Dogecoin Bounces From 600-Day Trendline Again, Here’s Why Analysts Are Targeting $0.30 to $0.35 in July

Dogecoin appears to be repeating its established three-month upward surge, followed by a five-month pullback cycle, hinting at a possible bullish trend in July.

DOGE has rebounded from a significant 600-day ascending trendline, with analysts setting near-term price targets between $0.30 and $0.35.

Breakout patterns, including an ascending wedge and an inverse Head and Shoulders formation, further bolster the possibility of a rally towards $1.10.

Dogecoin is exhibiting behavior consistent with its historical price cycle, characterized by a three-month rally succeeded by a five-month correction. This pattern has been observed repeatedly over the past two years, and current chart formations indicate a potential recurrence. Traders are closely monitoring price action to determine if DOGE will adhere to this trend into July.

Historical Price Cycle Suggests Upward Momentum

Analysis suggests that Dogecoin's current market structure mirrors past price movements. The cycle of a three-month pump followed by a five-month pullback has been a recurring theme.

The most recent five-month correction concluded in May 2025, potentially positioning the current phase as the beginning of another upward cycle. The DOGE/USD chart on a 3-day timeframe demonstrates consistent rebounds from a rising trendline that has remained intact for over 600 days.

This long-term support level has consistently served as a foundation for rallies. Should the cycle persist, Dogecoin could experience gains throughout June and July. Analysts have identified $0.30 to $0.35 as potential targets during this upward phase, based on historical cycle data.

Technical Setup Aligns With Breakout Indicators

Dogecoin is currently trading within a large ascending wedge and has recently bounced off the wedge's support. Historically, similar bounces have triggered rallies of 290% and 440%.

If this pattern repeats, the projected move could propel DOGE towards $1.10 in the coming months. Other chart patterns, such as the Inverse Head and Shoulders formation on the daily chart, also indicate potential trend reversals.

The neckline around $0.17 has been successfully breached and retested. Increased trading volume, coupled with this structural breakout, strengthens the argument for continued upward movement. As it stands, Dogecoin is in a phase where historical and technical patterns suggest the potential for further gains.