Dogecoin (Doge) cryptocurrency prices have jumped 38% over the past 30 days, reportedly entering a bullish pattern. According to Crypto analyst Tradingshot, Doge is in a bullish pattern, which could trigger a parabolic rally at $1.5. Analysts also increased the chances of major meme coins reaching double digits.
In a TradingView post, Tradingshot said the Dogecoin price is within the Cylinder of Livermore. Analysts said Doge has been trading within bullish megaphones for most of the bull cycle since October 9, 2023. Tradingshot went on to add that Doge is a heavy buildup and is ready for a breakout of over a dollar.
Similarly, Dogecoin July Price Chart also shows signs of a surge, according to Trader Tardigrade, a prominent cryptocurrency analyst. According to the analysis, Dogecoin can reach the integration top and enter the “pump” phase to offer a new price peak. Doge Meme Coin, which currently trades around $0.23, may need a boost from market-wide rebounds to achieve this surge.
What else can send Doge higher?
Another potential boost for Dogecoin (Doge) is the recent whale activity. In fact, whales activity around Doge reached levels not seen in months. Over 1.08 billion Doge tokens have been accumulated by large wallets during the 48-hour period earlier this week. This represents approximately $250 million in investment capital. Trading volume also rose 77% to $6.43 billion, indicating new participation in the market today.
According to Concodex’s July 31 Dogecoin price forecast, the token is expected to actively look into the $0.25 price mark. By mid-August, tokens are expected to surge, reaching a new price peak of $0.31. “According to current Dogecoin price forecasts, Dogecoin prices are projected to rise by 16.71% to $0.308,261 by August 21, 2025. According to technical indicators, the current sentiment is bullish. Prediction, it’s now a good time to buy Dogecoin.”
