Analysts strongly recommend DOGE as a top altcoin! Technically aiming for $0.75 and even $1.17.

Cryptocurrency analyst CryptoInsightUK recently stated that DOGE is his current favorite altcoin and has listed it as a "top altcoin recommendation." He noted that DOGE shows a clear bullish structure on the weekly chart and is forming a leading price movement expanding rising wedge. Once it breaks through the key resistance, it may trigger a significant pump.

Why Analysts Are Bullish on DOGE

(Source: Trading View)

CryptoInsightUK stated that he has been actively trading DOGE for one and a half weeks and continuously updating the community on his progress. He believes that if the closing price this week stands above 0.241 USD, it will confirm a bullish engulfing signal, laying the foundation for a subsequent breakout.

Resistance range: 0.27–0.30 USD (including July high point of 0.287 USD)

Support area: 0.16–0.17 USD trend line support, and 0.13 USD historical demand level

Structural characteristics: Since mid-2023, DOGE has maintained a stair-step upward pattern of "higher lows → higher highs".

Key Technical Structure

Form: Expanding Rising Wedge, potential upward target is $0.75 (historical high)

Extension target: If the market fully releases momentum, the 1.618 Fibonacci extension level corresponds to 1.17 USD.

Momentum Indicator:

1. The weekly RSI has rebounded from the 30 range to the 50-60 range, with ample space remaining from the overbought area.

2. There have been two significant impulses over the long term, both setting higher highs.

Potential Target Price and Market Background

Analysts point out that DOGE, as one of the top ten Crypto Assets, differs from Cardano (ADA) and Solana (SOL) in that its price has not yet reached a historical high, indicating that the main driving force has yet to be unleashed.

If Bitcoin (BTC)'s dominance declines and funds flow into the altcoin market, DOGE is expected to benefit from the capital rotation.

Peer Perspectives and Trading Strategies

(Source: Trading View)

Another trader, CRG, also mentioned in the community that DOGE has been consolidating for 6 months and has created higher lows, patiently waiting for the moment of "full rise."

Short-term trigger points:

Weekly closing price breaks 0.241 USD → Confirm bullish engulfing pattern

Breakthrough 0.27–0.30 USD resistance → Opens the channel to 0.48 USD and higher price levels

Risk control: If it breaks below the rising trend line, it may test the demand zone at $0.17 or even $0.13.

Conclusion and Market Outlook

As long as DOGE maintains a series of higher lows and holds key support, the expanding rising wedge will continue to serve as a strong launching pad for the upward movement.

CryptoInsightUK's target price is $0.75, and under conditions of full momentum release, $1.17 is not out of reach either.

For altcoin investors seeking high-risk return ratios, DOGE may be at the starting point of a new market cycle.