DOGE climbed above $0.31 for the first time since mid‑June
Dogecoin’s price surged last week, gaining nearly 40% over seven days, with the bulk of that rise occurring over the weekend as the token pushed above $0.30 and reached weekly highs near $0.34.
In the past 24 hours, the original meme coin has jumped about 16%. If bullish momentum and market interest continue, DOGE/USD could target higher levels this week, with $0.40 a possible milestone if the rally persists.
At the time of writing, Dogecoin appears poised to rebound after some profit‑taking earlier today, which briefly pulled prices down to approximately $0.29.
Market data from CoinGecko shows daily trading volume has climbed above $6 billion, while a market capitalization of about $43.6 billion places Dogecoin as the seventh‑ranked cryptocurrency with roughly 2.09% market dominance.
Dogecoin price outlook
Over the weekend, Dogecoin broke out of an ascending symmetrical pattern and surged higher before trimming some gains, as visible on the 4‑hour chart. That move allowed DOGE to clear the $0.31 resistance level for the first time since mid‑June.
DOGE/USD 4‑hour chart. Source: TradingView
From a technical perspective, the 61.8% Fibonacci retracement of the move from the swing low near $0.16 now offers support around $0.34. If buyers maintain control and momentum indicators such as the RSI and MACD remain constructive, the 78.6% Fibonacci level could be the next upside target near $0.38.
Beyond that, bulls may aim for the round number at $0.40 and, if momentum extends, the $0.45 area.
On the downside, support is expected around the 20‑day exponential moving average and the 50% Fibonacci retracement level, both of which sit near $0.30 at present. These levels should be monitored for signs of renewed buying interest or a deeper pullback.