Dogecoin Price Prediction: Why This Trader Predicts DOGE Will Go Up by 180%

Over the past few weeks, DOGE price performance has turned heads, with traders closely watching for signs of a major rally. A recent surge of over 38% in May, combined with strong market signals, has led one prominent analyst to predict that DOGE could rise by as much as 180% if Bitcoin’s momentum holds. 

As interest around Dogecoin grows, both casual holders and seasoned traders are asking the same question: Is DOGE on the verge of another breakout? Let’s explore the latest price trends, the technical outlook, and expert predictions surrounding Dogecoin’s next big move.

Dogecoin Price Analysis

Dogecoin (DOGE) has shown strong performance recently, gaining over 38% in May alone, making it one of the best-performing cryptocurrencies in that period. 

According to CoinGecko, Dogecoin reached a 24-hour trading volume of $4.7 billion, ranking fifth among the top cryptocurrencies by trading volume, excluding stablecoins.

This growth has not come out of nowhere. Analysts point to two major on-chain indicators that highlight growing confidence among investors. 

First, data from CryptoQuant shows a strong presence of taker buy volume over the last 90 days, meaning more traders are buying rather than selling. Historically, such patterns have been associated with significant price increases. In fact, a similar trend in late 2024 led to a 385% rally, pushing DOGE to $0.48.

Another important metric is the Net Unrealized Profit/Loss (NUPL) for long-term holders. When this value crosses 0.5, it signals that most holders are in profit, which typically reduces the pressure to sell. 

This threshold was crossed again in March 2025, suggesting a strong belief among investors that the price could go even higher. Combined, these metrics show that Dogecoin’s recent gains are supported by real market demand and optimistic investor sentiment.

Read also: Dogwifhat ($WIF) vs Dogecoin (DOGE): Which Is More Worth Investing?

Price Prediction: Will DOGE Explode?

Technical analysts are increasingly optimistic about DOGE’s price potential. Trader Tardigrade, a widely followed crypto analyst, has identified a bullish pattern on the DOGE/BTC chart that mirrors a setup seen before Dogecoin’s historical 30,000% surge—from just $0.0024 to $0.739. 

The trader argues that Dogecoin is now in a similar position and could see another major breakout if Bitcoin’s rally continues or even pauses.

Dogecoin and Bitcoin have historically moved in tandem, showing a correlation of around 0.67 over the last three months. This means when Bitcoin gains, Dogecoin often follows. According to the trader, if Bitcoin enters a sideways consolidation phase, it could create the ideal environment for Dogecoin to rise sharply.

In addition to this, the weekly Moving Average Convergence Divergence (MACD) indicator for DOGE has shown a bullish crossover. This is the third time it has happened since 2024, and each of the previous two crossovers was followed by significant price increases—180% and 385% respectively.

Another crypto analyst, Javon Marks, shares a similar view. He pointed to DOGE’s higher lows as a sign of strength and forecasted a short-term target of $0.65. This would mark Dogecoin’s highest price since May 2021. 

Marks even suggested that the price could surpass $1, depending on broader market conditions and continued buyer momentum.

With increasing buying pressure and bullish technical signals, many traders believe DOGE is poised for a rally that could take it up by as much as 180%—and potentially beyond. 

Read also: What Is Dogecoin Cloud Mining and 6 Best Websites for It!

Final Thought

Dogecoin's recent performance is not just a lucky run—it is backed by strong on-chain data, technical indicators, and renewed investor interest. With multiple analysts pointing to similar bullish patterns, and historical correlations with Bitcoin supporting this outlook, the case for a major DOGE rally is growing stronger. 

However, as with all cryptocurrencies, volatility remains a key factor. Investors should keep a close eye on Bitcoin’s movements and market sentiment when evaluating the timing and strength of any potential Dogecoin surge.

For now, the signals are promising. Whether or not DOGE hits $0.65 or even climbs toward the $1 mark, it is clear that Dogecoin is once again a token worth watching. 

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FAQ

Q: Is DOGE going to hit $1? 
A: It's possible by the end of the year if the money situation gets better and Bitcoin doesn't stay too dominant in the market.

Q: Does Dogecoin still have a future? 
A: Yes, some experts think Dogecoin will be important for many years. Some even predict it could reach a very high price like $4,423 by 2050, while another estimate is $1.61 by then.

Q: Can DOGE hit $20 dollars? 
A: It's unlikely. While it has grown a lot before, reaching $20 would need everything to go perfectly right with technology, the market, and support from big investors.

Q: Does Elon own DOGE? 
A: Yes, Elon Musk said in 2021 that he owns Bitcoin, Ethereum, and Dogecoin.