Why Dogecoin Could Surge 60% : Key Signals Point to a Breakout

Analysts predict a potential 60% surge for Dogecoin in the upcoming days as daily active addresses on the DOGE network hit a one-month high, indicating renewed investor interest.

Written by Gaston Cuny

Translated on June 20, 2025 at 17:35 by Sarah

Copié

Dogecoin : A Bullish Trend in Formation

According to crypto analyst Ali Martinez, Dogecoin could see a 60% increase if it manages to break above the resistance of a symmetrical triangle pattern. This chart pattern indicates the formation of a triangle, and a bullish breakout would signal a significant price surge, potentially reaching $0.35.

#Dogecoin $DOGE looks prime for a 60% price move! All you need to do is wait for a daily close outside of the $0.16 to $0.22 range to determine the direction of the trend.

So go to @coinexcom, sign up using my referral link https://t.co/73n8mWavUX, and join me in this trade! pic.twitter.com/Im27DBuBka
— Ali (@ali_charts) June 19, 2025

However, it is essential to note that a symmetrical triangle is not always a bullish signal. It will depend on the direction the price takes after the pattern breakout, whether it surpasses the resistance or breaks the support.

On the 4-hour chart, a bearish trend is currently evident but could weaken. If the RSI indicator crosses above 50, it would indicate a resurgence of bullish momentum. Additionally, the AO histogram bars show a downward trend in sellers, which could kickstart a strong upward movement in line with Martinez’s estimation.

Record Activity on the DOGE Network

Dogecoin traders could be gearing up for a significant development following a surge in the number of daily active addresses, signaling increased interest from users and investors. This more than 110% surge in two days, reaching over 140,000 active addresses, is a positive indicator for Dogecoin’s future price progression.

Dogecoin is at a critical juncture where a potential 60% breakthrough is expected due to the rise in active addresses and an imminent bullish momentum. For cryptocurrency investors and enthusiasts, closely monitoring the evolution of DOGE could prove very interesting in the coming days.

More on this topic :

Gaston Cuny

Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.

DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.

DISCLAIMER

This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.

InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.