Fib Extension Flashes $4 Target – How Quickly Can DOGE Get There?

Crypto Journalist

Anas Hassan

Crypto Journalist

Anas Hassan

About Author

Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

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Last updated: 

July 11, 2025

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Dogecoin has reclaimed the spotlight as the original meme coin surges back above the $0.20 threshold following exactly one month of consolidation.

Fibonacci extension levels now indicate an ambitious $4 target, with trading volume returning to the market amid Bitcoin’s historic price highs.

Currently trading at $0.199 after experiencing a minor pullback, DOGE maintains a 10% daily gain while extending its weekly performance to 19.61%.

$7.6 Billion Futures Bet on Dogecoin Rally As Analysts Agree DOGE is Primed for 2000% Breakout

One of the most remarkable aspects of this rally is Dogecoin’s consistent trading volume, which has surpassed that of higher-ranked cryptocurrencies like Binance Coin (BNB).

For perspective, DOGE recorded over $2.5 billion in trading volume with a market capitalization of $29.8 billion, while BNB generated $2.3 billion in volume despite its substantially larger $95.8 billion market cap.

Moreover, market sentiment suggests sustained interest in DOGE’s upward trajectory.

In the futures market, over $7.6 billion has been traded within the past 24 hours, with positions betting on DOGE’s continued ascent.

Open interest for Dogecoin remains decidedly positive, with approximately $2.7 billion in capital backing the meme coin over the last 24 hours.

This heightened level of interest has prompted seasoned investors and analysts to believe Dogecoin can revisit its $0.7376 all-time high, achieved in 2021.

Prominent DOGE investor “doge god” shared a chart projecting a Dogecoin rally to $3.80.

Trader Alan also confirmed that the BTC/DOGE chart, along with the M2 money supply, are lagging indicators, positioning Dogecoin to catch up in the coming weeks.

Can the DOGE Army Awaken to Push $4 Fibonacci Target?

For Dogecoin to reach the $4 Fibonacci target, the DOGE community, popularly known as the “DOGE ARMY”, would need compelling reasons to mobilize, as they have repeatedly demonstrated their unmatched influence in the meme coin market.

One of the movement’s most prominent long-term supporters is Tesla and X CEO Elon Musk, who has consistently advocated for the cryptocurrency.

In April 2021, following Dogecoin’s historic highs, Musk posted that “SpaceX is going to put a literal Dogecoin on the literal moon,” referencing the popular crypto slang “to the moon.”

A year later, the SpaceX founder reaffirmed his commitment to supporting Dogecoin’s growth.

I will keep supporting Dogecoin

— Elon Musk (@elonmusk) June 19, 2022

On the technical front, the DOGE/USDT 4-hour chart displays a breakout from a descending channel, signaling a reversal from recent bearish momentum.

This bullish breakout is reinforced by a rising RSI, which has crossed above the 70 level, indicating strong buying pressure and potential for continued upward movement.

Additionally, the MACD histogram has turned positive, further supporting the bullish momentum thesis.

Price currently hovers around $0.1985 and appears positioned to target the next key resistance zone near $0.30.

Should momentum persist, DOGE could rally toward the $0.43–$0.45 region, which represents a previous high.

A continuation beyond that level opens the path for a move toward $0.50 and eventually $0.58, aligning with the projected trajectory analysis.

A short-term pullback may occur around $0.30 before the uptrend resumes, but the overall structure remains decidedly bullish.

Snorter AI Bot Raises $1.74M to Snipe Low-Cap Meme Coin Gems

With meme coins returning to traders’ radar, particularly on the Solana network, many have already positioned themselves as favorites like BONK, WIF, PENGU, and FARTCOIN.

However, the most exciting opportunities in bull runs typically come from low-cap meme coins that lack centralized exchange listings, as these often generate the highest returns for traders.

This means traders must purchase directly from DEX markets, which can present technical challenges.

An AI-powered Telegram bot called Snorter Bot has emerged to simplify the process of sniping tokens directly from DEX markets.

The presale has already raised $1.74 million, with its native $SNORT token currently priced at $0.0979.

To purchase $SNORT, visit the Snorter Token presale site, where you can use SOL, ETH, BNB, USDT, USDC, or even a credit card for transactions.

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