The price of DOGE could increase by 82% – The target of $0.35 is near.

Dogecoin (DOGE) is gradually rising again. After reclaiming the $0.19 mark, traders are following closely. The price is breaking through resistance levels and if the upward momentum is maintained, the next target could be $0.35 – equivalent to an 82% increase from the current level.

However, it is not only the technical charts that are driving this rally. On-chain data and user metrics indicate that more and more people are holding and using Dogecoin.

On-chain activity: The usage of DOGE is increasing again

One of the main reasons for the recent price volatility of Dogecoin is the increase in network activity. The number of active addresses daily – a metric that follows the number of wallets sending or receiving Dogecoin – has shown a recovery since the end of June.

When Dogecoin is actually used on-chain rather than just being hodl or traded, it reflects the true level of interest from users.

The price of DOGE and the active address | Source: SantimentThe Santiment chart shows that strong increases in wallet activity often occur before major price fluctuations. In the past 10 days, the orange bars – representing the number of active wallets – have started to rise again, although the increase is still quite modest. While not as strong as the peak in October 2024, this pattern looks quite similar.

If the trend continues, the price of DOGE could follow a similar surge as at the end of 2024.

Number of holders: Wallets holding DOGE increase sharply

Dogecoin is not only used more but also held for a longer period. According to data from Santiment, the total number of holders has now reached 7.96 million – the highest level since January 2025.

The number of holders is increasing | Source: SantimentWhen there are more wallets holding DOGE and not selling, the supply on exchanges will decrease. A decrease in supply while demand increases often leads to a price increase. This can be seen as a simplified version of the DOGE flow leaving the exchange.

Increasing the number of holders steadily even when prices drop indicates strong confidence from the community.

Predictions on X are booming

In the Dogecoin-loving community, a prediction is attracting a lot of attention. Analyst Maher recently shared a chart on platform X, predicting that DOGE could rise to as much as 0.77 dollars or even 1.16 dollars by September 2025.

Your confidence is based on the price pattern observed from March to December 2024 – a period ending with a strong breakout.

The 196-day structure seems to be repeating, this time starting from the beginning of July 2025.

Price Analysis of DOGE | Source: MaherAccording to Maher's chart, DOGE is currently in the final stage of the compression pattern and may be preparing for a decisive upward move.

He pointed out three important horizontal resistance levels, starting from $0.25, then $0.77, and finally $1.16. These levels are not random, but coincide with previous peaks in earlier bullish cycles. If the pattern continues to hold, traders expect a breakout that could further accelerate the upward momentum.

However, it should be noted that not all analysts agree with this level of optimism.

Price Analysis DOGE:** Fibonacci indicates a target of 0.351 dollars

Through the analysis of the current DOGE price chart, based on the Fibonacci extension tool according to the trend, we can see some important resistance levels:

The actual DOGE price target | Source: TradingViewCurrently, the price of DOGE is fluctuating around $0.19, at the Fibonacci level of 0.382. If it surpasses the 0.207 dollar mark, this memecoin could break the downtrend line (marked by the diagonal dotted line)and head towards the $0.258 region or higher.

However, if the price slips below 0.183 or 0.175 dollars, the bullish pattern may be invalidated, leading to a deeper decline.

Dinh Dinh