Here’s Why Dogecoin (DOGE) Price Will Hit $0.30 By July – Top Meme Coin to Buy Now?

Here’s Why Dogecoin (DOGE) Price Will Hit $0.30 By July – Top Meme Coin to Buy Now?

Dogecoin (CRYPTO:DOGE) is showing signs of life again, and one analyst is setting the stage for what could be a big move from the meme coin.

According to Ali Martinez (@ali_charts), DOGE could hit $0.30 by July if it manages to hold a key trendline that has been supporting its price since October 2024.

At the time of writing, Dogecoin is trading at $0.18. It’s currently sitting just above the 0.5 Fibonacci retracement level, which comes in at $0.165, and right on top of a long-term rising trendline that has been providing support for over half a year. This area has become a crucial support zone, and so far, the bulls are doing a good job defending it.

Ali’s weekly chart suggests a short-term dip toward $0.14-$0.15 before the Dogecoin price resumes its upward move. If that bounce plays out, DOGE could break through the $0.21 resistance and push toward $0.30, which aligns with the 0.786 Fibonacci level. His projected path shows this breakout happening sometime between late June and early July.

From a technical perspective, the setup looks promising. The trendline has supported multiple bounces already, and the volume profile suggests DOGE is consolidating in preparation for its next leg up. If the broader market remains stable or turns bullish, Dogecoin could easily benefit from renewed momentum in the meme coin sector.

Why It Matters:

Dogecoin may be the original meme coin, but it’s far from a joke. It has survived multiple bear markets, is consistently ranked among the top cryptocurrencies by market cap, and maintains strong social traction. While newer meme coins come and go, DOGE continues to draw attention from retail traders, whales, and even public figures.

With a technical setup and one of the most recognizable brands in crypto, Dogecoin might very well be the top meme coin to buy now. If the $0.14-$0.15 support holds, the next few months could be a bullish ride – just in time for summer.