Dogecoin (DOGE) price shows an increase that surpasses the $0.20 support area. The cryptocurrency market showed a minor recovery, which pushed DOGE to gain 15% over the past week. The meme currency shows potential for additional price appreciation as top traders predict that the DOGE price could climb to $8 in the near term.
Trader Says Dogecoin Price Will Soar to $8 After Breaking 3-Month Trendline
A recent analysis by a top trader indicates that the Dogecoin price broke above its descending trendline, which dates back three months. Since the cryptocurrency’s formation in January 2025, it has encountered descending pressure within its downward trendline.
The recent March 2025 price break represents an important development that has managed to spark widespread market interest.
Dogecoin price experienced a major price change, which might indicate the beginning of an upward movement in its market. Market participants maintain close observation of this upward trend because it indicates upcoming momentum within the coming weeks.
The leading trader just released his technical assessment which predicts Dogecoin (DOGE) will experience notable price fluctuation. According to his analysis the price movements in Dogecoin appeared as a bull pattern featuring two notable upward trends at periods in 2017 and 2023.
The market analyst anticipates Dogecoin price will experience another bullish phase that will potentially reach a value of $8. The analysis shows a persistence of upward market trends which suggests potential similar growth could happen soon.
How High Can DOGE Price Go In This Week?
The latest DOGE price hovered at $0.19643 as of March 26, 2025, showing signs of growth following a brief period of consolidation. The DOGE price fluctuated between the range of $0.15, and $0.2, and it has maintained a steady upward trajectory within a rising channel.
The analysis supported by the MACD indicator confirms a bullish stance through its positive histogram data while the signal line crosses. The market momentum remains with the buyer, which supports the expectation of an additional price rise.
The present trend shows signs of continuing due to an upward crossing of the zero line by the MACD indicator. The Relative Strength Index currently holds a value of 65, indicating DOGE is entering an overbought state.
Source: TradingView
The attention of traders focuses on the upcoming breakthrough of $0.20 resistance which might drive the price to $0.220.
The Dogecoin price prediction might use a potential rise above resistance to reach $0.25 during the current time period. Any major resistance encountered at the $0.20 price point might trigger a support shift toward $0.18.
The post Top Trader Says Dogecoin Price to Hit $8 After Breaking 3-Month Trendline appeared first on CoinGape.
