Dogecoin (DOGE) Price Prediction: Latest Forecast Uses Fibonacci Extensions to Show Possible Bullish Targets Ahead of Expected Altcoin Season

The latest forecast for Dogecoin (DOGE) uses Fibonacci extensions to show possible bullish price targets ahead of the expected altcoin season.

The latest forecast for Dogecoin (DOGE) uses Fibonacci extensions to show possible bullish price targets ahead of the expected altcoin season.

As of June 10, DOGE had increased by 4.88%, bringing its price to $0.1911. However, on a weekly basis, the cryptocurrency is still down 1.58%.

Although short-term movements are still volatile, analysts still provide long-term projections using technical analysis tools.

One of the market commentators named "Matters" on the X platform recently shared a chart showing the potential future direction of the Dogecoin price.

Dogecoin Price Rises 0.57% in 24 Hours

On June 11, 2025, Dogecoin saw a modest 0.57% increase over the past 24 hours, bringing its price to $0.1959, or approximately IDR 3,177. During the day, DOGE traded as low as IDR 3,081 and reached a high of IDR 3,229.

At the time of writing, Dogecoin's market cap stands at around $29.27 billion, with trading volume increasing 12% to $1.38 billion within 24 hours.

Minimum and Ambitious Price Targets for DOGE

The analyst used the Fibonacci extension tool to predict Dogecoin's possible price movements. This weekly chart projects a price target based on historical data from the previous price peak at $0.73.

The chart shows that Dogecoin has the potential to follow an uptrend, characterized by a green trend line indicating an upward direction of movement.

This chart includes important levels of Fibonacci extensions that analysts believe are potential price targets for DOGE in the upcoming altcoin season. The first level is 1.618, which represents the price of $1.2750. According to the analyst, this level is the minimum upside target for DOGE.

In the event of a stronger bullish rally, DOGE prices could be pushed up to $1.5643, which corresponds to the Fibonacci 2 level.

Meanwhile, the 2.618 Fibonacci extension level suggests that Dogecoin could potentially reach a price of $2.0324, reflecting a more optimistic scenario for the cryptocurrency's future.

Potential Short-Term Support Zone

Back on June 8, analyst Matters also used Fibonacci retracement levels on shorter-term charts to identify possible support zones for Dogecoin.

These levels are important for determining where the price might experience a reversal or find support after a significant move.

Major retracement levels show potential support areas at some price points. A price correction could take DOGE down to the 0.786 retracement level of $0.1711.

On the other hand, the 0.886 level at $0.1351 indicates a possible deeper correction, which could also be a support zone.

Additionally, there is a yellow line at the $0.0899 level that signals the potential for a sharper price drop. This level is considered a potential low point for Dogecoin in the event of a prolonged correction, and could be a very important support area if the market comes under pressure.

Conversely, the chart also highlights that the $0.4390 level could be a significant resistance area.

Golden Cross on Dogecoin

In a separate analysis, a trader named Tardigrade noted that Dogecoin's 4-hour chart shows a golden cross pattern, which occurs when the 20-period simple moving average (SMA) crosses above the 50-period SMA.

This pattern previously preceded a significant price spike observed in the May 6 to 9 period. According to Tardigrade, a similar bullish candle formation has now reappeared, which could signal the start of the next big upside move for DOGE.

Stay tuned for more updates about cryptocurrency and blockchain technology.

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