TLDR
- Dogecoin price shows multiple bullish chart patterns including triangle, cup-and-handle, and rounding bottom formations
- Analysts track $0.29-$0.30 as key resistance with $0.19-$0.21 serving as critical support levels
- RSI indicator has shifted upward from oversold territory, showing improving momentum
- Trading volume remains steady with risk-to-reward ratios above 6.5 for short-term positions
- Multiple targets identified including $0.38, $0.48, and potential $0.80 by Q4 2025
Dogecoin price has formed several technical patterns that analysts believe could lead to a breakout in the coming months. The meme coin currently trades around $0.21 after gaining 2.3% in the past 24 hours.
Analyst Zeinab identified a rounding bottom formation on DOGE charts. This pattern typically appears before new uptrends begin. She also noted the token moved within a converging triangle, which signals falling volatility before potential breakouts.
$DOGE is showing a pattern similar to 2024. It’s forming a rounding bottom & if it breaks $0.29, it could rally like last time from $0.18 to $0.49.
A converging triangle is also forming, which means a breakout might be coming.
If the pattern repeats, we could reach $0.80 in Q4. pic.twitter.com/ZhUQ8LRyGf
— Crypto Zeinab (@CryptoZeinab) August 20, 2025
The next major resistance sits near $0.29 according to her analysis. A clear move above that level could mirror an earlier climb when the token advanced from $0.18 to $0.49. Extended momentum could push DOGE toward $0.80 by the final quarter of 2025.
Traders are monitoring the $0.29 level closely as the primary ceiling for the current trend. Until the token breaks above that point, the bullish setup remains unconfirmed.
Dogecoin Price Prediction
Volume trends support the bullish view with steady buying interest in recent weeks. However, liquidity remains below levels recorded during previous rallies. Analysts say a sharp increase in trading activity could validate the scenario.
Analyst Cryptoinsightuk identified opportunities for shorter-term traders. He said DOGE had swept both recent highs and lows, clearing stop orders on both sides of the market.
A lot of crypto setting up similarly here.
Take $DOGE for example.
Highs swept.
Lows swept.
Now decent 4HR volume and potential to see RSI cross bullish from near oversold levels.
This offers a nice 6.5 R/R ST trade set up.
NB I am not taking this trade, I'm already in a… https://t.co/rlYFrVopqJ pic.twitter.com/eByVjZIKo6
— Cryptoinsightuk (@Cryptoinsightuk) August 20, 2025
This often serves as a prelude to price reversals. He calculated a risk-to-reward ratio of 6.5 for this setup, which traders consider attractive since it exceeds the threshold of 5.
The Relative Strength Index has turned upward after reaching oversold territory. RSI measures price move strength on a scale from 0 to 100, with values below 30 indicating oversold conditions.
At current levels, RSI approaches the midpoint, signaling improving momentum. This aligns with potential for price recovery according to Cryptoinsightuk’s analysis.
Support and Resistance Levels
He maintained a low-leverage position in DOGE and argued the technical setup was relevant for traders seeking shorter-term entries. Volume analysis supported this thesis with rising RSI and steady turnover increasing odds of another test of the $0.29 level.
If the token fails to clear that zone, downside risk remains toward the $0.20 support band. Analyst Andrew Griffiths identified a cup-and-handle formation, another bullish chart pattern.
#DOGE Analysis indicates a potential cup and handle formation, which may drive the price past $0.30, possibly reaching the channel's peak. Stay tuned for developments! 💚 #DOGEUSD For signals, use https://t.co/Gg38wPHMeL. DM me to JOIN. pic.twitter.com/clN6DB8QL3
— Andrew Griffiths (@AndrewGriUK) August 20, 2025
A cup-and-handle appears as a rounded base followed by smaller pullback, often preceding breakouts. Griffiths said a confirmed move above $0.30 could push DOGE toward the upper channel boundary.
He identified support between $0.19 and $0.20 as the critical floor. If the token held this area, his model pointed to resistance near $0.38 as the next target.
Trader Altsteinn focused on the $0.21 level as crucial for what comes next. His analysis suggests holding $0.21 makes $0.30 a realistic target, with $0.48 representing a previous high that DOGE needs to reclaim.
The $0.16-$0.17 area has become DOGE’s safety net, catching every dip and attracting buyers. This price behavior often precedes bigger moves according to technical analysis.
Current market data shows DOGE declined 4.4% over the past week and about 17% over the past month. The all-time high stands at $0.7375 with market capitalization around $33 billion and trading volume close to $3.4 billion.
