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The price of Dogecoin rose sharply in the past week, jumping from less than $ 0.169 on May 8 to a little more than $ 0.248 by May 12. This profit by 35 % in seven days. Traders and investors closely monitor, as some of the existing graphs and data indicate more upward trend.
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The outbreak of the long -term barrier
According to Chart Watters on X, Dogecoin has cleared the descending trend line has been set since January 2025. This line has fell to other marches about $ 0.43, $ 0.19 and $ 0.16. Now, with the trading of prices over it, some see a new ground Doug’s work.
Ichimoku cloud turns support
Based on data, Ichimoku cloud The climb turned. After the price moves over the cloud, the green period settled over the red color. For many merchants, this transformation converts once it was resistant to a future climbing pillow.
Fibonacci levels higher
Analysts also drew Fibonacci accessories on this last step. The level of 1.619 is located at $ 0.69 and a level of 2.0 at $ 0.81. If Dogecoin follows this path, these lines can mark the keys on the road up.
$ Doge 1D – DOGECOIN’s technical goal is the green box with this daily penetration.
I call $ 1 $ Doge Because I think it will extend to this psychological level.
All this happens by the end of summer, IMO. pic.twitter.com/v3rvmre1hr
Chris (Stonkchris) May 13, 2025
Expectations put $ 1 at hand
An independent analyst set a timetable for Dogly to one dollar through the “end of summer” this year. This will require a significant increase of 320 % of its current price of $ 0.2317. If this happens, the market value may be enlarged to approximately $ 150 billion, up from about 34.5 billion dollars today. The roof of the Duji market has increased by 3.4 % over the past 24 hours alone.
Implementing the network activity
On -chain numbers returns to the duct. New addresses rose more than 100 % a week, active wallets increased by 110 %, and zero detention titles jumped by 154 %. These moves hint on the increasing interest of retail and the broader participation behind the fast deals.
Future traders remain busy
At the same time, futures are open to Dokwin It rose from $ 989 million to $ 1.62 billion. This is a strong transformation compared to central February to April, when the price of Heat and Doge rose in the future. Now, the open interest in climbing continues despite the decline from $ 0.25 to about $ 0.22.
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Other voices look forward to a $ 1 sign
Studies have shown last year that Dogecoin could reach one dollar and pay his market nearly $ 100 billion in 2025. The other market observer has followed a cup and a form since 2021, and uses it to show the price of the price of $ 0.80.
What does this mean for merchants
It is clear that the momentum is built, but history warns against moving away. The trend lines can be broken on a low size and bounced in place. Fibonacci levels offer guidance, not guarantees. The nails sometimes come from short -term robots or washing circulation.
However, a clear step over these technical obstacles can open the door to greater fluctuations. Risk management is still decisive.
Distinctive image from Unsplash, tradingvief chart
