Dogecoin Surpasses 0.20 USD: Is a 30% Price Rise Coming?

Dogecoin (DOGE) has just surpassed the important psychological level of 0.20 dollars, and both the hourly and daily charts indicate that this move may not be a fluke. The price of Dogecoin seems to be breaking away from the consolidation phase, potentially setting itself up for a strong move towards the range of 0.26–0.28 dollars in the coming days. Let's dive deeper into the charts to understand why this breakout could be just the beginning. Dogecoin price prediction: What does the hourly chart reveal?

The 1-hour Heikin Ashi chart shows that the price of DOGE has recently broken through the local resistance level at $0.20 with upward momentum. This level has acted as a ceiling for several days, and the breakout is supported by higher lows, forming a rising triangle—one of the most bullish setups for the day. The (20, 50, 100, 200 SMA) Ribbon (MA) moving averages are now stacked in bullish order with the 20 SMA at $0.195 and the lower 200 SMA at $0.187. This alignment confirms the short-term uptrend. The price is currently hovering around the $0.203 level with low selling pressure and a strong Heikin Ashi green candle, hinting that the bulls are in control. Additionally, the Fibonacci retracement levels from the recent high around $0.21 to the low near $0.18 indicate that DOGE has reclaimed the golden zone of 0.618 and is currently testing the 0.786 level, which is often a launchpad for acceleration moves. If this breakthrough is maintained, the next resistance level for Dogecoin's price is around $0.21. A clear breakout above that level could trigger a rapid price increase to $0.23 and even $0.26. Daily chart analysis: Is the overall picture shifting to a bullish trend?

The daily chart supports the short-term uptrend. The price of DOGE has increased by +2.78% today and has reclaimed the 50-day SMA, currently at around $0.2017. This is significant because the 50-day SMA has acted as a dynamic resistance level over the past few weeks. Moreover, the price of Dogecoin is forming a short-term double bottom with support near $0.16 and the neckline at $0.203 currently being tested. If DOGE closes a daily candle above this neckline, the classic double bottom pattern will target around $0.25. Volatility is measured as follows: Target = Neckline + (Neckline – Bottom) Target = $0.203 + ($0.203 - $0.16) = $0.203 + $0.043 = $0.246 This number is about 22.5% higher than the current level. Adding fuel to the fire, the 20-day SMA has risen and crossed above the 100-day SMA—a medium-term bullish crossover. The 200-day SMA still stands higher at $0.2589 and could serve as the ultimate bullish target if the upward momentum continues. Dogecoin price prediction: Can DOGE reach $0.26 in June? Based on the hourly uptrend structure and daily breakout confirmation, the price of DOGE seems poised to target $0.25–0.26 in the next 7–10 days, provided Bitcoin stays above the key support level and market sentiment remains positive. Assuming that the breakthrough is maintained and the volume increases, then the following path seems realistic: Small resistance at $0.21 Bullish breakout to $0.23 ( short-term Fibonacci expansion ) The final bullish target is $0.25–$0.26 ( double bottom target + 200-day SMA ) From the current price of $0.203, an increase to $0.26 would correspond to a 28% increase. Finally The Dogecoin price is showing strong bullish signals on both the lower timeframe and the daily chart. The reclaim of $0.20 is not just a number—it breaks down psychological barriers, confirms the reversal structure, and attracts new technical buyers. With the momentum and the main moving averages inverting, DOGE may be preparing for a multi-week bull run. But as usual, keep an eye on the confirmed daily closing level above $0.21 and pay attention to Bitcoin. If the overall market remains stable, Dogecoin may surprise again—this time with a 30% increase.