Dogecoin (DOGE) is sliding right now, but analysts think this might be the last real dip before a major breakout.

The top meme coin is currently trading at $0.22, down 2.61% in the past 7 days. Despite the short-term pressure, DOGE hasn't lost the bullish signals

Dogecoin (DOGE) price is sliding a bit right now, but analysts think this might be the last real dip before a major breakout. The meme coin is currently trading at $0.22, down 2.61% in the past seven days.

Despite the short-term pressure, DOGE hasn’t lost the bullish signals that fueled its past rallies, and that’s what has market watchers paying attention to. Volume is climbing fast, and some of Dogecoin’s most important metrics have surged by over 95%, hinting that a price rebound may not be far behind.

With a mixed outlook across different timeframes, the question now is whether the bulls can step in and push DOGE back toward its long-awaited $1 target, possibly sooner than most expect.

Dogecoin price today: A closer look

According to analyst Ali Martínez, large holders have scooped up over 1 billion DOGE in the past month, a clear sign of renewed confidence among top-tier investors.

This surge in whale accumulation comes alongside other bullish on-chain signals like rising active addresses and transaction volumes, pointing to a broader resurgence in Dogecoin network activity.

Historically, when whales start buying in bulk, it’s often a sign that a major rally is forming. This is especially pertinent in light of recent price action, which saw DOGE stall after failing to break through a crucial resistance level.

However, despite the setbacks, the foundations for what could be Dogecoin’s next big breakout are slowly being set in place.

Key metrics surge 95% as DOGE prepares for a breakout

In a surprising move, Dogecoin’s daily transaction volume has spiked by 95%, hitting $2.84 billion and pushing it ahead of several top 10 rivals.

This kind of volume surge isn’t just noise; it reflects a serious boost in network activity and growing adoption that’s becoming hard to ignore. Over the past month, volume has become a key metric for judging DOGE’s health. If this uptick continues to hold, it could help build the liquidity base needed for a strong price rebound once demand kicks back in.

On top of that, analysts are also keeping an eye on open interest, which continues to fluctuate in response to market volatility, especially in the futures space.

While price action remains mixed, the numbers behind DOGE are flashing bullish. If bulls can manage to regain control and push higher, then this 95% metric spike might end up being the first sign of a bigger breakout to come.

Analysts eye $1 target if DOGE breaks key resistance

Dogecoin’s recent moves suggest a potential breakout is brewing. In the last 30 days, DOGE has shown volume-backed reversals, especially during key timeframes. It’s already up by 42%, and it doesn’t seem to be slowing down. Even though DOGE had a minor 7-day dip, it’s back on track now.

Early action on May 18 confirmed strong buyer engagement, with an 8-million-volume breakout marking the start of an upward trend.

According to Akiba, if DOGE can maintain this momentum and manage to confirm the breakout pattern, then $0.29 could be the next big test, with the possibility of reaching $0.35 in the medium term. The $1 mark isn’t out of reach, especially if volume and whale activity continue to grow at this pace.

While eyes are on DOGE, some investors are also watching Remittix, a payment-focused altcoin that’s gaining traction during its ongoing presale. With its unique utility in PayFi, it’s beginning to attract attention from those who are looking beyond the meme coin hype.

Its presale is progressing quickly, and it’s still possible to join before it sells out completely.

With RTX at $0.0325 and the presale nearing its end, those who get in now will be able to buy at nearly the lowest price.

However, as the presale winds down and more investors contribute to this project, the price of RTX is expected to rise.

To learn more about Remittix and its role in revolutionizing the payment landscape, visit the links provided below.

Visit Remittix

Remittix is revolutionizing the way we pay and interact with cryptocurrencies through its advanced payment protocol. In an era where blockchain technology is rapidly evolving, Remittix is emerging as a leading force in the integration of crypto into everyday financial activities.

At the forefront of this revolution is Remittix's groundbreaking contribution to PayFi, a term coined to describe the convergence of blockchain and payment technologies. This fusion aims to redefine financial services by combining the efficiency and security of cryptocurrencies with the user-friendliness and accessibility of traditional payment methods.