Dogecoin Breaks Years-Long Trend, Analysts Predict a 200% Rise to $0.65

Dogecoin has once again drawn attention from investors as some analysts forecast a bullish trend, aiming for a potential price surge to $0.65. This meme-inspired cryptocurrency has recently escaped a long-standing falling wedge pattern, signaling the possibility of reversing its multi-year bearish structure. This technical breakthrough, along with strong on-chain activity, paints an optimistic picture for the short term and long term prospects of DOGE. The price of DOGE has broken through the main resistance level heading towards a multi-year high. According to cryptocurrency analyst Javon Marks, the breakout of Dogecoin above the resistance trend line from the peak in 2021 confirms a change in market structure. Marks has set a bullish price target of $0.6533, marking an increase of 200.79% from the current DOGE level of $0.2172. He emphasizes that the strong support level of DOGE around $0.16 is crucial for maintaining the upward trend. This breakthrough puts this token on the right track to potentially test the all-time high of $0.74 and even surpass this level if the bullish momentum continues. Resistance level: $0.25–$0.26 holds the key Despite the significant breakthrough, Dogecoin is currently struggling with a strong resistance zone between $0.25 and $0.26, a level that has acted as both support and resistance over the past few quarters. Historical data shows that DOGE has failed to surpass this level multiple times, with a notable attempt in May 2025 stalling at $0.24. Analyst Ali Martinez believes that a decisive move beyond this resistance level could pave the way for significant advances and lead to higher targets such as $0.3757, $0.4884, and $0.6160, according to Rose Premium Signals. The On-Chain index signals a strong bullish sentiment. Data from IntoTheBlock supports the bullish case. Just considering the past week: New addresses increased by 102.40% Active addresses increased by 111.32% Addresses with zero balance increased by 155.38% These figures indicate the growing interest of users and increased trading activity on the Dogecoin network. Traditionally, such spikes in on-chain activity often occur before bullish runs, suggesting that the market may be preparing for another bullish phase. Bullish technical patterns confirm the establishment. An inverse head and shoulders breakout has been confirmed, as highlighted by Bitcoinsensus, adding to the bullish sentiment. DOGE has surpassed both the neckline and the resistance trend line. If this trend line holds during the retest, a surge towards the supply area of $0.43 may soon occur. Analysts also point out a historical price pattern observed between 2014 and 2018. Dogecoin has bounced twice from the lower boundary of the long term bullish channel. If this fractal repeats, DOGE could see a short term rise to $0.29, corresponding to a 30% increase from the current level. Risk management and outlook While bullish forecasts dominate, risk management remains a crucial factor. Rose Premium Signals recommends setting a stop loss at $0.14 to manage potential downturns in this volatile market. Immediate support levels are recorded at $0.21 and $0.22, which are critical for maintaining a bullish structure. Final thoughts With the technical breakthrough, increasing on-chain participation, and relevant historical patterns, Dogecoin seems to be in a good position for a major bullish run. A breakout above $0.26 could trigger accelerated price movement, potentially setting the stage for the next meme coin frenzy.