Dogecoin Update: Slight Gain Amid Low Volume

Dogecoin edged up slightly to $0.17 on Friday, gaining 1.0% in the last 24 hours. However, trading has thinned out this week, resulting in almost a 3% slip over the past seven days.

Trading Volume Drop Signals Caution

On-chain data indicates a slump in daily volume shows fewer traders are entering the market. This 34% slide in activity suggests a loss of momentum. Market watchers note that low volume often leads to whipsaws, where modest buys or sells can cause sharp price changes.

> #Dogecoin $DOGE looks prime for a 60% price move! All you need to do is wait for a daily close outside of the $0.16 to $0.22 range to determine the direction of the trend.
>
> So go to @coinexcom, sign up using my referral link here, and join me in this trade!
>
> — Ali (@ali_charts) June 19, 2025

Triangle Pattern Points To Imminent Breakout

Current charts show Dogecoin is forming a symmetrical triangle with lower highs and higher lows as trendlines converge. According to crypto analyst Ali, this narrowing range usually precedes a significant move. He suggests that the tip of the triangle will arrive by June 2025, marking a potential spike in volatility.

DOGE Bulls Eye Breakout

Ali’s analysis indicates that a close above $0.22 likely signals a bullish breakout, predicting Dogecoin could rise to approximately $0.35 or $0.36—about 60% higher than current levels. Conversely, a drop below $0.16 might incite a sell-off towards $0.10, prompting investors to decide whether to buy or cut losses.

DOGE Price Forecast

Digital Coin Price forecasts a positive outlook, expecting Dogecoin could exceed $0.37 before year-end and potentially retest its previous high of $0.74.

Market Catalysts Could Tip The Scales

Dogecoin’s price movements often reflect the broader crypto space or social media trends. A surge in Bitcoin or Ethereum could drive DOGE higher, while a market-wide sell-off might worsen losses. Traders also monitor endorsements from notable figures and major exchange listings.

For now, patience is key; traders will watch for volume to confirm any movements above $0.22 or below $0.16. Until then, expect choppy, range-bound trading.

The upcoming weeks will be crucial as the symmetrical triangle tightens. Increased trading volume could provide Dogecoin with a decisive direction—either a substantial rally or a deeper correction.

Featured image from Imagen, chart from TradingView