- Dogecoin shows bullish momentum with RSI nearing 70 and MACD flashing a buy signal.
- Market speculators favor DOGE staying between $0.12 and $0.14 this month.
- Analyst eyes $4 DOGE target, citing fractal pattern from 2021 bull run breakout.
Dogecoin (DOGE), once considered a meme coin, is quickly capturing serious investor attention as it trades at $0.2015. With bullish indicators lining up and market speculation intensifying, many are now reassessing Dogecoin’s short-term potential.
Market Sentiment: Rangebound or Ready to Surge?
According to current speculative data, the $0.14 price point holds the highest probability at 23%. This marks a significant 12% increase in confidence compared to earlier assessments.
The next most likely outcome is $0.12 with a 19% probability, though its likelihood has declined slightly. These figures highlight a concentration of trader activity around the $0.12 to $0.14 price range. Moreover, options such as $0.06 or $0.38 hold only a 1% chance each, reinforcing the belief that drastic moves are unlikely at least for now.
Traders can speculate using “Yes” or “No” contracts. For instance, a “Yes” contract for DOGE reaching $0.14 currently trades at 45¢. In contrast, a “Yes” for a $0.38 outcome is priced at just 1.5¢, suggesting that few expect a major spike this month.
Technical Signals Indicate Upward Momentum
Despite market caution, indicators such as the MACD and RSI hint at growing bullish momentum. The MACD histogram is slightly positive, with a recent crossover signaling potential upside. Meanwhile, the RSI stands at 65.98, closing in on the overbought threshold of 70. This shows strong recent buying activity and increasing investor confidence.
Additionally, Dogecoin has seen a 22.25% gain over the past week, with its market cap rising to $30.23 billion. With a 24-hour trading volume exceeding $10.6 billion, liquidity remains high, supporting potential price movements.
Analyst Bold Projection: DOGE to $4?
Crypto analyst Shibo suggests that Dogecoin could be heading toward a dramatic breakout. He points to historical fractals and previous post-halving rallies.
According to his analysis, DOGE has broken out of a long-term descending trendline just as it did before its 2021 surge. If this pattern repeats, a target as high as $4 could materialize.
Key levels to watch include $0.13 as support and $0.35 as resistance. Beyond that lies price discovery, where anything is possible. Though speculative, Shibo’s model gives DOGE bulls a bold narrative to watch.
Looking Ahead
Coincodex prediction for December 2025 place DOGE between $0.2128 and $0.2276, offering modest gains. However, short-term signals are more volatile. Whether Dogecoin remains rangebound or breaks out remains uncertain.
