Dogecoin Breaks Free from the Clampdown—Could Rise 60%, Analysts Say

Dogecoin rose slightly to $0.17 on Friday, up 1.0% in the past 24 hours. Trading has fallen this week, and Dogecoin has decreased nearly 3% over the past seven days. According to reports, investors are acting cautiously as trading volume has fallen 30% to around $678 million. Warning Signal for Falling Trading Volume According to on-chain data, the fall in daily trading volume indicates fewer traders are participating. The 34% drop in activity shows a downward trend. Some market watchers say that low volume often leads to strong volatility. When little money is changing hands, even modest buy or sell orders can push prices sharply in either direction.

The Triangle Model Indicates an Imminent Breakout On the chart extending from the beginning of 2024 to mid-2025, Dogecoin aligns with a symmetrical triangle. The price has created lower highs and higher lows as the trend lines converge. Data from cryptocurrency analyst Ali shows that this narrowing range often precedes a major move. He notes that the peak of the triangle will occur in June 2025, setting a deadline for when volatility is expected to increase. DOGE Bulls Eye Breakthrough According to Ali's analysis, a daily closing level above $0.22 could signal a bullish breakout. If that happens, he sees Dogecoin reaching around $0.35 or $0.36—about 60% higher than the current level. On the other hand, a fall below $0.16 could trigger a sell-off down to $0.10. Investors are closely monitoring those levels to decide whether to join the buyers or cut losses. DOGE Price Forecast The price of Digital Coin is at an optimistic level. They predict that Dogecoin may surpass the level of 0.37 dollars before the end of the year and even retest the old high of 0.74 dollars. Market catalysts can change the balance. The volatility of Dogecoin often reflects the broader cryptocurrency space or tracks social media chatter. A rise in the price of Bitcoin or Ethereum can push DOGE higher, while a wider sell-off will amplify losses. Some traders also keep an eye on endorsements from celebrities and listings on major exchanges.

Currently, patience may be rewarded. Traders will look for volume to confirm any move above $0.22 or below $0.16. Until then, expect range-bound action. The next few weeks will be crucial as the symmetrical triangle tightens. If volume returns, Dogecoin could choose a clear direction—either a strong rally or a deeper correction.