Dogecoin’s Price Surge Could Reach 46%: A Technical Analysis
If confirmed, this bullish flag may result in a breakout rally of nearly 46% from the current price of $0.2303, targeting around $0.3350.
DOGE currently trades just above the 50-period Exponential Moving Average (EMA), which is positioned at $0.2274. This EMA level acts as dynamic support. However, the immediate resistance lies near $0.2533, marked by the solid horizontal blue line, not the dotted one shown higher on the chart.
The price must break above both the upper red trendline and the $0.2533 resistance to validate the bullish continuation. A successful breakout would activate the projected 46% target area near $0.3350.
Meanwhile, the Relative Strength Index (RSI), a momentum indicator, reads 53.43. It sits slightly above the neutral 50 line, suggesting mild bullish momentum without being overbought.
DOGE’s price structure shows upward pressure, supported by the recent breakout attempt and consolidation within the flag. Volume remains steady at 29.51 million, backing the potential for upward continuation if momentum sustains. The breakout level and $0.2533 resistance will be key zones to watch.
Dogecoin Takes Over Indy 500 With Charity Push and Fan-Voted Car Design
On May 25, 2025, Dogecoin returned to the motorsport spotlight at the Indianapolis 500. The meme coin’s mascot and branding appeared on Devlin DeFrancesco’s IndyCar, part of a charity-driven campaign that raised over $26,000 for Riley Children’s Foundation.
The initiative was organized by the Dogecoin Foundation in collaboration with House of Doge, Rahal Letterman Lanigan Racing, and DeFrancesco. Fans selected the final car livery through an online vote, choosing the “Blaze” design. The same branding appeared on both the car and DeFrancesco’s helmet during the race.
Leading up to the event, the campaign collected 117,947 DOGE, equivalent to around $26,000, to support intensive care treatment for newborns at Riley Children’s Health. National Football League (NFL) Pro Bowler Dion Dawkins contributed 8,000 DOGE via a self-custodial wallet created during the race weekend.
After the race, DeFrancesco plans to auction his Dogecoin-themed helmet, with proceeds also going to the hospital. The driver has a personal connection to neonatal care, having spent four months in an incubator at Sunnybrook Hospital in Toronto as a newborn.
Dogecoin’s appearance at the Indy 500 follows earlier motorsport sponsorships, including a NASCAR car in 2014 and another entry in 2021. The campaign highlights how crypto branding continues to expand in sports. Last year, Polkadot featured on Conor Daly’s IndyCar, and several major teams across sports leagues have adopted crypto payments and sponsorship deals.
