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Dogecoin has flipped into negative price territory in a seven-day timeframe, with the meme coin currently down by 6.11% in the past seven days. However, this price action has led to the emergence of a bullish pattern on the 1-hour candlestick timeframe chart.  The constructive formation follows a corrective drop that briefly pushed Dogecoin to $0.215, but recent trading sessions have seen higher lows and firmer support levels. This, in turn, has led to the formation of an inverse head and shoulders pattern that points to quick bullish targets for the Dogecoin price. Analyst Identifies Inverse Head And Shoulders Pattern Crypto analyst Klejdi Cuni posted a technical outlook on social media platform X, highlighting an inverse head and shoulders pattern on the DOGE/USDT chart on the 1-hour candlestick timeframe. The setup consists of three distinct troughs, with the central one being the deepest and forming on May 25th. The right shoulder, on the other hand, formed between May 23 and May 24, bringing rise to what could be interpreted as a short-term bullish reversal. Related Reading: Dogecoin Price Breaks Out Of Bearish Trendline And Enters Ascending Channel Headed For $0.3 According to the analyst, this particular inverse head and shoulders is a smaller-scale formation, making it more relevant for short-term traders looking for quick movements. At the time of writing, Dogecoin is still in the process of completing the left shoulder, as it is now testing the neckline resistance around $0.228. A breakout above this neckline level with enough volume confirmation could trigger a swift move upwards. Short-Term Upside Targets For Dogecoin If the bullish inverse head and shoulders setup unfolds as expected, the analyst predicted a Dogecoin price surge first toward the $0.239 zone. This level acted as a support level for many hours on May 22, before eventually breaking down and acting as resistance during a brief upward attempt in the late hours of May 23. As such, this area would be important to note, as a successful breach would then open the door to the next target. Related Reading: Crypto Analyst Says Dogecoin Price Is Setting Classic Move To $0.5 If This Level Breaks The next short-term price target if Dogecoin successfully clears $0.239 is at $0.25. Though modest in comparison to some of the more aggressive long and medium-term projections, this level is important for a different reason. A rally to $0.25 would be a full recovery to Dogecoin’s most recent local peak in May. This, in turn, could be the start of a rally continuation to higher price levels toward $0.3 and beyond. The chart projection above outlines a step-wise movement where the breakout leads to immediate upside action, followed by consolidation before a secondary leg pushes the Dogecoin price to $0.25. However, as with any pattern, confirmation is important. Failure to hold the breakout zone or a breakdown below the right shoulder, which is currently around $0.222, would weaken the bullish outlook and could lead to a retest of $0.21. At the time of writing, Dogecoin is trading at $0.2245. Featured image from Getty Images, chart from Tradingview.com

With the month of May drawing to a quick close, it looks like the Dogecoin price is about to end its second month in a row in the green. This has come as a welcome surprise in a month where expectations were that the market would continue to go down. However, this means that Dogecoin is about to enter what has historically been the worst month since its inception, with more red closes than green. Why The Dogecoin Price Could Go Down In June The month of June has been known to be very bad for the Dogecoin price, and this has been the case for most of the last 11 years. In more than a decade, the Dogecoin price has only closed out the month of June in the green twice, and this was back when it was still a rather new cryptocurrency. Related Reading: Forget Dogecoin At $1: Price Could Rally To $12 If History Repeats Itself As data from the CryptoRank website shows, the only years that the month of June has ended in the green for Dogecoin have been 2015 and 2016. Before that, June 2014 had closed in the red, with a loss of 21.4%, and after 2016, Dogecoin had racked up losses for the month of June every single year. From 2017 to 2024, Dogecoin has ended the month of June in the red every single time without fail. June 2017 ended in -2.38%, June 2018 ended in 27.2%, June 2019 ended in -4.36%, June 2020 ended in -9.94%, June 2021 ended in -23.9%, June 2022 ended in -23.3%, June 2023 ended in -7.18%, and June 2024 ended in -21.9%. Looking at the pattern here, it shows that even during bullish years, the month of June has not failed to end in losses for Dogecoin. Going by this established trend, it is not far off to expect the Dogecoin price to actually fall in the new month. With an average return of -7.34% over the years, making it the worst month in terms of returns for the meme coin, a decline could be in the works for the cryptocurrency. What To Expect From Here According to the machine learning algorithm at CoinCodex, the month of June may end up deviating from its established pattern. At the start, it does show a possible decline, expecting the price to fall below $0.22. However, as the month progresses, it is expected to turn around. Related Reading: Bitcoin Price Bounces Off Re-Accumulation Zone: Why $120,000 Could Be Next The one-month prediction puts the Dogecoin price above $0.26, which is a 17.67% increase from the current price. Toward the end of the month, the machine learning algorithm puts the meme coin as high as $0.28, which is a more than 20% increase. Featured image from Dall.E, chart from TradingView.com

Dogecoin may be gearing up for its next big move, and technical traders are starting to take notice. After a period of consolidation and choppy price action, a potentially powerful pattern is beginning to emerge on the charts, one that has historically preceded strong reversals in trend.  The formation in question is the inverse head and shoulders pattern, a classic bullish setup that often signals the end of a downtrend and the start of a new upward phase. This development comes at a time when market sentiment around meme coins is beginning to stir once again, adding fuel to speculation that DOGE could be on the verge of something bigger.  Bullish Formation Emerges: Is a Dogecoin Reversal in Play? Klejdi Cuni, in a recent post on X, highlighted a bullish setup forming on Dogecoin’s chart. According to his analysis, DOGE appears to be shaping an inverse head and shoulders pattern, a well-known technical formation often seen as an early indication of a trend reversal. Related Reading: Dogecoin Enters Danger Zone — Chartist Predicts Sharp Drop Ahead According to the analyst, the inverse head and shoulders pattern forming on Dogecoin’s chart is a short-term setup, primarily due to its smaller scale and limited time frame. While it may not signal a long-term trend reversal just yet, it still holds significance. The key level to watch is the neckline. A decisive break above this resistance line would confirm the pattern and significantly boost the chances of a bullish continuation. This breakout could ignite renewed buying interest, as momentum shifts in favor of the bulls. The analyst emphasized that such a move would be a clear indication of strength, especially after a period of consolidation or downward pressure. As reflected in the chart, this setup could mark the beginning of a fresh upward phase for DOGE, if the price action follows through as anticipated. A Rebound To $0.25 Highlighting potential price levels in the event of an upside breakout, analyst Klejdi Cuni identified two key upside targets for Dogecoin: $0.2390 and $0.2500. These levels, according to Cuni, may act as significant milestones if the price breaks above the neckline. Related Reading: Dogecoin Weekly Chart Shows Bitcoin-Like Movements That Could Trigger Massive Rally The $0.2390 target represents an immediate hurdle where some profit-taking or consolidation could occur. Surpassing that, the $0.2500 level stands as a more ambitious objective, one that would mark a substantial recovery for DOGE and rekindle broader bullish sentiment in the market. While these targets are conditional on a confirmed breakout, they reflect areas of interest based on previous price action and technical resistance zones. It is essential to closely monitor volume and momentum indicators as the price approaches the neckline, as these will likely play a critical role in validating the breakout and the path toward these targets. Featured image from Getty Images, chart from Tradingview.com

Dogecoin has yet to hit its previous $0.74 all-time high from 2021, but nevertheless, $1 has remained the target for the altcoin this cycle. This is due to the expectation of another altcoin season that could send the price on a similar run that was seen in 2021. However, if the Dogecoin price were to actually see a repeat of what happened in the past two previous bull cycles, then the $1 mark may only be a starting point, given how high the price could go. Dogecoin Price Mirroring Past Cycles Crypto analyst Trader Tardigrade has noticed an eerily similar pattern on the Dogecoin price chart that could suggest a rapid upward movement is coming. This pattern is similar to what was seen in the last two bullish cycles, right as the meme coin’s price was preparing for lift-off. Related Reading: Cardano: Elliot Wave Predicts 50% Crash For ADA Price, Is It Time To Get Out As the chart shows, this pattern first emerged leading up to the bullish rally in 2017. It starts out a couple of years before as the altcoin’s price makes lower peaks and then trends down for a retest. After this, there is a period of consolidation before the trend is broken and an upward rally begins. In the 2017-2018 bull market, this pattern saw the Dogecoin price rally by more than 2,000%, going from below $0.00018 to above $0.0075 in a matter of months. Then again, in the 2020-2021 bull market, a similar pattern had formed right before the rally, ending in a breakout from consolidation. Interestingly, this time around, the resulting breakout was even more prominent, with the meme coin’s price rising by more than 30,000%. This saw a range from below $0.002 to above $0.73 in a matter of months. This is still the highest level that the Dogecoin price has reached so far. Once again, a similar pattern has emerged, and it looks like Dogecoin is on the brink of the next breakout. Going by the previous cycle performances and the steady uptrend, it is possible that the current breakout will see a higher ROI than previous cycles. But, there are now market cap constraints on how high the meme coin can go. Related Reading: Here’s Why Hyperliquid Hit New ATH At $39 And Why It Could Continue Nevertheless, even if the Dogecoin price were to manage a similar rise like the 2017-2018 cycle, the price would reach $4 minimum from here. Going by the crypto analyst’s chart, though, he expects the Dogecoin price to actually cross the double-digit threshold, putting it as high as $12. However, given Dogecoin’s high supply sitting above 149 billion coins, the possibilities of this happening this cycle are very slim. A $12 price tag would put the meme coin at a market cap above 1.7 trillion, something that even Ethereum, the second-largest cryptocurrency by market cap, has yet to achieve. Featured image from Dall.E, chart from TradingView.com

Dogecoin slipped toward the lower end of its month-long range on Tuesday as independent chartist Quantum Ascent delivered a granular breakdown of why he believes the meme-coin is part-way through a corrective cascade that could end in the high-teen-cent zone. At mid-afternoon in Europe the token hovered at $0.228, nearly 12% below its May 11 peak and nursing modest intraday losses. Dogecoin Enters Danger Zone Reviewing the daily chart, the analyst rewound to the explosive move that began on May 8 and produced a 50% three-session surge: “Last time we checked in over here on May 8, when we got this big green candle, we said, guys, looks like we’re kicking off our fifth microwave here,” he reminded viewers. His initial upside projection had been a modest 2.36 Fibonacci extension, yet Dogecoin “actually went up much higher,” a sign, he added, of strong retail momentum but also of a pattern that now looks finished. Quantum Ascent has since migrated his wave counts to show that the thrust was merely the fifth sub-wave inside a larger first-wave advance. “We’re in the middle of an ABC as we speak… these blue waves are going to move over to here,” he said, redrawing the labels to mark the ongoing retracement. In Elliott-wave parlance the C-leg must at least equal the A-leg, and the presenter converted that rule into arithmetic: “Eighteen-point-eight per cent from there… that’s one of our targets, right around 20.5 cents.” Related Reading: Dogecoin Chart Turns Ugly—This Price Could Trigger Panic Deeper penetration is not only possible but statistically common, he argued, because “oftentimes it makes it down into this third or fourth wave.” Measuring from the early-May low to the mid-May top, he plotted the 0.500, 0.618 and 0.702 retracements — a band stretching roughly from 19.5 cents to 17 cents — and called it “the logical zone for a first-and-second-wave reset.” A shallower halt at the 0.382, around 21.8 cents, would in his view be “a pretty shallow correction.” One attempt to break higher has already stalled in what he labelled the “danger zone” between the 0.618 and 0.786 retracements: “We took a stab to break through, but we didn’t close… we wicked above it, ended up right there at the 702, the rejection, and now it’s kind of rolling over again.” That failure leaves a nearby trigger level: “We break this low here at 21 cents, then we’re for sure seeing 20.5 cents.” The tape action, he added, resembles a Wyckoff re-accumulation structure: “Looks like honestly a form of Wyckoff and we’re building the sign of strength right here before we take off.” Yet the bullish pay-off, if it comes, likely lies several weeks ahead. The correction underway marks “a macro two that we’re working on right now,” he said, emphasising that the subsequent third wave would be decisive: “Macro wave threes — those are the daddies. Those are the big ones. That’s where we’re really going to get some juice.” Related Reading: Can Dogecoin Really Hit $3.80? Analyst Says Yes—If This Happens Macro context tempers any near-term enthusiasm. Bitcoin — whose own fifth-wave top arrived sooner and overshot its prior cycle high — has already rolled into an ABC of its own, and Quantum Ascent expects altcoins to “settle down” alongside the bellwether. “Whether it goes quickly in a C-wave or we just kind of keep meandering, we’re going to have to wait and see,” he concluded, urging followers to watch volume profiles and closing levels rather than intraday wicks. As always, Elliott-wave counts remain interpretative rather than predictive, and traders should align any positioning with their personal risk limits. Dogecoin retains the eighth-largest market capitalisation in crypto, but elevated volatility means even minor price gaps can translate into double-digit percentage swings. At press time, DOGE traded at $0.228. Featured image created with DALL.E, chart from TradingView.com

Dogecoin is losing altitude after a month-long advance that climaxed at an intraday high of $0.259 on May 11 before momentum cracked. The memecoin is changing hands near $0.228 today, capitalising the network at roughly $34 billion and leaving it 69$ below its 2021 peak. From a purely statistical angle, the retreat is modest: Dogecoin is still up about 35% from the early-May floor at $0.164, yet the pattern of lower highs that has emerged since mid-month has sharpened traders’ focus on whether the token’s April-to-May impulse was corrective rather than impulsive. Dogecoin Price Crash Incoming? Technical analyst More Crypto Online argues in his latest YouTube briefing that the structure of this advance “rallied in three waves like many other crypto charts into the Friday swing high,” lacked the five-wave punch normally required to sustain upside continuation, and has already reversed into what looks like “a micro five-wave move down.” Related Reading: Dogecoin To $1 Is ‘Absolutely’ On The Table This Cycle, Says Analyst The Elliottician stated: “Doge rallied in three waves like many other crypto charts into the Friday swing high,” he told viewers at the top of the clip, stressing that the advance from the April 26 trough “was just not convincing.” The essence of his argument is that Dogecoin’s leap from $0.164 to the May 11 intraday peak at $0.259 never produced the five-wave structure that Elliott Wave theory associates with trend-sustaining moves. Instead, price action has already begun what he counts as a “micro five-wave move down,” thereby signalling that the April–May rise likely formed only the B-wave of a larger A-B-C correction. “As soon as the price breaks below the red dotted line at $0.21, the scenario for a larger pullback in the yellow count becomes confirmed,” he said, adding that nothing on the chart currently invalidates that view. The “yellow” scenario envisages an extended C-wave unfolding in five sub-waves and targeting the 38.2 %–78.6 % Fibonacci retracement cluster derived from the April rally. In plain numbers, that translates to $0.199–0.183 in the coming sessions. “Testing $0.19.9 to $0.183 cents over the coming sessions seems like quite a probable outcome,” More Crypto Online said. “We already have a five-wave decline from yesterday’s high, so we have to be ready for potentially just corrective rallies and then a sharp decline in wave three.” That roadmap leaves room for a brief recovery wave—he calls it wave 2 of C—to probe initial resistance at $0.23.3 to $0.24.7. Yet the analyst cautioned that any bounce should remain “only corrective” in character; a decisive hourly close above $0.247 cents would be needed to resurrect the bullish “orange” count, which allows for one final extension of the previous advance. Related Reading: Can Dogecoin Really Hit $3.80? Analyst Says Yes—If This Happens “Any decisive break above $0.247 cents might mean we’re already in the extension to the upside,” he acknowledged, though he quickly added that such an outcome “would again be invalidated with a break below the dotted red line.” Macro context is doing Dogecoin no favours. With Treasury yields pushing toward new quarterly highs and Fitcoin dominance creeping up, liquidity has drained from high-beta altcoins. Even January’s debut of the Grayscale Dogecoin Trust, which helped funnel institutional money into the asset earlier this year, has not arrested the rotation out of fringe tokens during May’s risk-off stretch. From a market-structure standpoint, the token’s immediate fate boils down to whether bulls can defend the $0.21 pivot called out in the analysis. A daily close beneath that threshold would give bears license to press toward $0.19, while a break of the $0.247-cent barrier is the only development the analyst concedes could “reduce the potential for that decline.” At press time, DOGE traded at $0.228. Featured image created with DALL.E, chart from TradingView.com

Dogecoin’s recent price action has taken a noticeably bullish turn, with the meme coin bouncing off support at the beginning of the week and steadily building upward momentum. Over the past few days, Dogecoin has been on the path to reclaiming the $0.25 level after rebounding from a low near $0.215. This upward move coincides with Bitcoin’s surge to new all-time highs, which has helped to inject new confidence across the broader crypto market.  Notably, technical analysis of the Dogecoin/TetherUS pair on the daily candlestick timeframe shows that the meme coin’s price has now flipped into an ascending channel headed for at least $0.3. Dogecoin Confirms Bullish Breakout As Trendline Crumbles According to a technical analysis posted on the TradingView platform by crypto analyst Melika, Dogecoin has bounced on through a long-standing bearish trendline that had acted as a major resistance in April. This breakout is a by a clear validation of an ascending channel that has formed since late April.  Related Reading: Dogecoin Falling Wedge Breakout Puts Bulls In Charge, Target Moves Up To $0.62 The breakout indicates a full transition from bearish pressure into a bullish environment, with the price structure now leaning heavily in favor of the bulls. In this case, Dogecoin is now on the path to continue its uptrend from its $0.13 bottom on April 7, and the next target is to reach the top of the ascending channel. A critical aspect of this breakout is the reaction from the midline of the channel, which Dogecoin respected with precision before climbing again. The coin also retested the demand block between $0.1950 and $0.2150 earlier in the week. The failure to break below shows that this region has now turned into a strong structural support moving forward. As long as the price remains above this level, Dogecoin’s potential of reaching the top of the ascending channel is valid. What Targets Lie Ahead For Dogecoin? With momentum now on the side of the bulls, Melika’s analysis projects three critical levels that could serve as short profit zones for Dogecoin traders. The first target is $0.2530, which aligns with the swing high on May 11. If Dogecoin bulls maintain the price uptrend, the second target of $0.2750 could come into play. Interestingly, this target is located at the upper boundary of the ascending channel. Related Reading: Dogecoin Price Gearing Up For Major Explosive Rally – Why $1 Is Still In The Cards Beyond that lies the major horizontal resistance at $0.3035. This level is significant because it acted as a support level for Dogecoin in January. However, Dogecoin eventually went on a clean breakthrough below $0.3035 in early February, which has flipped into a zone to look out for resistance. Breaking through this area would not only signal a full recovery from the recent downtrend but also open the door to higher price levels.  However, any rejection or breakdown below $0.1950 would invalidate this bullish thesis, as it would indicate a breach of both the demand zone and the channel structure. At the time of writing, Dogecoin is trading at $0.2447, up by 2% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com

Dogecoin’s latest market structure is “significantly better than in prior bull markets,” according to Kevin, the crypto technician known on X and YouTube as @Kev_Capital_TA. In a video released Friday, the analyst mapped Dogecoin’s three historical cycles, concluding that the memecoin’s current breakout-and-retest pattern places a long-term Fibonacci extension at $3.80–$3.90 squarely “on the table”—provided one key condition holds: Bitcoin must keep grinding higher. “Two cycles in a row, Dogecoin has tagged the 1.618 fib extension,” Kevin reminded viewers. “Here we are in the third cycle… we have evidence to suggest it has happened 100% of the time. It’s only two data points, though, so that could easily not happen this time.” Why $3.80 Per Dogecoin Is Possible This Cycle On a log-scale weekly chart, Kevin traced Dogecoin’s first super-cycle—consolidation, breakout, mid-cycle pullback, blow-off top—culminating at the 1.618 extension. The second cycle repeated the pattern, but “Elon Musk’s Saturday Night Live hype” punched price far beyond the fib target into euphoric territory. Today’s third cycle, he argued, looks healthier: successive breakouts and back-tests of the bear-market range have carved a rising channel of higher highs and higher lows anchored by the 200-week EMA/SMA cluster. “This structure looks really good to me… break out, back-test the 200s, make a higher low—it’s textbook.” On the monthly chart, the Relative Strength Index is “just strength—constant higher lows,” still far beneath the 80-to-90 zone that capped prior cycle tops. Kevin also flagged a V-shaped curl in the monthly Stoch RSI—a signal that “should provide the momentum we need to really get a durable run higher” once it crosses the 20 line. Related Reading: Dogecoin To $1 Is ‘Absolutely’ On The Table This Cycle, Says Analyst The two-week Market Cipher readout shows three years of progressively stronger momentum waves and money-flow inflows. “This is big-time stuff,” he said, circling each expansion. “Momentum is compressing and building to a point where it’s like, okay, now it’s time to release it.” A fresh two-week Stoch RSI cross historically precedes “bang, big move higher,” he added, implying that the post-halving phase could usher in Dogecoin’s next parabolic leg. For traders fixated on nearer horizons, Kevin highlighted a macro golden pocket stretching from $0.26 to $0.285, reinforced by the daily 200-SMA at $0.27. That zone caps a developing bull-flag whose measured move targets $0.32–0.33. The pattern sprang out of an inverse head-and-shoulders accumulation at $0.15, a level he “accumulated heavily,” now up roughly 60%. “Treat resistance as resistance until it isn’t,” he cautioned, noting that Bitcoin dominance near 64% still siphons liquidity from altcoins. Yet he sees “serious signs” that dominance has printed a local top at 65.45%, opening room for a rotation into majors like Ethereum and, by proxy, Dogecoin. This Needs To Happen If Bitcoin stability endures and macro conditions—softening inflation, steady labor data, potential Fed easing—remain supportive, Kevin’s next “main price target” is the 2021 all-time high just under $1.00. A decisive break there would turn eyes to the cycle’s 1.618 extension near $3.80. Related Reading: Dogecoin Bollinger Squeeze Signals ‘Huge Move’ Ahead, Analyst Warns “I’d be shocked at this point if we don’t go to that level,” he said, while stressing disciplined profit-taking: “There’s nothing worse than riding a move all the way up and not taking profits.” Kevin rebuffed the wilder six-and-seven-dollar predictions circulating on social media but insisted that a $3-plus Dogecoin is “absolutely possible” if Bitcoin pushes toward $200,000, quantitative tightening ends, and a full-blown altcoin season erupts. Dogecoin remains “one of the most popular cryptocurrencies on the planet,” the analyst observed. “When retail comes piling back in, they’re always piling back into Dogecoin.” That psychological feedback loop, combined with a structurally bullish chart and improving momentum gauges, underpins his conviction that the memecoin could reprise its role as the spearhead of a broader altcoin surge. Whether the market delivers the necessary macro tailwinds is the wildcard. But Kevin’s message was unambiguous: for now, Dogecoin’s technical canvas paints a credible route to $1, and the elusive $3.80 marker “is possible—if Bitcoin holds ground and the macro stays peachy.” At press time, DOGE traded at $0.243. Featured image created with DALL.E, chart from TradingView.com

Dogecoin and Shiba Inu remain the top leaders when it comes to meme coins, but others have been creeping up as fierce contenders over time. Back in 2021, when the original meme coin bull run started, the likes of FLOKI had crept up from the shadows to also become investor favorites. Through the bear market and into the current bull market, FLOKI has shown incredible strength, and one crypto trader believes that there is still a lot of runway for the meme coin. Why FLOKI Is A Great Choice Over Dogecoin And Shiba Inu Crypto trader and analyst Unipcs, also popularly known as ‘Bonk Guy,’ has given reasons why buying FLOKI could be a better play compared to Dogecoin or Shiba Inu. In addition to the fact that it was created back in 2021 and has survived a bear market alongside Dogecoin and Shiba Inu, FLOKI has other characteristics that has made it a great meme coin choice. Related Reading: Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout Happens One of the major driving forces behind the support for FLOKI comes with the expectation of an Exchange-Traded Product (ETP) to be launched for the meme coin. This puts it miles ahead of other meme coins which are yet to see major institutional support. Furthermore, the FLOKI meme coin has already proven its position as a solid choice over Dogecoin or Shiba Inu after rallying to a new all-time high back in 2024. This saw it outperform Dogecoin and Shiba Inu as these market leaders continued to trend below their all-time high peaks from 2021. Just like Dogecoin and Shiba Inu, FLOKI has also scored listings on major crypto exchanges across the space, in addition to smaller listings. It is trading on Binance, Coinbase, and Bybit, among others, with daily trading volumes crossing $200 million at the time of this writing. Related Reading: Shiba Inu’s Shibarium Struggles As New Accounts Crash To Fresh Lows Moving on to the chart, the crypto trader also revealed that the FLOKI chart does look strong. After holding and sustaining accumulation through the start of 2025, the meme coin is riding up once again and has already broken through $0.0001. Given this, Unipcs believes that an impulsive move for FLOKI is only a matter of time from here. “The fact that FLOKI is still under the radar, despite cult-like loyalty from its holders and insane retail recognition, means any rally it gets will likely go much higher than anticipated—a classic hated rally setup,” the crypto analyst said in conclusion. Featured image from Dall.E, chart from TradingView.com

Crypto analyst Kevin (@Kev_Capital_TA) reaffirmed his bullish outlook for Dogecoin, stating in a live stream that a surge to $1 is “absolutely” possible this cycle—provided a critical set of macro and market conditions fall into place. Kevin, a rising voice in crypto technical analysis, outlined his thesis in detail, highlighting Dogecoin’s resilience against Bitcoin and its technical structure as key signals of strength. “We were accumulating a spot position in the Patreon at 14 cents. I think the average is 15—right at 15 cents even,” he said. “Congratulations if you got into that play with me. Looking really, really nice.” The $1 Dogecoin Dream He pointed to Dogecoin’s breakout from an inverse head-and-shoulders pattern and its current consolidation within a potential bull flag as technical proof that momentum is building—if Bitcoin cooperates. “If Bitcoin continues to break higher, then this will break higher,” Kev noted. “If Bitcoin fails, then this will not break higher. It will fail.” That correlation underpins Kev’s broader framework for altcoin evaluation, which puts Bitcoin’s macro structure and USDT dominance at the center of any serious analysis. “You don’t really want to be doing too much individual TA on altcoins when Bitcoin dominance is at 64%. You’re not going to get very accurate TA,” he said. Still, Dogecoin stands apart from the altcoin pack. Kev showed Doge/BTC strength as a key differentiator: “Doge versus BTC is holding up much better than a lot of other altcoins. Litecoin versus Bitcoin? Dying. UNI, AVAX, DOT, LINK—all dying. Doge is still holding up. That’s why I own it. That’s my baby right there.” As for the $1 price target, Kev didn’t mince words, but made it clear it’s not just about charts. “It actually would be pretty shocking if it didn’t hit a dollar—again, contingent on Bitcoin heading higher,” he said. “But you need a sustained bull run. You need good monetary policy. You need a good macroeconomic environment.” Kev criticized the simplistic analysis plaguing the crypto space, pushing back on the idea that Dogecoin will moon just because “this happened last cycle.” Instead, he emphasized the importance of understanding economic conditions, inflation trends, Federal Reserve policy, and liquidity access. “We’re coming out of a macro environment the likes we’ve never seen before,” he said, referencing the Fed’s historic post-COVID tightening cycle and the uncertainty introduced by new US trade tariffs. “Dogecoin can hit a dollar. However, would I say that we have the exact environment we want to say that’s a highly probable scenario? I’d say we’re getting there—but we need more.” He also downplayed the idea that a potential Dogecoin ETF approval would be a decisive catalyst, unless it happens during a full-blown bull market. “If it happens and everything’s quiet… it probably won’t do its thing,” he warned. “Crypto’s about timing.” In closing, Kev reiterated the disciplined mindset he teaches his community. “Don’t just pull up an altcoin chart and say, ‘Well, this bull flag says we’re going to 32 cents,’” he said. “Watch Bitcoin. Watch USDT dominance. Then look at your pairing charts. Only then should you touch the Doge/USD chart.” With a deeply technical roadmap, macroeconomic awareness, and a data-driven approach, Kev made one thing clear: Dogecoin’s path to $1 isn’t hopium—it’s a real possibility, if the market allows it. At press time, DOGE traded at $0.241. Featured image created with DALL.E, chart from TradingView.com

In a fresh 12-hour chart shared on X, independent technician Cantonese Cat (@cantonmeow) underscores what he calls a “Bollinger Band squeeze” on Dogecoin, hinting that volatility could be about to erupt. Dogecoin Bollinger Bands Hint At ‘Huge Move’ The chart, captured at 03:54 UTC on May 21, fixes the memecoin at $0.22967 while the 20-period simple moving average (the Bollinger basis) tracks marginally lower at $0.22717. The upper and lower bands are parked at $0.24260 and $0.21175 respectively, compressing the trading envelope to barely three US cents and leaving just a 13.6% gap between the extremes—its tightest spread since early April’s doldrums. The chart lays out a clear chronology of volatility expansion and subsequent contraction. From May 6 onward Dogecoin erupted out of a month-long base, sprinting from the mid-$0.16 zone to print a local peak roughly at $0.26. That impulse detonated the bands to their widest reading in six weeks. Since then, the DOGE price has traced a shallow pull-back but—importantly—has not surrendered the 20-SMA. Each dip into the mid-$0.21 area has been absorbed, carving out progressively higher lows and turning the mid-band into dynamic support. Related Reading: Dogecoin Breakout Expected Within The Next 7 Days: Analyst With the bands now coiling, traders are eyeing the inflection points telegraphed by the indicator. A decisive 12-hour settlement beyond the upper rail at $0.243 would release price into open air, exposing the recent swing high at $0.27 and, beyond that. Conversely, a candle body punched through the lower rail at $0.212 would nullify the short-term bullish structure and likely drag Dogecoin toward the psychological $0.20 handle and May’s value area near $0.16. Until either threshold gives way, the squeeze itself remains the story. “Bollinger band squeezing, getting ready for the next huge move,” the analyst writes fittingly. Related Reading: Dogecoin On The Edge: Major Breakout Or Breakdown Imminent? DOGE Channel Breakout Is Brewing Shifting up to the one-day view, Dogecoin’s action since the November-2024 peak is contained by a broad descending channel whose ceiling now descends through the $0.24 corridor. Price is camped directly beneath that upper rail at $0.231, an area that also coincides almost to the cent with the 61.8% Fibonacci retracement of the full November-high–to–mid-March-low leg ($0.234). The confluence creates a technically potent lid: a daily close above it would not only mark the first breach of the seven-month channel but would simultaneously reclaim the “golden ratio,” an event that historically invites trend acceleration. If bulls can force settlement north of the overhead trendline and the 0.618 Fib, the next magnet resides at the 0.5 retracement ($0.2824). Beyond that, the 0.382 level at $0.3300 and the 0.236 at $0.3890 bracket the higher targets inside the channel’s former interior. Failure here would leave a well-defined support ladder: the 200-day EMA at $0.217, the 100-day at $0.207, and the cluster around the 0.786 Fib at $0.1669. Only a decisive break of those shelves would re-energise bears sufficient to revisit the March capitulation trough at $0.13. Featured image created with DALL.E, chart from TradingView.com

Dogecoin has entered a critical phase as it consolidates below the $0.26 resistance level, facing rising pressure after a sharp rejection last week. Since tagging a local high on May 10th, DOGE has dropped over 18%, retracing some of the gains from its impressive rally that began in early April. Bulls had built strong momentum following the breakout above $0.13, which marked a 100% price surge within a month. However, recent price action suggests the move may be stalling. Related Reading: Ethereum Flashes Golden Cross Signal – Can Bulls Push ETH To $3,000? The market now watches closely to see if Dogecoin can defend current levels or if further downside is on the horizon. According to top analyst Ali Martinez, the latest rejection has opened the door for a possible revisit to the $0.213 level — a key zone that previously served as both resistance and support. This level may now act as a magnet for price if bullish control continues to fade. While sentiment remains cautiously optimistic, the next move will depend on whether bulls can reclaim momentum or if DOGE breaks below its local range. The coming days could define the trajectory of Dogecoin’s midterm trend, with volatility likely to pick up. Speculation Rises But DOGE Faces Crucial Test During the recent correction that sent shockwaves across the crypto market, meme coins like Dogecoin were among the most heavily affected assets. As Bitcoin and major altcoins faced steep retracements, DOGE experienced an aggressive pullback, shedding over 18% since May 10th and erasing a significant portion of its earlier gains. This correction disrupted the bullish structure that had formed after DOGE surged over 100% from early April, following a breakout above the $0.13 mark. Despite the drop, speculation continues to mount around Dogecoin’s potential to lead if the market regains momentum. Historically, DOGE has acted as a high-beta asset, often outperforming in euphoric phases of the cycle. With the broader market attempting to stabilize, some analysts view DOGE as a likely beneficiary if sentiment shifts bullish once again. Still, risks remain. Price is now hovering just above key support levels, and a failure to hold this zone could trigger a deeper retracement. Martinez shared a technical view suggesting that if current levels fail to hold, Dogecoin may want to revisit the $0.213 level — a critical area that previously acted as a launchpad during the April breakout. The coming sessions are likely to be decisive. The meme coin narrative could regain strength if bulls reclaim control and push DOGE back toward the $0.26 resistance. However, if bearish momentum builds and DOGE breaks lower, it would signal a continuation of the current downtrend. For now, all eyes remain on this pivotal support zone as Dogecoin navigates a high-stakes moment within the broader market’s uncertain conditions. Related Reading: Chainlink Struggles At Key Resistance Level – $10 Support Back In Focus Technical Details: Dogecoin Facing Crucial Demand Dogecoin (DOGE) is showing signs of weakness after failing to hold above key resistance near $0.26 earlier this month. The daily chart indicates that DOGE is currently trading at $0.221, consolidating just above the 200-day EMA ($0.219) and below the 200-day SMA ($0.269). This range has acted as a battleground between bulls and bears, with the recent candles forming tight-bodied structures, signaling indecision. Volume has declined notably since the early May breakout, suggesting a loss of momentum and trader interest. If DOGE loses the $0.219–$0.220 support zone, the next logical support level sits near $0.213, aligning with analyst concerns of a potential retest of that level. A breakdown below this area could trigger further downside pressure toward the $0.19 zone. Related Reading: XRP Flashes Bullish Signal – Technical Indicator Hints At Imminent Rebound On the upside, reclaiming the 200-day SMA at $0.269 would be a significant bullish signal, as it would place DOGE back above long-term resistance. However, the current trend favors a cautious stance, especially amid broader market uncertainty and weakened sentiment across altcoins. Overall, the chart reflects a pause in bullish momentum and rising risk of a deeper retrace unless DOGE regains strength above key moving averages. The next few days could determine whether consolidation holds or turns into a full correction. Featured image from Dall-E, chart from TradingView

The daily Dogecoin/USDT chart published on X by Bitcoinsensus depicts the memecoin locked in a textbook bullish reversal that has been six months in the making. Dogecoin Breakout Within 7 Days? Price action stretching from last October’s vertical rally to the present has carved a broad descending trend line that caps every major swing-high: first the December spike just above $0.48, then a second, lower reaction high in mid-January around $0.43 and a third touch 10 days ago at roughly $0.26. That trend-line is still intact, but—crucially—it now sits only a few percentage points above the market. Within that larger down-trend, Bitcoinsensus highlights an inverted head-and-shoulders pattern whose left shoulder bottomed near $0.142 in mid-March, whose head extended to roughly$0.141 at the start of April, and whose right shoulder formed in early May at about $0.164. The neckline of that structure is not horizontal; it falls modestly from left to right and intersects the chart marginally above $0.185. The analyst marks the 8 May daily candle with a red circle labelled “Breakout,” signalling that the minimum technical requirement for pattern confirmation has already been met. Related Reading: Dogecoin On The Edge: Major Breakout Or Breakdown Imminent? Since that breakout, Dogecoin has retraced in what the analyst calls a healthy manner. The pull-back has so far respected the neckline, transforming it from resistance into first-layer support. Bitcoinsensus’ projected path, drawn in white, envisages one further dip that tags the long-term trend-line—now lurking near the $0.23–0.24 area—before momentum reverses upward. The forecast gives the market a seven-day window to complete that retest and launch a fresh advance. “Dogecoin has been slightly pulling back in a very healthy manner, preparing for the next major breakout. The anticipated breakout is expected to happen within the next 7 days, with a retest of the trendline for confirmation,” the analyst writes. Related Reading: Dogecoin Ready To Howl? Falling Wedge Breakout Hints At A Rally If the trend-line gives way, the next test would be a grey “Supply Zone” boxed between $0.42 and $0.43, an area that coincides with the January distribution range and the second anchor point of the descending trend-line. “Next Target will be the supply zone at around $0.42-$0.43 per DOGE. Expect a fast move up once the breakout is in full force,” the analyst adds. A decisive daily close inside that band would, in classical chart-theory terms, establish the first higher-high on a major timeframe since November and open the door to a broader trend reversal. Invalidation remains straightforward. A daily settlement back below the neckline—effectively the $0.185 handle—would negate the inverted head-and-shoulders structure and leave the March/April lows vulnerable. Until then, the technical bias skews higher, and the clock on Bitcoinsensus’ seven-day breakout thesis is ticking. At press time, DOGE traded at $0.221. Featured image created with DALL.E, chart from TradingView.com

The Dogecoin price has failed to reach its all-time high peaks after repeated rallies and subsequent beat downs. So far, it has been a dance between testing major resistance levels, and bulls trying to hold support as sell-offs mount. During this time, there has been a lot of fluctuations in the volume of the meme coin. Using historical performance, the Dogecoin trading volume could give a hint for where the price could be headed next. DOGE Trading Volume Still Trending Low The Dogecoin trading volume has been trending low as the Dogecoin price has retraced over the last few months. This has culminated in a fluctuating market as investors remain very cautious when it comes to the market and meme coins like DOGE have suffered as a result. Related Reading: Dogecoin Price Resistance In View: Why The Key Lies At $0.25 According to data from the Coinglass website, the Dogecoin derivatives trading volume has not been able to even hit half of where it was back in November 2024 when the market was pumping. If anything, the decline has been consistent, with spikes here and there as the Dogecoin price fluctuated. As of May 19, the total DOGE derivatives trading volume was sitting at a mere $6 billion. Compared to the $60.11 billion peak that was recorded back in November 2024, the derivatives volume is down my around 90% since then. There was a small spike in the volume to above $10 billion back on May 13 as DOGE bulls had pushed for higher prices. However, this was short-lived as another round of sell-offs has sent the price spiraling again, pushing the trading volume back down in response. What This Could Mean For The Dogecoin Price Historically, the increase in the derivatives trading volume have often coincided with the rise in the token’s price. This is visible throughout the years, and quite prominent in 2021, when the meme coin recorded its current all-time high above $0.7. Related Reading: Dogecoin Price Tests Panic Zone At $0.21, Breakdown Could Lead To Price Crash Currently, with the derivatives volume still trending low, it could translate to lower levels for the Dogecoin price. Mostly, crypto traders are skewed toward shorting when it comes to betting on the Dogecoin price, leading to the suppression. For this to change, there would have to be a definite change in the Dogecoin trading volume, akin to what was seen back in November 2024. If the volume is able to at least get back above $30 billion, then it is possible for the Dogecoin price to break toward $0.5. However, a break above the $0.7 all-time high would require even much larger figures. Despite the volume beating the 2021 peak of $24.82 billion, the Dogecoin price still did not cross $0.5. This suggests much higher buying pressures than 2021 are required to send the Dogecoin price above $0.7 once more. Featured image from Dall.E, chart from TradingView.com

The Dogecoin price could be at a critical juncture for a breakout but momentum needs to persist. On the four-hour chart shared by analyst Josh Olszewicz, price has been sliding inside a clearly defined falling-wedge formation since printing a local high at $0.25941 on 13 May. The upper and lower boundaries of that wedge continue to drift lower, trapping successive swing highs and lows; the lower rail is presently guiding support at while the upper rail caps the market near $0.219. Within that compression, Olszewicz overlays an Ichimoku system set to short-cycle parameters (20/60/120/30). The most recent completed candle — stamped 17 May 08:00 UTC — settled at $0.21532 after trading between $0.21187 and $0.21676. That close left price lodged squarely inside the cloud, a location that typically denotes equilibrium. Internally, the Tenkan-sen rests at $0.21427, the Kijun-sen at $0.22524, Senkou Span A at $0.22102 and Senkou Span B at $0.21184, creating an unusually tight band of short-term reference levels. Related Reading: Dogecoin Price Tops Tend To Follow Surges In Retail Futures Activity, Analysis Shows The zone between the wedge floor and Span B around $0.212–0.214 forms a high-confluence support zone that has already produced two intraday rebounds. Conversely, the Kijun-sen and descending wedge resistance intersect near $0.225, erecting an equally visible ceiling overhead. As long as price remains trapped between those two lines, momentum traders are likely to see a low-volatility coil; the first decisive breach — particularly a four-hour close through the upper rail — would satisfy every textbook criterion for a bullish falling-wedge resolution and mechanically projects a return toward the 13 May high. Dogecoin Looks Still Strong Cantonese Cat’s weekly perspective speaks to a larger cycle. In his chart, Dogecoin has just finished its first weekly close above the Bull Market Support Band — essentially the 20-week simple moving average enveloped by a two-sigma envelope — since early February. That band currently spans $0.21617 at the lower edge to $0.22378 at the upper edge; last week’s candle settled at $0.22387, a whisker above the cap, converting what had been resistance throughout the spring into provisional support. The break occurs while the Bollinger upper band is still descending from the February crest near $0.35, an indication that volatility on the weekly time-frame has only just begun to contract after a multi-month bear unwind. The midline of the Bollinger structure, identical to the 20-week SMA and the top of the Bull Market Support Band, is therefore the single most important pivot for the week ahead. Related Reading: Dogecoin Pullback May Be Short-Lived—Here’s The Next Price Target A second consecutive weekly settlement above $0.22378 would confirm the first as more than a one-off spike and could embolden trend-followers to price in a medium-term push toward the mid-$0.30s where the upper band presently curves. Taken together, the two time-frames sketch a clear roadmap. Short-term traders will be looking for a resolution of the descending wedge; a bullish breakout through $0.219 would immediately shift focus to prior supply at $0.24-0.26, whereas a failure to hold $0.205 risks an acceleration toward the April pivot at $0.185. At press time, DOGE traded at $0.217. Featured image created with DALL.E, chart from TradingView.com

Over the last few days, the Dogecoin price has struggled to hold up with the Bitcoin price hitting multiple resistances. This has triggered a wave of liquidations for crypto traders who have been betting on the price to go higher. The decline has also raised concerns as to whether the bullish rally that began at the start of the month is finally over. Dogecoin Price Faces Major Resistance Crypto analyst MindfullyLost has explained what is plaguing the Dogecoin price recently. According to the crypto analyst, the Dogecoin price has seen good support on the 4HR, which has continued to be above $0.21, even through the downtrend. Related Reading: Golden Ratio Multiplier Called Bitcoin Top In 2021 – Here’s What It’s Saying Now Also, when it comes to the hourly chart, there is also support forming for Dogecoin at this level. This comes after a retest of the $0.22 level before the bulls were able to bounce. This shows weakness in this support and could fail with a more dominant move. Presently, there is resistance mounting at $0.23 for the Dogecoin price and the bears are already bearing down on this level. As the crypto analyst shows, a break above this level would be confirmation of the uptrend for the Dogecoin price, making it a buy zone. The next major resistance after this then lies at $0.25 and this is the moment of truth for Dogecoin. Bulls would have to completely test and clear this resistance level. Otherwise, the chances of the price falling back down toward support at $0.21 remain high. What’s Next For DOGE? The Dogecoin price is currently consolidating and according to the crypto analyst, this consolidation could continue for a while. This would translate to sideways price movement for the foreseeable future, as well as a continuation of the battle for dominance between the bears and bulls. Related Reading: Cardano Market Structure Says Crash Is Coming, But $0.9 Is Still In The Cards Bulls would have to start pushing the price higher to actually try to test the first resistance level. Until then, Dogecoin could plunge further into the oversold territory, which would not be entirely bad for the price, making the rebound even stronger. As for how high the Dogecoin price could go if it breaks major resistance levels, some crypto analysts have called for a bounce to at least its previous all-time high at $0.71. While others have speculated that $1 is a natural destination for Dogecoin, and double-digit predictions, such as reaching as high as $10, have also made it to the forefront. Featured image from Dall.E, chart from TradingView.com

Dogecoin may be gearing up for its next major move as technical signals begin to turn in the bull’s favor. After a period of consolidation and downward pressure, DOGE has broken out of a falling wedge pattern, one of the most reliable bullish reversal formations in technical analysis. This breakout suggests that the meme coin could be on the verge of a potential rally, especially as momentum begins to build within a key price zone.  How The Falling Wedge And Rounded Bottom Favor Bulls In a recent post on X, a crypto analyst with the username “TitaniumXBTC” spotlighted an encouraging technical setup on Dogecoin’s chart. The expert emphasized that DOGE has successfully broken out of a falling wedge formation while completing a rounded bottom formation. These two chart patterns, when combined, often signal the exhaustion of a downtrend and the start of a potential uptrend, laying a strong foundation for future price appreciation. Related Reading: Dogecoin (DOGE) Struggles to Sustain Gain as Meme Coin Mania Cools Off The analyst pointed out that this breakout has already been validated, with Dogecoin gaining momentum as it pushes beyond the key resistance area. The bullish pressure appears to be accelerating within the highlighted zone, suggesting that buyers are stepping in with growing conviction. This move, if sustained, strengthens the case for a mid-to-long-term rally, with the breakout zone acting as a launchpad for further gains.  Despite the optimism, the expert cautioned that confirmation is necessary. Should the breakout hold and attract continued interest, Dogecoin could be poised to reclaim higher levels and potentially ignite a broader trend reversal. With bullish energy building, all eyes are now on DOGE to see if it can capitalize on this momentum and deliver on the promising setup. Dogecoin Bullish Path Ahead: Target Zones After The Breakout According to the crypto expert, the key price levels to watch for DOGE in the near-to-mid term are $0.3757, $0.4884, and $0.6160. These targets have been identified based on the breakout from the falling wedge pattern and alignment with historical resistance zones that could come into play as the rally progresses. Each of these levels represents a potential milestone where momentum may pause, consolidate, or even reverse, depending on overall market sentiment and trading volume. Related Reading: Dogecoin Eyes $1.80 In Summer Rally As Analyst Flags Breakout Structure The breakout’s confirmation suggests that Dogecoin has re-entered a bullish phase, and if buying pressure continues, these price levels could serve as realistic upside targets for traders and long-term holders alike. Reaching these zones may attract increased attention from investors looking for profit-taking opportunities, or even fuel additional rallies if broken with strong volume. Featured image from Getty Images, chart from Tradingview.com

Dogecoin is back in the spotlight after surging more than 50% in recent weeks, reclaiming bullish momentum across key timeframes. The meme-inspired cryptocurrency is now facing a critical demand zone, where bulls must hold the line to confirm the potential for continued upside. With market sentiment shifting in favor of risk-on assets, DOGE has emerged once again as one of the leading altcoins, capturing investor attention. Related Reading: Solana Sees Renewed Demand As Capital Flows Turn Positive – Details Despite the sharp gains, the rally may just be getting started, especially if on-chain trends are any indication. According to new data from Santiment, whales have accumulated massive amounts of DOGE in the past month. This wave of large-holder accumulation suggests growing confidence among experienced investors and may serve as fuel for another leg up. However, the current levels must act as a launchpad, not a ceiling. If bulls can maintain control and defend local support, a breakout toward previous highs could follow. But if demand begins to weaken, DOGE may enter a consolidation phase before its next big move. For now, all eyes are on how price behaves in this zone of heavy accumulation. One thing is clear: whales are positioning for something. Dogecoin Whale Activity Signals Potential Recovery After months of decline and market-wide fear, Dogecoin is finally showing signs of strength. The meme-coin, long criticized for its volatility, has begun to recover from its recent lows, gaining over 50% in the past few weeks. While DOGE remains more than 50% below its December 2024 high, the latest price action suggests a meaningful shift in momentum may be underway. The overall market backdrop remains uncertain. Weakening macroeconomic data, ranging from slowing GDP growth to shaky consumer sentiment, continue to cast a shadow over risk assets. For now, traders are treading carefully, especially in speculative altcoins like Dogecoin. Still, if DOGE can maintain support above its current levels, analysts believe the recovery could extend into a broader rally. Adding to the bullish narrative, top analyst Ali Martinez shared on-chain data showing that whales have accumulated over 1 billion DOGE in the past month. This buying activity—often seen as a leading indicator of future moves—suggests that large holders are confident in Dogecoin’s upside potential. It also marks a significant reversal from prior trends of outflows and distribution. If the current support holds, and whale accumulation continues, Dogecoin could be gearing up for another explosive move. While caution remains warranted in the short term, especially if macro conditions worsen, the long-term outlook is strengthening as fundamentals and sentiment slowly begin to align. For now, all eyes are on whether the meme-coin can hold its ground and break through resistance levels that once marked the top of its previous cycles. Related Reading: Ethereum Eyes $2.4K Retest – Analyst Sets Key Levels To Watch Price Analysis: Consolidation After Rally Dogecoin is currently consolidating after a sharp rally that took the price from below $0.17 to nearly $0.26 in early May. As shown in the 4-hour chart, DOGE has pulled back to the $0.22–$0.23 zone, where it’s attempting to form a local base. This area aligns with the previous breakout structure and sits slightly above the 200 EMA ($0.195) and 200 SMA ($0.183), both of which are now sloping upward, confirming trend support. Volume surged during the breakout, indicating strong interest, but has since declined, suggesting that bulls are pausing to reassess before another potential leg up. The structure now shows a range forming between $0.22 and $0.24, with $0.24 acting as short-term resistance. A break above this level could lead to a retest of the $0.26 high and potentially open the door to $0.28. Related Reading: Ethereum MVRV Pricing Bands Show Key Resistance Around $3,100 Level – Details However, if DOGE loses the $0.22 level, the next support lies around the 200 EMA. A deeper pullback to the $0.20–$0.195 range would still be considered healthy within the broader uptrend, but any close below the 200 SMA would weaken the bullish outlook. Featured image from Dall-E, chart from TradingView

Dogecoin’s rally of more than 78% in the last 38 days appears to be more than a fleeting spark, according to two independent studies published on X by chartists Bluntz (@Bluntz_Capital) and TSG (@tsg0x). Both analysts point to classical continuation structures that remain intact after DOGE peaked at $0.2597 on Sunday. While profit-taking has set in, they agree that the next objective lies in the mid-$0.30s. Bluntz’ twelve-hour Binance chart maps out an almost textbook inverse head-and-shoulders that evolved in late-February and was confirmed in early May. The left shoulder was stamped out in mid-March around $0.142, the head was carved at ~$0.129 in the first week of April, and the right shoulder completed at the start of May at $0.164. A descending neckline that had capped price since over the past two months intersected around $0.20; that barrier gave way last week on the heaviest twelve-hour volume cluster since February of 2025 so far, a key confirmation that the breakout is powered by real participation rather than thin-order-book volatility. Related Reading: Dogecoin Chart ‘Looks Perfect’: Analyst Targets $1.10–$1.25 Zone Subsequent candles carried DOGE almost to $0.26 before a modest pullback to $0.217 set in. Momentum remains constructive: the RSI, which briefly tagged the oversold area on the breakout, has cooled to the low-60s, suggesting that overbought conditions have been reset without surrendering bullish structure. The measured-move rule for an inverse head-and-shoulders—neckline to head depth of roughly eight cents—projects an initial destination in the $0.26-$0.28 region, in line with the hand-drawn arrow on Bluntz’ chart that shoots into the low-$0.30s. TSG zooms into the four-hour timeframe and observes the same impulse consolidating within a descending parallel channel spanning $0.22–$0.26, a classic bull flag. On a breakout, he assigns a precise target of $0.32928. Related Reading: Dogecoin Hits Critical Zone—Here’s What 3 Leading Analysts Are Watching He buttresses this outlook with a time projection, an arrow that anticipates the next decisive move within the coming days. If the flag fails, invalidation arrives on a four-hour close beneath the lower channel boundary near $0.20; below that, a cyan demand block between roughly $0.16 and $0.21 aligns with the rising trend-line that has underpinned price action since early April, offering bulls a secondary zone to reload. Taken together, the two studies sketch an aligned roadmap. If Dogecoin holds above the $0.20 area, the next price target could be the $0.32 region. At press time, Dogecoin changed hands near $0.228, hovering near the breakout line of the descending trend channel which originated in December last year and dominated price actions since then. Notably, the midline of this channel is also situated just below $0.20, reinforcing the importance of this level for a continuation of the bullish impulse. Featured image created with DALL.E, chart from TradingView.com

Crypto analyst Kevin (@Kev_Capital_TA) has delivered a strongly bullish outlook for Dogecoin in his latest video update, describing the meme-turned-macro asset’s current structure as one of the most compelling setups across the entire altcoin market. “Dogecoin has one of the nicest charts, if not the nicest altcoin chart in all of altcoins,” Kevin said. “Next to XRP and ETH, Dogecoin got a beautiful chart.” Dogecoin’s Pattern Mirrors Last Bull Run In a wide-ranging technical review covering Bitcoin, Ethereum, and macro trends, Kevin dedicated a significant section of his analysis to Dogecoin, highlighting an emerging pattern of higher lows, clean breakouts, and bullish divergences that mirror previous accumulation phases. According to him, Dogecoin is displaying what he called “perfect price structure”—a rare quality among altcoins. “You get this bottom, you get the double bottom, you get the bullish divergence. Bang,” he said while showcasing recent price action and comparing it to prior cycles. “Then again—you get the bottom, the double bottom, the bullish divergence. Bang. This is literally the same thing all over again.” Related Reading: Dogecoin Hits Critical Zone—Here’s What 3 Leading Analysts Are Watching Kevin’s view is built on strong historical confluence and Fibonacci retracement zones. He noted that Dogecoin’s last major bull cycle saw the token top out at precisely the 1.618 to 1.703 Fibonacci extension range. By replicating the same fib structure from the most recent bottom, Kevin identified a similar target range between $1.10 and $1.25, calling it a “real deal price target” rather than clickbait. “Could $1.10 to $1.25 be the next target for Doge?” he asked. “I think if we can replicate a move like we did back in November—which we can, and if anything, we can do way better—then absolutely. That’s the zone I’m watching.” He further emphasized that the golden pocket and the 1.703 fib extension mark a crucial resistance area, just as they did in Dogecoin’s previous cycle. “Remember this,” Kevin said. “You run your fib—boom—Dogecoin tops out right at the golden pocket and the 1.703 fib. We’re seeing the same thing lineup here.” Zooming out, Kevin placed Dogecoin’s strength in the broader context of a shifting crypto macro environment. Bitcoin dominance, he noted, is dropping sharply from the macro 0.786 Fibonacci level—a move that typically allows altcoins like Dogecoin to catch a stronger bid. “We are seeing exactly what we said would happen. That is: altcoins catching a bid. A really nice bid,” he remarked. Related Reading: Can Dogecoin Realistically Reach $1? Analyst Sees Strong Setup The bullish sentiment extends beyond Dogecoin. Kevin noted that macroeconomic data is supportive, with declining inflation, rising GDP, strong labor markets, and easing tariff fears contributing to renewed confidence across financial markets. “Everything seems to be lining up at the exact right time,” he said. “We’ve got the macro on our side, we’ve got the technicals on our side, and now even Dogecoin is flashing green.” Still, he added a caveat of caution. “In the short term, just be a little cautious until we break the resistance we need to break,” Kevin said, referencing the broader crypto market’s proximity to key Fibonacci and moving average thresholds. “Treat resistance as resistance—until it’s not.” Nonetheless, Kevin concluded that Dogecoin’s current setup is as strong as it’s been in years. “This is just perfect, perfect price structure,” he reiterated. “When the market gets going, I think this thing’s going to perform massively.” His final message: if history rhymes, Dogecoin could be poised for a powerful move to surpass the psychological $1 mark. At press time, DOGE traded at $0.242. Featured image created with DALL.E, chart from TradingView.com

Data shows the Dogecoin Futures Open Interest has continued to rise, a sign that the price pullback hasn’t discouraged speculative activity. Dogecoin Futures Open Interest Is Up Almost 64% Over Past Week In a new post on X, the analytics firm Glassnode has talked about the latest trend in the Futures Open Interest of Dogecoin. The “Futures Open Interest” here refers to a metric that keeps track of the total amount of futures positions related to DOGE that are currently open on all centralized derivatives exchanges. When the value of this metric goes up, it means the investors are opening up more positions on the market. The total leverage present in the sector usually goes up when new positions appear, so this kind of trend can lead to more volatility for the asset’s price. Related Reading: Bitcoin Sharks & Whales Continue To Accumulate: Stage Set For New All-Time High? On the other hand, the indicator observing a decline suggests the holders are either closing up positions of their own volition or getting liquidated by their platform. Usually, the cryptocurrency becomes more stable following such a trend. Now, here is a chart that shows the trend in the Dogecoin Futures Open Interest over the last few months: As displayed in the above graph, the Dogecoin Futures Open Interest has witnessed a huge increase recently, a sign that investors have put up a large number of bets related to the memecoin. Over the past week, the metric’s value has gone from $989 million to $1.62 billion, which implies growth of almost 64%. Initially, this strong uplift in speculative activity coincided with DOGE’s sharp recovery rally. Investors usually find rallies to be exciting, so they tend to open up more positions on the futures market during them. Interestingly, though, despite the fact that the Dogecoin rally has gone cool most recently and the price has even registered some pullback, the Futures Open Interest has only continued to move up. “This decoupling suggests persistent speculative positioning, even as price momentum fades – a setup worth monitoring,” notes the analytics firm. Related Reading: Bitcoin Near ATH, But Still No Extreme Greed: Green Sign For Bull Run? DOGE isn’t the only asset that has enjoyed a boost in speculative activity recently. As Glassnode has pointed out in another X post, XRP has also seen its Futures Open Interest shoot up. During the same window as Dogecoin’s Open Interest increase, XRP has observed the indicator go up by 41.6%, from $2.4 billion to $3.4 billion. “This sharp increase in leverage coincides with a price rally from $2.14 to $2.48, suggesting elevated speculative activity and growing directional conviction,” says the analytics firm. DOGE Price At the time of writing, Dogecoin is trading around $0.236, up more than 42% over the past week. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Dogecoin’s revival from the late-April trough at $0.1298 to Monday’s intraday spike at roughly $0.2597 has thrust the original meme-asset into a technically decisive arena, inspiring three top market technicians to publish fresh views. What’s Next For Dogecoin? Crypto analyst Ali Martinez plots a 12-hour DOGE/USD chart that frames a supply band between $0.25 and $0.27. That zone supported price in December 2024 and February 2025 three times, but flipped to resistance after late February’s breakdown, a role it has repeated in every rally since. Martinez marks each failed thrust with black arrows and notes the most recent 12-hour close at $0.24903 sitting inside the band. In his words, “Dogecoin has reached a crucial area of resistance!” Until bulls print decisive closes above the upper boundary at $0.27, the region remains a potential turning point. Rekt Capital zooms out to the weekly time-frame and points to a horizontal pivot at $0.22014, labelled “Pre-Halving resistance” on his DOGE/USDT chart. After reclaiming that level, price is now dipping back toward it, a move the analyst calls “that key retest of Pre-Halving resistance into new support … Retest is now in progress. Hold green and at least $0.27 would be next.” Related Reading: Can Dogecoin Realistically Reach $1? Analyst Sees Strong Setup The green support box extends roughly $0.19–$0.22 and sits atop an 18-month rising trend-line that converges near $0.15901. A weekly defence of this cluster would open the way to the next resistances Rekt Capital plots at $0.27884 and $0.33817. Bitcoinsensus focuses on momentum, overlaying a weekly MACD on his DOGE/USDT chart. The fast line is on the verge of crossing above the signal line for the first time since late-2024. He highlights that the previous two bullish crossovers preceded rallies of ≈ +165 % (to $0.23) and ≈ +330 % (to $0.48). Related Reading: Can Dogecoin Reach $0.60? This Price Level Is Now Crucial Citing that pattern, the analyst writes: “DOGE BULLISH MACD CROSS … Next Price Target : $0.72.” His chart projects a parabolic path toward $0.72, while a dotted ascending baseline anchored in March 2024 still underpins the structure in the mid-$0.15 region. Collectively the three studies leave Dogecoin at an inflection point. A clean break above $0.27 would neutralise the multi-month supply zone highlighted by Martinez and validate Rekt Capital’s next weekly objectives. Failure to sustain that level, or a weekly close back under $0.22, would refocus attention on the trend-line and horizontal support in the high-$0.15s. For momentum traders, confirmation of the looming MACD crossover could be the trigger that sets the stage for Bitcoinsensus’ lofty $0.72 projection. For now, participants watch whether the meme-coin’s latest bark translates into another bite. At press time, DOGE traded at $0.22485. Featured image created with DALL.E, chart from TradingView.com

Dogecoin’s muted spring rally has reignited a perennial retail question: can the world’s best-known meme coin break the $1 barrier before the current market upswing exhausts itself? In a 13-minute market update published on Sunday, independent strategist Kevin—known online as Kev Capital TA—answered with an unequivocal “yes,” pointing to a confluence of long-term Fibonacci targets, momentum indicators and a macro backdrop he believes is finally turning supportive for high-beta crypto assets. Is $1 Realistic For Dogecoin? “Can Dogecoin hit $1 this cycle? The answer is yes, it absolutely can,” Kevin told his followers at the outset of the video. He argued that Dogecoin is now in its third major cycle and has historically advanced to the 1.618 Fibonacci extension on the monthly chart. That extension currently sits at roughly $3.80, “well above a dollar,” he noted, while stressing that citing the level is “not a price call” but a way to frame upside potential. Related Reading: Can Dogecoin Reach $0.60? This Price Level Is Now Crucial Kevin’s conviction rests on momentum gauges that, in his reading, show Dogecoin barely warming up. On the monthly relative-strength index, he traced an ascending trend that has been intact since the post-Luna crash lows in June 2022. “We hit roughly 50 cents with the monthly RSI at 75,” he said, adding that in prior cycles the indicator climbed to at least 89.4. “Look how much room we have to go.” A fresh bullish crossover in the monthly stochastic oscillator would, in his view, confirm the move. The analyst also linked Dogecoin’s prospects to a macro mix he characterises as increasingly benign: expectations for US rate cuts, a deceleration in quantitative tightening and a rise in global liquidity. He contended that these forces, coupled with a downturn in Bitcoin dominance that his desk called on 28 April at 65.45%, create the conditions for a classic “alt-season.” “Altcoins are oscillators to Bitcoin… monetary policy being easier on the economy is what drives that liquidity into the market,” he explained. Key chart landmarks remain in focus. Kevin cited a “perfect inverse head-and-shoulders” accumulation which he entered at an average price of $0.15—now “up 65–70%”—and set sequential objectives at $0.48 and the previous all-time high near $0.74. The $1 level would follow only if liquidity trends continue to improve and Bitcoin dominance “durably” breaks down. “Realistically, if we keep seeing this path of easing monetary policy… we can absolutely see Dogecoin at a dollar by the end of the year,” he concluded. Related Reading: Dogecoin ‘Looks Incredible Here,’ Says Crypto Analyst — Here’s Why Sceptics might flag Dogecoin’s 2021 spike—fueled by social-media fervour and Elon Musk’s “Saturday Night Live” appearance—as a one-off event; Kevin counters that the same Pi-cycle moving-average pair that nailed prior tops is “nowhere near crossing,” implying headroom before froth returns. The shorter-term yellow average, he said, “won’t even start moving higher until Dogecoin hits 40 to 41 cents,” leaving a notional 145% cushion between today’s price and $1 even in an advancing market. Although Kevin acknowledged that “we’re here to make money, we’re not here to get attached,” he tempered expectations of parabolic targets circulating on social media. “We’re not going to turn this into a Dogecoin to $35 video… This is a video based on facts,” he told viewers, urging them to treat $1 as an ambitious but data-driven milestone rather than a guarantee. With Dogecoin hovering near $0.25 at press time, the meme coin would need a four-fold rally to tag the psychologically potent dollar mark. Featured image created with DALL.E, chart from TradingView.com

The Dogecoin price has seen a major rebound recently, which has brought it above the $0.23 resistance over the weekend. This upward move looks to have been sustained as buyers have regained power over the market in the last week. Despite the already notable rally that the meme coin has enjoyed recently, expectations remain that it will continue to rise higher, with crypto analysts predicting an explosive rally for the altcoin. Dogecoin Price Remains Very Bullish Pseudonymous crypto analyst MMBTtrader on the TradingView website has outlined that the Dogecoin price remains highly bullish. The current pump is expected to continue as Dogecoin has yet to hit any major resistance, thus setting it on a path to possibly double. Related Reading: Dogecoin Undergoes MACD Crossover: Is The $1 Milestone Within Reach? As the crypto analyst points out, the Dogecoin price could likely see a correction after rising so much recently. However, this is expected to only be short-term and would, in fact, fuel the rally and serve as a bounce-off point for further rallies. This corruption could happen just below $0.25. However, the analyst does point out that with the Dogecoin price being so bullish, it is possible that it rises higher than this level before the correction happens. Presently, the only thing holding the Dogecoin price back is the trend line outlined in red in the analyst’s chart. This serves as a deciding point for the meme coin, and a break above it is expected to push the price forward. In this case, the crypto analyst expects it to rise as high as $0.4. Additionally, they add that if it breaks above $0.4, it would signal an extremely bullish market, pushing the Dogecoin price toward $0.75, and then $1. On the other hand, though, a failure to break above the trend line could signal the beginning of bearish pressure. As the chart shows, the first bearish stop would be at $0.13548. Further downtrend could then send it below $0.1 to $0.09024. Related Reading: Ethereum Surge Above $2,200 Says Bear Market Is Over, Analyst Calls $5,791 ‘Easy’ Target DOGE Still Shooting For $1 Another crypto analyst has also suggested that the Dogecoin price could be heading for the $1 target. They explain that after the strong bounce of the $0.14 support, Dogecoin is now showing signs of a bullish reversal on the weekly timeframe. This casts a wider net for targets for the meme coin’s price as the uptrend plays out. From here, the crypto analyst explains that if the Dogecoin price can hold, then the next main target is $1. For this to happen, though, volume confirmation and how the price performs in the next few weeks are crucial. “DOGE might just be gearing up for another historic run,” the analyst said. Featured image from Dall.E, chart from TradingView.com

The Dogecoin price appears to be on a continued rebound, with bulls regaining some control over the market after weeks of sideways trading and downward pressure. However, the momentum is being tested as strong resistance builds around the $0.205 level. A recent analysis highlights this crucial zone and outlines the roadmap for Dogecoin’s next move.  Dogecoin Price Recovery Faces Critical Resistance TradingView crypto analyst Lingrid recently shared a technical analysis featuring a classic continuation pattern unfolding for Dogecoin. The analyst revealed that the Dogecoin price is attempting a recovery after rebounding from a key ascending trendline and breaking out of a Falling Wedge pattern.  Related Reading: Dogecoin Price Ready For Next 500% Wave, Here’s The Target Following this, Dogecoin is now retesting the breakout level around $0.175, where both the wedge resistance and ascending trendline converge. The cryptocurrency has also formed a higher low structure on its price chart. Notably, this breakout zone is critical, as holding above it would confirm the breakout and set the stage for potential gains.  Lingrid has revealed that traders are currently watching closely for continuation toward the next resistance area. The $0.19 level has been set as the next immediate breakout target, aligning with the top of the previous range and the midpoint of the broader resistance area.  A push beyond $0.19 would open the door for a run toward the range between $0.2 – $0.21, a key resistance area where selling pressures could intensify. While Dogecoin’s structure remains relatively bullish with higher lows forming, Lingrid has also cautioned that overhead resistance near $0.19 and $0.2 could slow down the momentum.  Notably, Dogecoin’s trading volume will also play a key role in its price action and future moves. As the price approaches the wedge apex, fluctuations in volume could either sustain the strength of the rally or weaken it. DOGE To Decline Further If Support Fails Since the beginning of this year, the Dogecoin price has recorded its fair share of unexpected price declines and volatility. While Lingrid’s analysis shares encouraging signs of a potential price recovery and bull rally, Dogecoin’s breakout remains at risk. Related Reading: Dogecoin Price Poised For Breakout Amid Accumulation, Here’s The Target If its price fails to hold the critical support zone at $0.175, especially with a strong candle close below this level, the projected breakout could be invalidated. This would, in turn, potentially lead to a steeper price breakdown toward $0.15, representing a 25% decrease from its current market value of $0.2.  Lingrid also mentions that a failure to maintain buyer interest near the wedge apex and weakening volume could also contribute to market indecision, making a swift recovery less likely. As a result, traders are advised to watch the $0.175 zone closely as a key breakout point that will determine whether Dogecoin resumes its climb or faces renewed downward pressure. Featured image from Getty Images, chart from Tradingview.com

In his latest YouTube briefing to 292,000 subscribers, the analyst known as “More Crypto Online” (MCO) argued that Dogecoin’s recovery from early-May support keeps the memecoin’s larger Elliott-wave roadmap intact and, crucially, leaves open the long-discussed advance toward the $0.60 region. Dogecoin’s Path To $0.60 Speaking less than forty-eight hours after Dogecoin’s local low on 6 May at roughly $0.163, MCO underlined that price action has so far respected the fourth-wave Fibonacci retracement he mapped out in previous sessions. “The price held this support area between 15.5 cents and 16.8 cents as standard Fibonacci support in a wave four,” he noted, adding that the bounce has already satisfied the “bare minimum” requirement for a fifth-wave launch. The analyst’s near-term pivot (1-hour chart) remains the $0.18 line—exactly the 50 percent retracement of the late-April impulse. “As long as we’re holding above $0.18, there’s absolutely no sign of a top,” MCO said, stressing that a decisive break below that threshold would force a reassessment of the intraday pattern and shift focus back to the 6 May swing low. He described $0.18 as the level that “allows for continuation, direct upside continuation, in an upside impulse.” Related Reading: 72% Of Binance Traders Go Long On Dogecoin, What Does This Mean For Price? So far, Dogecoin’s latest push has only retested the 30 April high near $0.193, leaving the fifth wave “not healthy enough to really be considered a fifth wave that’s already completed.” The analyst therefore expects at least “one or two Fibonacci levels above where the third wave topped,” singling out the 123.6 percent, 138.2 percent and 161.8 percent extensions as conventional zones that would validate a properly extended fifth wave. The ideal target area thus begins fractionally above $0.193 and could stretch into the low-20-cent range if momentum remains intact. MCO also mapped out the contingency in which the market loses the $0.18 floor. Provided the resulting retracement stays corrective and, critically, holds above the 6 May low at $0.163, he would view the setback as the “B-wave pullback” within a broader “wider ABC structure” that ultimately propels Dogecoin to fresh cycle highs. “That would allow for a wider ABC structure… and the B-wave pullback could just be corrective but must hold above this 6 May low,” he explained. Related Reading: Dogecoin ‘Looks Incredible Here,’ Says Crypto Analyst — Here’s Why While the current segment concentrated on the micro-structure—whether the fifth wave finishes in a single thrust or morphs into a more complex ABC variant—the analyst reiterated that none of the outlined scenarios negate the larger bullish thesis so long as the $0.155 to $0.168 macro support band survives. That framework still culminates in a wave count that projects Dogecoin toward the psychologically important $0.60-cent region once the full higher-degree impulse cycle unfolds. For now, the analyst’s dashboard remains straightforward: above $0.18, the burden of proof lies with bears; below it, the market will probe whether the corrective downswing is merely the prelude to the next—and potentially decisive—rally leg. As MCO concluded, “A direct move up remains the expectation […] but a break below will then, you know, force that discussion.” At press time, DOGE traded at $0.205. Featured image created with DALL.E, chart from TradingView.com

Dogecoin has spent the better part of three years digesting its 2021 blow-off-top, yet the popular meme-coin may be about to leave the consolidation range behind, according to a fresh weekly chart shared on X by the pseudonymous analyst Maelius (@MaeliusCrypto). Dogecoin ‘Looks Incredible’ The DOGE/USDT pair on Binance is printing a weekly candle at $0.1828 (open 0.1705, high 0.1833, low 0.1643), up 7.2% on the week. Two long-term moving averages frame the current structure: the 50-week exponential moving average (EMA-50) at $0.203 in blue and the rising 200-week EMA (EMA-200) at $0.138 in red. Price sliced below the EMA-50 earlier this year, but—crucially in Maelius’ view—never lost the EMA-200, which now sits inside a broad, slate-coloured demand zone running roughly from $0.11 to $0.20. A second layer of support comes from an ascending red trend-line that links the October 2023, August 2024 and April 2025 swing-lows. The most recent pullback, labelled “2” on the chart, bounced almost precisely where that diagonal meets the EMA-200 and the lower edge of demand—an area of triple confluence that technicians often see as a textbook springboard for the next advance. Related Reading: 72% Of Binance Traders Go Long On Dogecoin, What Does This Mean For Price? Maelius’ primary thesis rests on a nested 1-2, 1-2 Elliott Wave count. The first “1-2” sequence began with a thrust to ~$ 0.2288 in March 2024, retraced to $ 0.0805 in August the same year, and then ignited a larger impulsive leg that topped near $0.4843 in December last year (labelled the second “1”). The corrective follow-through to $0.1298 in April completed the second “2”. In Elliott terminology, two consecutive 1-2 structures “wind the spring” for wave 3 of (3)—historically the longest and steepest portion of an impulse. Maelius places the coming third wave, its subsequent fourth-wave consolidation, and a final fifth wave in the blank area above current price. He predicts DOGE to reach roughly $1 as part of the third wave, followed by a correctional fourth wave below $0.70. The fifth wave is forecasted to reach its climax somewhere between $1.30 and $1.70. Related Reading: Dogecoin Bounce Expected By Analyst Who Called Bitcoin Bottom Beneath the price action sits the WaveTrend Oscillator (WTO), a momentum indicator closely related to the TSI that measures the distance between an asset’s price and its own smoothed values. The WTO prints two lines and a histogram; a bullish cycle begins when the faster line crosses above the slower one from oversold territory (–60/–53 in the standard settings). That cross has just fired on the 1-week timeframe for the first time since the August 2024 low. The histogram has shifted from deep red to neutral grey, echoing similar transitions that preceded Dogecoin’s previous vertical advances. Put together, the chart describes a market that is holding a multi-year demand block, trading above its 200-week EMA, testing—though not yet reclaiming—its 50-week EMA, and exhibiting a fresh bullish momentum cross. From a pure-chart standpoint, those ingredients satisfy many of the conditions technicians look for when hunting the start of a primary trend leg. Maelius concludes: “DOGE looks incredible here, despite the fact it went lower as I initially expected (was expecting EMA50 to hold).Respecting major demand area, EMA200 as well as diagonal support and it seems like 1,2,1,2 is completed and now we head for 3rd EW (within larger 3rd). 1W WTO recently crossed, which is also supportive of bottom being in.” At press time, DOGE traded at $0.18445. Featured image created with DALL.E, chart from TradingView.com

Despite the Dogecoin price struggling and dropping recently, it seems investors are still very bullish on the meme coin. This is evidenced by the fact that there are now a large majority of crypto traders who are choosing to bet on a recovery for the meme coin rather than further decline. This is mostly visible on Binance, which is the world’s largest exchange, seeing a sharp drop in short accounts in favor of traders who are long on Dogecoin. 72% Of Binance Traders Are Bullish According to data from Coinglass, there are presently more bulls as regards to the Dogecoin price compared to bears. The Long/Short Ratio on the website helps to map out where crypto traders are leaning and how they are placing their bets. Using percentages, it shows how the vast majority are betting in regards to any coin and exchange, and for Binance, the results have shown more longs than shorts. Related Reading: Crypto Analyst Calls Wave 5 To Send XRP Price Above $6 Currently, of all open bets on Dogecoin on the Binance crypto exchange, a whopping 72.46% are long at the time of this writing. This leaves only a smaller percentage of 27.54% of traders who are short. On this account, it shows that bullishness is on the rise for the meme coin. Interestingly, this turn in sentiment seems to be mostly localized to the Binance exchange. Looking at the broader Long/Short Ratio for Dogecoin, there are still more shorts than longs. Total exchanges figures comes out to 51.86% of all open bets in the market currently being short, coming out to over $1.15 billion at the time of this writing. In contrast, only 48.19% of open bets are in favor of longs, coming out to less than $1.1 billion. This gap, despite being quite small, shows that sellers are still dominating the market now. This would explain the decline in the Dogecoin price despite the daily trading volume rising above $700 million. Can The Dogecoin Price Recover? The open interest when it comes to Dogecoin is still quite low as traders are trading more conservatively right now. This has followed the price decline and the fear sentiment that has gripped the market. However, times like these are usually when reversals begin, with many not expecting one. Related Reading: Ethereum Macro Trend Oscillator Shows Green Might Be On The Horizon A crypto analyst has also pointed out that the Dogecoin price is forming a strong Ascending Wedge pattern. Now, if this pattern is completed, it could put the meme coin on the path to a long-lasting rally. The target for this has been placed at $1.161, meaning the analyst is expecting the Dogecoin price to explode by more than 580% from here. Featured image from Dall.E, chart from TradingView.com

The Dogecoin two-day candlestick chart has returned to the same accumulation shelf that preceded its five-fold burst last autumn, and independent market technician Astronomer (@astronomer_zero) argues the pattern “looks bottomed—early call, and I’m long.” The strategist, who flagged Bitcoin’s April higher-low before it erupted through $69 000, told followers on X that DOGE now offers a “6R+ trade” back into December’s supply wall. The Dogecoin Bottom Is In The updated chart shows price printing successive wicks into a lavender demand band that begins at $0.12and tops out just below $0.15000. So far every test of that floor has been absorbed, leaving a series of higher two-day closes. “Alright, DOGE only moved slightly off the low,” Astronomer wrote, “so there still is a 6R+ trade to be scored if it were to go to the highs.” The black horizontal at $0.18210 marks the first decisive reclaim. Sunday’s session opened at $0.18141, punched to $0.18210, and settled at $0.17548—fractionally under the trigger but well clear of the grey value area that defines the analyst’s risk box. For traders running tight stops, the invalidation sits just under $0.12982, limiting downside to roughly twelve-and-a-half cents while keeping the full upside open to a $0.40000–0.48527 liquidity void shaded in emerald green. “If you want a defined risk for a defined reward,” Astronomer added, “a long as presented also makes sense.” Related Reading: Dogecoin Eyes $1.80 In Summer Rally As Analyst Flags Breakout Structure Technically the structure mimics October 2024, when DOGE carved a rounded base at $0.10, ignited on rising volume, and topped out at $0.48527 eight weeks later. “Last time we left the range mindset was October ‘24 and we bought DOGE at 10 c,” the analyst reminded readers. “It pulled a 5x before retracing for what IMO now has become a higher low.” The projection sketched on the chart anticipates a one to two months sideways chop inside the grey band that caps at roughly $0.175, followed by a staircase advance into the low-$0.30s and an autumn test of the December pivot. Related Reading: Dogecoin Could Hit $1.42 This Cycle In Bull Case, Says 21Shares None of the hand-drawn arrows pierce the old high, underscoring that the thesis is not predicated on price discovery—only on a mean-reversion to the last heavy supply node. “Given this is an altcoin and expectations are likely beyond $0.5, having heavy spot bags already pays for little risk,” he wrote. “They still may take time and take off slower than BTC, but the RR IMO will be higher.” As ever, confirmation will come—or fail—on the tape. A two-day close above $0.20000 would establish a higher-time-frame reversal and expose $0.30 liquidity, whereas a settlement beneath $0.12982 would invalidate the setup and reopen the 10-cent handle. Until then, Astronomer’s call rests on the premise that Bitcoin bottoms first, Ethereum follows, and “one by one, alts bottom out through cyclical timing, sentiment, and their respective POIs.” Dogecoin, he contends, just ticked every box. At press time, DOGE traded at $0.173. Featured image created with DALL.E, chart from TradingView.com

Dogecoin saw its price crash once again after a month of upward movement in April. This downturn has affected sentiment once again, pushing investors back into the fear territory. However, this might only be a small blip in the radar as the Dogecoin price could be ready for a rebound. One crypto analyst in particular has said that it is possible that the Dogecoin price has marked a bottom. Dogecoin Price Might Have Bottomed After Crash Crypto analyst Astronomer has called a possible bottom for the Dogecoin price after the rejection from $0.18. The analyst points out that the last time that the meme coin had similar fundamentals was back in October 2024, before the Dogecoin price rallied around 500% to a new local peak of $0.5. Related Reading: Ethereum Exchange Exodus Deepens: $380M Withdrawn As Crucial Support Level Emerges This time around, the crypto analyst believes that the current fundamentals is the same as back in 2024, as the altcoin market would be bottoming out. But this time around, Astronomer is expecting that the Dogecoin price would rally higher than it did before. At this level, it is expected that the Dogecoin price will reverse and bring a lot of rewards for investors. “IMO, given this is an altcoin and the expectations are likely beyond 0.5$, having heavy spot bags already pays for little risk,” Astronomer said. “If you want a defined risk for a defined reward, I think a long as presented also makes sense.” Reversal Pattern In The Works The Dogecoin price is eyeing a reversal pattern after putting in a possible bottom. This was highlighted by another crypto analyst who has shown that the meme coin is showing a bullish divergence on the chart. At this level, it is the RSI that is bullish and the analyst believes a break above the 0.206 level from here would be positive for the price. Related Reading: Michael Saylor’s $84 Billion Bitcoin Bet: How Is Strategy Doing On Its Current BTC Holdings? With bullish sentiment recovering, it is giving the Dogecoin price the push it needs to move upwards. Also, if the meme coin is able to close above the trend line shown in the chart below, it is expected to turn bullish for the price. The first major target for the price is the resistance at $0.2, which is what the bulls need to beat. After this is when the $0.27 level comes into play, and the final target for 100% increase lies above $0.33. Featured image from Dall.E, Chart from TradingView.comD