. In the short term, the price target for DOGE is $0.357, and in the long run, its upward trend remains strong.

DOGE leads the Memecoin recovery, July rise hits record Recently, DOGE has stood out in July with a 77% rise, leading the Memecoin market. According to on-chain data, network activity has continued to rise since May, especially the number of daily active addresses surged in mid-May and June, marking local tops and bottoms in the market. However, in the past month, although the number of daily active addresses has gradually increased, it has not reached a cautionary high level. The trading volume is also on the rise, but there are no signs of a bubble burst or sell-off.

Technical Analysis: Breakthrough Key Resistance, DOGE Rushes to $0.33 DOGE has maintained a consolidation range ($0.142 to $0.25) since March and broke through the upper limit of this range on July 20. Over the past twelve days, DOGE's volume has significantly exceeded the average level, helping it to break through the key resistance at $0.25. Based on the magnitude of the range breakout, DOGE's pump target is expected to reach at least $0.33. Currently, DOGE is testing the $0.285 resistance from February.

Future Price Predictions and Short-term Buying Opportunities In the short term, the next key resistance level for DOGE is at $0.4, which is expected to be an important psychological barrier, especially during the period from November 2024 to January 2025, where it was a strong level of support. Based on the breakout of the range, the price target for DOGE in the next month or two is $0.357. In the short term, if the price retraces to the fair value range of $0.25 or $0.26, it will provide a good buying opportunity for short-term traders.

Conclusion: DOGE is experiencing a strong rebound supported by positive market sentiment and steadily increasing on-chain data. In the short term, DOGE is expected to maintain its upward trend and is likely to further break through the key resistance level of $0.33. If market sentiment remains positive, DOGE may continue to rise in the coming months, challenging targets of $0.4 and $0.357.