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Top Crypto Analyst Predicts Dogecoin Price Surge

Dogecoin (DOGE) price experienced a pullback on August 24, 2025, as the broader cryptocurrency market rally paused. This followed a 15% gain on August 22, driven by dovish comments from Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium, which hinted at potential interest rate cuts in September.

Despite the recent decline, Ali Martinez, a crypto analyst with over 152,000 followers on X, forecasts a 30% increase in DOGE price. Martinez cites a symmetrical triangle pattern on the four-hour chart, suggesting a breakout could push the price toward $0.30.

Dogecoin $DOGE is getting ready for a 30% price move! — Ali Martinez

Key Factors Supporting the Bullish Outlook

• Divergence with Futures Open Interest: DOGE futures open interest rose to $3.6 billion, indicating increased liquidity and demand even as the price fell, which is often a bullish signal.
• ETF Approval Optimism: Investors are hopeful for the approval of Dogecoin ETFs by the SEC from firms like Grayscale, Bitwise, and 21Shares later in 2025, which could drive adoption and price appreciation.

Technical Analysis of Dogecoin Price

On the daily chart, Dogecoin has been trading within an ascending channel since bottoming at $0.1315 in April 2025. It currently sits above the 50-day moving average and near the midpoint of this channel.

A break above the key resistance at $0.2440 could signal further upward movement, targeting the channel’s upper bound at $0.30. Conversely, a drop below the support level at $0.20 would negate the bullish scenario.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and carry risks; always conduct your own research.