TLDR: Dogecoin (DOGE) Price Shows Signs of Strength, Trading at $0.17 with a 10% Gain Over the Past Week

Dogecoin price showed strength recently, trading at $0.17 with a 10% gain over the past week. Technical analysts are highlighting patterns that could point towards a potential price increase in the coming months, although the coin faces several key resistance levels.

The digital asset has recorded an 11% increase over a 14-day period, building momentum after finding support at lower levels. This recovery comes as the broader crypto market shows signs of stabilization following recent volatility.

According to analysis from Crypto Bio, the Dogecoin chart has developed two separate bullish divergence patterns. The first occurred between June and August, when prices dropped to between $0.07 and $0.09 while the Relative Strength Index (RSI) made higher lows.

This pattern preceded a substantial rally that saw DOGE climb above $0.40 by December 2024. Now, a similar pattern has emerged between March and April 2025.

However, despite exciting claims about new “Dogecoin millionaires,” the numbers present a more realistic picture. Assuming a price of $0.50, a $10,000 investment would grow to approximately $27,530 — a gain of $17,530.

Another analyst, "abermix," notes that Dogecoin is currently following a long-term parabolic trendline that began around $0.05 during 2022-2023.

The price is currently trading slightly below both short-term and long-term exponential moving averages (EMAs). Experts believe that a breakout above $0.20 would confirm a larger trend reversal and open the door for further advances.

According to reports from late April, Dogecoin has broken out of a “falling wedge” formation that had kept it in a downtrend for several months. Previous resistance levels were tested in February at $0.28 and in April at $0.16.

The daily chart shows that DOGE bottomed at $0.1292 earlier this month before rebounding to a high of $0.1925. This recovery happened as Bitcoin and other altcoins rallied after Trump softened his stance on China and indicated he wasn’t considering firing Jerome Powell.

The RSI and MACD indicators have moved downward, suggesting the coin has lost some momentum. This implies that DOGE price has a neutral outlook currently, with potential to either continue its rally or resume its downtrend.

A Dogecoin ETF approval could push the price significantly higher, potentially to $0.4336, the peak reached on January 18 — approximately 145% above current levels.

The likelihood of this happening appears reasonable, as Polymarket odds of a DOGE ETF approval have jumped to over 57%. Analysts believe the chances are high because Dogecoin is a proof-of-work network like Bitcoin and is not classified as a security.

However, there’s uncertainty about whether Dogecoin funds would attract substantial investor inflows. Public data shows investors have primarily focused on Bitcoin ETFs, which have attracted over $38 billion, while Ethereum funds have received less than $2.5 billion.

Also Read: Bitcoin Price Analysis: BTC Key Level To Watch For Next Move

DOGE’s price will also depend on Bitcoin’s performance. Historically, DOGE and other altcoins thrive when BTC is in a strong uptrend. The ongoing recovery shows promise, with Bitcoin (BTC) making a move to $95,000 from its recent low of $74,000.

Despite Dogecoin’s impressive $26 billion market cap, on-chain metrics show some concerning signs. The Network Value to Transaction (NVT) ratio has reached a three-month high, indicating market cap is outpacing on-chain transactions.

Network activity remains sluggish, with both new and active addresses remaining below the levels seen before the recent presidential election. During November’s breakout when DOGE surpassed $0.40, new addresses used to exceed 100,000. Today, that number stands at just 12,629.

Dogecoin was recently showing signs of overvaluation, yet options volume increased by 9.11%. Derivatives Open Interest hit a monthly high of $1.87 billion, showcasing significant market participation.

DOGE is currently being traded at $0.1757, remaining below the critical $0.20 resistance level that many analysts consider key for continuing its upward momentum. A breakout above this level could spark a more substantial rally in the coming months.