DOGE price prediction: Breaking through the key resistance level, the next target may be $0.35

DOGE is slowly recovering, and after reclaiming the $0.19 level during the Asian session today (16th), traders are closely watching its trend. The price is breaking through the resistance level, and if the bullish momentum continues, the next target could be $0.35—an increase of 82% from the current level.

However, the driving force behind this wave of pump is not just the technical charts. On-chain data and user metrics show that more and more people are holding and using DOGE.

On-chain Activity: DOGE Usage Rises Again

One of the main reasons for the recent price surge of DOGE is the increase in network activity. Since the end of June, the number of daily active addresses (an indicator tracking the number of wallets sending or receiving DOGE) has been on the rise.

When DOGE is actually used on the chain rather than just held or traded, it reflects genuine user interest.

Santiment's charts show that a significant surge in wallet activity often precedes major price fluctuations. Over the past 10 days, the orange bar chart representing active wallets has begun to grow again, although the increase is not substantial. While it is not as strong as the peak in October 2024, the pattern is very similar.

If this trend continues, the price of DOGE may experience a pump similar to the end of 2024.

(Source: Santiment)

Number of Holders: The Number of DOGE Wallets Has Increased Significantly

DOGE not only sees an increase in usage, but also in the amount held. According to data from Santiment, the total number of DOGE holders has now reached 7.96 million, hitting the highest level since January 2025.

When more wallets hold DOGE and do not sell, the supply on exchanges decreases. A decrease in supply along with an increase in demand typically leads to a price pump. This can be seen as a simplified version of DOGE outflow.

Even with the price decline, the number of holders continues to increase steadily, demonstrating strong community confidence.

(Source: Santiment)

Crypto Twitter Community Predicts: DOGE Explosive Growth

In the DOGE enthusiast community, a prediction is gaining widespread attention. Analyst Maher recently shared a chart on the X platform, predicting that by September 2025, the price of DOGE could rise to $0.77, or even $1.16.

His belief is based on the repeated price patterns observed from March to December 2024 - a period that ended with a strong breakout.

The same 196-day pattern seems to be repeating, this time starting from early July 2025.

According to the chart provided by Maher, DOGE is currently in the final phase of a compression pattern, possibly preparing for a decisive pump.

He pointed out three key resistance levels, firstly at $0.25, then at $0.77, and finally at $1.16. These levels are not coincidental but correspond to peaks in previous bullish market cycles. If this pattern continues, traders expect that a breakout will drive prices further up.

However, it is worth noting that not all analysts share this level of optimism.

(Source: X, Trading View)

DOGE Price Analysis

By analyzing the current DOGE price trend chart and using the trend-following Fibonacci extension tool, we can identify some important resistance levels:

First obstacle: $0.207

Next resistance levels: 0.222 USD and 0.244 USD

Maximum upward target: $0.351 (corresponding to 1.618 Fibonacci extension level)

Currently, the DOGE price is hovering around $0.19, at the 0.382 Fibonacci level. If it breaks above $0.207, DOGE may break through the downward trend line (as indicated by the dashed line in the chart) and move towards the $0.258 area and above.

However, if the price falls below 0.183 USD or 0.175 USD, the bullish pattern may fail, leading to a deeper decline.

(Source: Trading View)