Dogecoin (DOGE) has experienced a notable uptick in price, currently trading at $0.2283 after a +1.34% gain over the past day. This comes as analysts anticipate further upside driven by growing DeFi adoption and increased institutional interest. 43.09% year-over-year gains illustrate Dogecoin’s robust performance despite its year-to-date decline of -27.57%. Technical analysis shows a golden cross, indicating a bullish trend reversal as the 23-day moving average surpassed the 50-day moving average. This breakout is within an ascending channel targetting $0.28-$0.31, though the key resistance lies between $0.24-$0.25. Active wallet addresses and whale transactions have soared alongside increased futures interest, all pointing to a surge in fresh capital into the DOGE market. ETHNews analysts anticipate a potential mid-term jump toward $0.30-$0.35 fueled by DOGE’s prominent role in social finance, community-driven speculation, and its rising adoption for tipping and micropayments. The technical analysis suggests that breaking above $0.25 with high volume could propel DOGE to an estimated target of $0.288-$0.31 within 6-9 days.