Dogecoin

bullish

<p>Dogecoin price has slipped amid a broader market downturn, but technical analysts point to a golden cross on the weekly chart.</p><p>This pattern, paired with bullish derivatives data and Fibonacci-based projections, suggests that DOGE price could soon attempt a breakout above $0.22 resistance.</p><p>If successful, targets between $0.4355 and $1.179 are possible to emerge within the next bullish cycle.</p><h2 class="wp-block-heading" id="h-dogecoin-price-forms-weekly-golden-cross"><strong>Dogecoin Price Forms Weekly Golden Cross</strong></h2><p>The latest technical setup has placed Dogecoin price in a potentially explosive position. According to analyst Kamran Asghar, DOGE price is nearing<a href="https://x.com/Karman_1s/status/1935748151891091842" rel="noopener noreferrer nofollow"> a golden cross</a> on the weekly chart, with the 10-week simple moving average (SMA) about to cross above the 20-week SMA.</p><p>In the past, this cross has resulted in huge Dogecoin rallies of 232% and 313%.</p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="680" height="572" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/06/image-823.png" alt="" class="wp-image-1393244"><figcaption class="wp-element-caption"> Source: Kamran Asghar, X </figcaption></figure></div><p>Currently trading at $0.16, Dogecoin price is consolidating just below the $0.22 level. Analysts agreed that this zone represents a key barrier.</p><p>A breakout beyond it would validate bullish continuation and allow higher targets to be reached. Waleed Ahmed highlighted $0.22 on the chart as <a href="https://x.com/Waleedahmed234/status/1936031876465975580" rel="noopener noreferrer nofollow">the last hurdle</a> before all-time highs.</p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="1006" height="525" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/06/image-822.png" alt="" class="wp-image-1393238"><figcaption class="wp-element-caption"> Source: Waleed Ahmed, X </figcaption></figure></div><p>The Golden cross patterns are not common at the high timeframes and are usually a sign of good long-term potential. A series of higher lows in the weekly chart has helped to support the setup, pointing to the fact that momentum is slowly beginning to favor the bulls.</p><h2 class="wp-block-heading" id="h-fibonacci-price-targets-at-0-4355-and-1-179"><strong>Fibonacci Price Targets at $0.4355 and $1.179</strong></h2><p>Analyst Surf posted a monthly Dogecoin chart <a href="https://x.com/_CryptoSurf/status/1936031282212774127" rel="noopener noreferrer nofollow">highlighting</a> key Fibonacci extension levels. In his analysis, he revealed that the 1.618 extension aligns with a target of $0.4355, whereas the 2.618 level is expected to rally to $1.179.</p><p>These levels are dependent upon the impulse wave and retracement structure of the past cycle.</p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="680" height="328" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/06/image-821.png" alt="" class="wp-image-1393232"><figcaption class="wp-element-caption"> Source: Surf, X </figcaption></figure></div><p>However, Dogecoin price must first clear the $0.22 resistance before these targets can be considered realistic. The monthly candles, however, exhibit a strengthening market structure in the form of consistently higher lows.</p><p>If the <a href="https://www.thecoinrepublic.com/2025/06/18/dogecoin-price-eyes-massive-260-move-could-1-25-become-a-reality/" rel="noopener noreferrer nofollow">top meme coin</a> manages to surpass the $0.22 level and back the breakout with volume, the Fibonacci path would be valid as a fundamental reference of long-term profits.</p><p>Consequently, historical price action supports this. The last time Dogecoin price broke its local resistance in 2021, it surged by over 800% within weeks.</p><p>Although such gains cannot be guaranteed, there are indications that the same patterns in terms of structures are happening again.</p><h2 class="wp-block-heading" id="h-derivatives-metrics-support-bullish-continuation"><strong>Derivatives Metrics Support Bullish Continuation</strong></h2><p>Derivatives and on-chain data confirm the rise in interest in long positions. According to <a href="https://www.coinglass.com/currencies/DOGE" rel="noopener noreferrer nofollow">Coinglass data</a>, Dogecoin open interest has risen by 1.75% to $1.82 billion.</p><p>The implication is that capital is being reversed into DOGE contracts on exchanges such as Binance and OKX.</p><p>Long/short ratios have become notably skewed toward longs. On Binance, the ratio stands at 2.89 for DOGE/USDT. On OKX, it is even higher at 3.65.</p><p>These numbers demonstrate that most traders are attempting to place in an upward movement and not downside risk.</p><div class="wp-block-image"><figure class="aligncenter size-large"><img width="1024" height="529" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/06/image-820-1024x529.png" alt="" class="wp-image-1393226"><figcaption class="wp-element-caption"> Source: Coinglass </figcaption></figure></div><p>Moreover, the volume of options increased by 578%, signifying an escalation of speculative demands. Even though the options open interest was reduced by 75%, it might indicate that traders are adopting directional trading strategies involving fewer hedges.</p><p>Collectively, these figures provide a robust argument that sentiment correlates with a bullish technical outlook.</p><p>Funding rates are also fairly neutral, meaning that leverage levels are not quite overstretched. This will improve the conditions of a long-term rally because the probability of forced liquidations within a short period is minimal.</p><h2 class="wp-block-heading" id="h-dogecoin-price-must-break-0-22-to-confirm-bullish-momentum"><strong>Dogecoin Price Must Break $0.22 to Confirm Bullish Momentum</strong></h2><p>For the current bullish setup to play out,<a href="https://www.thecoinrepublic.com/2025/06/19/dogecoin-price-prediction-60-breakout-5-target-how-soon/" rel="noopener noreferrer nofollow"> Dogecoin price</a> must hold above the $0.16 support. The level has been serving as a demand zone for weeks. Any breakdown below it would bust numerous bullish designs, such as golden cross and wedge formations.</p><p>Nevertheless, in case DOGE manages to move above the resistance of $0.22 on the weekly or monthly time-frame, analysts predict the price to accelerate to the next target of $0.35 and then to the all-time high of $0.73.</p><p>Then the attention would turn to the Fibonacci sets of $0.4355 and $1.179, especially should the overall market sentiment increase.</p><p>The post <a href="https://www.thecoinrepublic.com/2025/06/22/will-this-push-dogecoin-price-eyes-break-past-0-22/" rel="noopener noreferrer nofollow">Will This Push Dogecoin Price Past $0.22?</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Will This Push Dogecoin Price Past $0.22?

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