High Dogecoin (DOGE) price estimates as of late.

One analyst argued that the meme coin “looks too fancy for a big move.”

The biggest meme coin by market capitalization rose 4% last week, with some analysts expecting the growth to continue in the short term.

Some key metrics on the chain support the bullish outlook, but traders and investors should tread lightly as market conditions remain volatile due to ongoing geopolitical tensions and other factors.

How high can the DOGE go?

During Friday's market-wide price correction, Dogecoin briefly surpassed $0.10, but is now trading around $0.09. Its market capitalization hovers around $14.6 billion, making it the undisputed leader in the meme coin realm and the 10th largest cryptocurrency.

According to some analysts such as X user Don, the token has high upside potential. DOGE is trading above a certain support zone from 2021 and has placed the next critical resistance at $0.40. The market observer believes that such an increase will open the door to $1.

Other analysts that have recently chipped in include Mikybull Crypto and Cryptollica. The former argued that DOGE “looks too early for a big move,” while the latter envisioned a major breakout above $1.60.

Recent whaling activity reinforces the optimistic scenario. Famous analyst Ali Martinez said that last week, big investors bought 330 million DOGE in a few days. The growth shows their firm confidence in the asset and may prompt retail investors to emulate the moves of the big players.

Other violent reasons

Earlier this month, spot DOGE ETFs finally attracted capital, indicating that institutional investors have rekindled some interest in meme coin.

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The first such product in the USA went live in November last year, launched by Grayscale, Bitwise and 21Shares followed shortly after. Accumulated net inflows into those financial vehicles remain less than $10 million, which is nothing compared to the massive demand for BTC, ETH, and XRP ETFs. Those products with Ethereum as the underlying asset, for example, have seen a 7-day green streak: the last time it was seen was in October 2025.

The recent Dogecoin exchange net flow is also worth keeping an eye on. In recent weeks, outflows have dominated, indicating that investors are abandoning centralized platforms and moving towards self-sustaining mechanisms. This is considered bullish as it immediately reduces sales pressure.