In recent months, Dogecoin has shown signs of volatility but has yet to establish a strong upward trend. Currently hovering around the $0.18 mark, it has struggled to maintain momentum, especially after a rough start to June 2025. Nevertheless, there are encouraging signals that suggest a potential turning point for the popular meme coin.
Industry experts, including CEO Joao Wedson of Alphractal, are optimistic about Dogecoin’s future. According to Wedson, Dogecoin could soon embark on a significant price rally, potentially reviving interest among investors and enthusiasts alike.
Four Key Indicators Pointing to a Possible DOGE Surge
In a recent discussion on social media platform X, Wedson provided four compelling reasons why Dogecoin might be poised for a remarkable comeback.
- Significant Liquidation Levels: The 500-day Aggregated Liquidation Level highlights that around $350 million in liquidity was previously established near the $0.5 price point. Historical trends suggest that after substantial short positions accumulate, a price surge often follows.
- Crucial Technical Indicators: Dogecoin’s performance against Bitcoin is nearing a pivotal technical point. This pivotal support level has previously acted as a launchpad, facilitating significant upward movements during the 2021 rally.
- Signs of Market Recovery: The Meme Index, which tracks the performance of 16 notable meme coins, is displaying early signs of recovery after a harsh downturn, indicating that the market may be slowly rebound.
- Market Conditions Favorable for Growth: The total market capitalization for the meme coin segment has notably increased since 2021. With open interest remaining low at about $3.2 billion and daily trading volumes around $12 billion, analysts believe there is substantial room for upward movement.
Current Status of Dogecoin
At this moment, Dogecoin is trading close to $0.18, reflecting a slight gain of approximately 5% over the last 24 hours. However, this minor increase hasn’t significantly improved the altcoin’s performance in the past week, where it remains down over 10% according to CoinGecko.
