Dogecoin (DOGE) recently delivered a powerful rally, jumping from $0.1994 to nearly $0.29 within a single week. The surge, which peaked on July 21, marked a 45% move. However, the meme coin has since corrected and currently trades around $0.26.
Despite the dip, analysts remain bullish on Dogecoin’s trajectory, especially if it holds above a critical price region.
Bitcoin Analyst Highlights $0.25 as Strategic DOGE Entry
Lark Davis, a prominent Bitcoin advocate with over 1.4 million followers on X, pinpointed a key Dogecoin support level between $0.245 and $0.255. He shared a chart identifying the zone as a former resistance that DOGE successfully flipped into support during its recent breakout.
Davis believes this price range, especially the $0.25 mark, now presents a low-risk reentry opportunity for investors who missed the rally.
“This zone could act as a springboard,” Davis said, indicating that strong support at this level could trigger a fresh upward move.
DOGE Still Has Room to Catch Up
Although Dogecoin impressed with its recent five-month high of $0.2868, Davis noted that it still lags behind its peers, such as Ethereum and XRP, in year-to-date performance. Ethereum has gained 10.3% and XRP has soared 66.7% in 2025. Meanwhile, DOGE is still down 17.6% since the start of the year.
However, Davis believes DOGE could close this gap. If the $0.25 support holds, he forecasts a rally to $0.48, an 84.26% increase from the current price of $0.2605.
While DOGE lags behind in yearly gains, its monthly momentum tells a different story. Over the last 30 days, Dogecoin’s price has surged 67%, outperforming Ethereum’s 63.1% and closing in on XRP’s 71% rise.
This short-term strength reinforces the potential for further upside, especially if DOGE maintains support above the $0.245 zone.
Related article: Dogecoin Sets Stage for Explosive 86% Rally After Retesting Key 146-Day Channel
Analysts Set Eyes on Higher Targets
Bullish sentiment continues to grow in the Dogecoin community. Technical analyst MangoMan4 recently highlighted a bullish formation on DOGE’s weekly chart, suggesting the coin could reach a new all-time high of $0.85.
This prediction surpasses Dogecoin’s previous peak of $0.73 by 16.43%. Other analysts have floated even more aggressive targets, including the $1 to $5 range, further amplifying investor interest.
If DOGE stabilizes above $0.25, a major catch-up rally could be underway. With influential analysts backing the move and investor sentiment turning bullish, Dogecoin could be on track for a breakout run, potentially reaching $0.48 or even surpassing it.
