It has certainly been an important week for the digital asset market. After a sluggish start to the year, Bitcoin returned to the $100,000 price and propelled a host of assets to come with it. Among them is Dogecoin, which jumped 10% in a week, with all eyes on what could be next for DOGE.
The meme coin leader, along with much of the industry, had a hard time finding any kind of momentum in the first three months of 2025. The question is, can that now change? Well, the answer may lie in Bitcoin and the global market developments that drove its most green-type surge.
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Dogecoin to $0.60? Why Traders Believe DOGE Could Be Set to Surge?
On Thursday, the United States and the UK announced a landmark trade deal. The move was a relief to global markets, as ongoing geopolitical tensions and tariff drama had threatened a plethora of assets in the US. That had a major impact on Bitcoin, which returned to a six-figure price for the first time since February.
That wasn’t the only asset that was propelled from the development. Among the tokens that got a positive push was Dogecoin, with the leading meme coin jumping 10% in the week, with all eyes on DOGE potentially continuing the bull rally to $0.60
Also Read: Dogecoin Predicted to Rally 57% to $0.30: Here’s When
Dogecoin ended the week up 37% over the last 30 days, according to CoinMarketCap. Moreover, its 6% jump on Friday saw it settle at just above the $0.20 range. In a recent YouTube post, an analyst named More Crypto Online discusses the asset’s potential. Specifically, he referenced an Elliott-wave roadmap that is intact and could have massive potential.
He noted that, so long as Dogecoin doesn’t retreat below the $0.1555 or $0.168 level, there is potential for greater increases. Specifically, the wave count is set to propel the asset toward the $0.60 psychological region. The question is, can it maintain its position amid increased uncertainty? If more trade deals come to fruition, it should have no problem making good on the potential.