Some analysts project that dogecoin (DOGE) could reach $0.26 by the end of August, representing a 16.6% increase from current levels. Others forecast a surge to $1.09 if it repeats past breakout patterns, with longer-term targets potentially reaching as high as $4 before a possible retracement below $1.

While these forecasts, particularly the initial one, are supported by notable whale accumulation and a high greed index, Curt Hopkins, CEO of MCQ Markets, urges caution due to the inherent volatility that often typifies memecoins. However, Hopkins assesses that if the digital asset were to indeed breach the $0.26 mark, a push toward $0.46 would become a possibility.

“Technical analysis highlights $0.26 as a key resistance. A breakout above this level could push DOGE toward $0.46, with further resistance at $0.30 and $0.36. Large holders have recently accumulated DOGE, signaling potential for a bullish move if momentum increases,” Hopkins explained.

According to the MCQ Markets CEO, the digital asset has broken a four-year third-quarter losing streak, gaining 52.4% in the second quarter and absorbing significant market inflows. Nevertheless, the CEO warns DOGE’s momentum may be waning as it approaches $0.25 resistance, “with a $0.30 target seen as less likely without renewed buying pressure.”

Analysis of Coingecko data reveals a volatile trajectory for DOGE in July. The digital asset opened the month trading marginally above $0.165, climbing to establish a local peak of $0.283 on July 21. However, this upward trajectory was unsustainable, leading to a subsequent downward correction that saw DOGE recede to $0.22 by July 30 (12:22 p.m. EDT). While the asset retains a significant 34% gain over the 30-day period, its current valuation represents a considerable retraction from its previous strong performance, sitting just under 50% of its December 9 high of $0.466, highlighting ongoing market re-evaluation.

Yet, despite the digital asset trending downward and being significantly lower than it was in December 2024, its proponents like social media user KALEO believe it’s on course to hit another all-time high. More conservative analysts see it ranging between $0.33 and $0.40 for the rest of 2025, with a near-term target of $0.31. Meanwhile, Hopkins predicts DOGE to surpass the $1 mark if bulls dominate.

“A bullish scenario could see DOGE surge to $0.65 or even $1.25 if key technical levels are broken and market sentiment remains positive,” the CEO asserted.

Despite these bullish forecasts, Hopkins reiterated his warning about the high volatility and the speculative nature of memecoins, all of which call for careful risk management.

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