Is Dogecoin About to Make a Big Boom? The Target of 0.75 USD and Beyond Is in Sight

CryptoInsightUK, a cryptocurrency analyst, has promoted Dogecoin as one of the top altcoins currently, based on a clear weekly structure and a bullish ascending wedge pattern that is emerging, still dominating the price. He begins the article with a clear title—"My Top Altcoin Pick: DOGE"—and then presents the situation simply: "We have been actively trading Doge for about a week and a half, and I have shared updates with you every step of the way. Doge looks extremely bullish on the weekly timeframe, with the potential to close this week with a bullish engulfing candle if we can close above $0.241. That would be amazing." Why Dogecoin is the Top Altcoin Today The weekly DOGE/USDT chart shows that the price is entering a clearly defined supply zone, referred to as "Resistance" around the $0.27–$0.30 level, where the "Higher High" of July (, 0.287 dollars ) is placed. Below, the weekly bullish trendline has contained the price since mid-2023, currently tracking from above $0.16 to a low of $0.17, with a horizontal "Support" level near $0.13, aligned with the previous "Swing Low." The staircase "Swing Low → Higher → Higher Low → Higher High" marked on the chart remains intact.

The analyst links this structural pattern to a specific model roadmap. "We may also be forming an expanding ascending wedge pattern here, and the potential bullish target for this pattern could be as high as the all-time high of $0.75," he wrote. Expanding the forecast, he added: "If we extend this forecast even further, we could even argue that the Fibonacci extension level of 1.618 around the $1.17 level could come into play. Of course, we need to break through the resistance levels marked on the chart to see something similar," before placing the trade in the market context: "If the market continues as it is - Bitcoin dominance decreases and ETH continues its upward momentum - I don't think this is impossible for Doge." Momentum indicators show that there is still room for growth. On the chart, the weekly RSI indicator has risen from around 30, regaining the signal and is currently in the range between 50 and the low 60s—much lower than the overbought area that accompanied the previous increase. The analyst clearly emphasizes this runway: "Using RSI as an indicator, there is still significant room for growth before we enter the overbought zone, usually when things start to heat up." He also framed this setup within a higher time frame momentum structure: "Technically, Doge has gone through two significant momentum phases on the higher time frame, both establishing higher highs and higher lows. Now, we are looking for the third momentum." His position is also very important. "Looking at Doge as a top 10 cryptocurrency asset, we see that all other cryptocurrencies in the top 10, except for Cardano and Solana, have all reached their all-time highs... Doge is still lagging behind, and I believe that the big momentum has yet to come." When executing, he pointed to the lower time frame confirming the bias: "In the lower time frame, we see higher highs and higher lows, which indicates that momentum may have begun." This leads to the trading argument: "With all of this, this is an exciting time for altcoins and I believe that the risk-to-reward ratio of Dogecoin, especially considering its position as one of the top 10 assets, makes it an attractive trade even from the current level." Technical analysts are in agreement. In a brief community ping titled "Good Doge", the analyst reiterated levels and structures similar to the beginning of the week. Trader CRG explained the patient trading strategy: "There’s not much to update. The current price is low, has been accumulating for 6 months, and creating higher lows. DOGE will surge at some point, I have no doubt, just be patient." He summarized the reasoning behind this trading strategy with a screenshot captioned: "This is why we are in the $DOGE trading community." From here, the instant mechanical activation signal can be clearly seen on the chart: the weekly closing price above $0.241 will confirm the bullish trend currently being monitored by analysts at the gateway of the resistance level. A price breakout above the $0.27–0.30 range will reopen the path towards the area between $0.30 and the previous resistance zone from December last year when DOGE peaked above $0.48, while failing to maintain the bullish trend line will delay the move to the next support zones near $0.17 and $0.13.

As long as the higher low chain has not been broken, this wedge continues to create a reliable stepping stone towards the targets set by analysts, with $0.75 being the first historical milestone and the 1.618 extension at around $1.17 for full growth momentum.