Dogecoin (DOGE) has been making headlines, and not just for its meme-worthy status. A recent technical analysis suggests a significant price increase could be on the horizon.
A Technical Analyst’s Prediction
Crypto analyst David Perk, using Order Block (OB) and Candle Liquidity Sweep (CLS) models, predicts a potential 50% price jump for DOGE, taking it from around $0.15 to $0.234. He sees this as a “smart money” play, indicating large investors are strategically positioning themselves.
Perk’s analysis highlights several key points:
- Model 1 Execution: DOGE’s recent price action shows a classic example of a smart money strategy. The coin swept below long-term support, suggesting institutional investors are absorbing selling pressure before a potential price surge.
- Order Block Re-accumulation: DOGE touched a well-defined Order Block—a significant area of previous bullish activity—which Perk believes is being used for re-accumulation by large players.
- Fibonacci Retracement: The 61.8 Fibonacci retracement level is identified as a potential pullback target, offering a possible entry point for investors.
- Change in Orderflow Direction (CIOD): A CIOD signals a potential bullish shift in momentum, further supporting the upward prediction.
Perk’s analysis suggests that if this pattern holds, DOGE could reach the $0.23-$0.25 resistance range. A stronger surge, with increased volume and momentum, could even push it beyond $0.43.
A Bearish Trend Reversal?
Another analyst, Trader Tardigrade, noted a prolonged downward trend for DOGE since January 2025, with repeated failures to reclaim key support levels. However, Tardigrade points to a recent breakthrough: for the first time since the downtrend began, DOGE broke below a support level and successfully reclaimed it. This, coupled with strengthening fundamentals, suggests a potential bullish turnaround.
In short, while DOGE has seen a bearish trend, several analysts are pointing to signs of a potential reversal, predicting a significant price increase in the near future. However, it’s crucial to remember that crypto markets are volatile, and these are just predictions. Always do your own research before making any investment decisions.
