Dogecoin\u2019s price swung sharply higher last week, jumping from under $0.169 on May 8 to just over $0.248 by May 12. That\u2019s a 35% gain in seven days. Traders and investors are watching closely, as some charts and on\u2011chain data point to more upside ahead.<\/p>\n
According to chart watchers on X, Dogecoin cleared a descending trendline that\u2019s been capping gains since January 2025. That line had knocked back rallies around $0.43, $0.19 and $0.16. Now, with prices trading above it, some see a fresh floor under DOGE\u2019s price action.<\/a><\/p>\n Based on data, the Ichimoku cloud<\/a> has flipped bullish. After the price moved above the cloud, the green span settled above the red. For many traders, that shift turns what was once resistance into a cushion for future climbs.<\/p>\n Fibonacci Levels Point Higher<\/strong><\/p>\n Analysts have also plotted Fibonacci extensions on the recent move. The 1.619 level sits at $0.69 and the 2.0 level at $0.81. If Dogecoin follows that path, these lines could mark key stopovers on the road up.<\/p>\n $DOGE<\/a> 1D \u2013 The technical fib target for Dogecoin is the green box above with this daily breakout occuring.<\/p>\n I\u2019m calling for $1 $DOGE<\/a> because I think it will extend higher to that psych level.<\/p>\n All of this happens by the end of summer, imo. pic.twitter.com\/V3rvmre1HR<\/a><\/p>\nIchimoku Cloud Turns Support<\/strong><\/h2>\n