Dogecoin Analysts Predict Possible Price Surge This Quarter

A recent report suggests that Dogecoin (DOGE) could see a significant price increase in the coming months. Currently trading at $0.17, DOGE has gained 10% over the past week and is up 11% over the last two weeks.

Bullish Divergence Signals Potential Upswing

Two bullish divergence patterns identified on DOGE's chart.
First pattern between June and August 2024 led to a rally from $0.07-$0.09 to above $0.40 by December 2024.
The second pattern from March to April 2025 shows lower lows near $0.1300 with higher RSI lows.
Experts anticipate DOGE might reach $0.50 within the next two to three months.

Investment Gains and Requirements

A hypothetical investment of $10,000 at $0.50 would yield approximately $27,530—an increase of $17,530.
To become a millionaire at this price, an investor would need around 2 million DOGE, costing about $360,000.

Technical analysis indicates strong support from a long-term parabolic trendline established around $0.05 during 2022-2023, as DOGE consistently rebounds above this line despite attempts to fall below it.

Current Market Positioning

DOGE is trading slightly below both short-term and long-term exponential moving averages (EMAs).
A breakout above $0.20 may confirm a larger trend reversal and potential for further gains.
DOGE recently exited a "falling wedge" formation, which had contributed to its downtrend.
Previous resistance levels noted at $0.28 in February and $0.16 in April.

Investors should remain cautious due to the inherent volatility of cryptocurrency prices, especially following DOGE's horizontal trading after peaking at $0.19.