Breaking the $0.25 resistance could trigger a 450% DOGE price rally, with targets set between $8 and $10.
Dogecoin shows a bullish RSI divergence, indicating weakening bearish momentum and a possible short-term rebound.
DOGE must hold above $0.178 to sustain its uptrend; falling below $0.164 risks the continuation of the downtrend.
Dogecoin (DOGE) is showing promising signs of breaking the bear market trend, thus hinting at a massive recovery. The price movement has attracted the attention of traders. Many are making Dogecoin price prediction for a 450% surge in the future.
RSI Shows Bullish Divergence on DOGE
Recent technical analysis of Dogecoin price revealed a shift in market sentiment. In the hourly chart, the RSI showed a bullish divergence, which suggests that the bearish trend is losing strength.This indicates the possibility for a Dogecoin price prediction that that the token might regain some relief in the short term. Moving ahead, it could work its way out of the current downtrend.Source: Trader Tardigrade, XAccording to the crypto analyst Trader Tardigrade, DOGE price has reached the bottom now and might bounce back soon. The RSI pointed toward a shift from bearish pressure to more favorable conditions for buyers.This signal means that the price trends are bullish for DOGE. Furthermore, there is a possible breakout of further high levels in the short runs.
Dogecoin Price Market Structure Shifts to Uptrend
In the daily time frame, Trader Tardigrade’s technical analysis suggested that the Dogecoin market remains in an uptrend. This shift is seen by higher swing high (HS) and higher swing low (SL) patterns, meaning an up-trending market.The analyst has identified key levels that might be crucial for the continuation of the rally. The major resistance levels consist of $0.178 and $0.164, which have influenced Dogecoin volatility.Source: X
If Dogecoin price stays above $0.178, the uptrend could persist with increasing chances of making fresh higher highs. Conversely, Dogecoin price prediction says that If DOGE drops below $0.178 but stays above $0.164, it may stagnate.This sideways movement indicates limited upward or downward momentum. If the price falls below $0.164, it will indicate the continuation of the downtrend.
The “Doge Circle” and Potential for a Rally
One pattern observed in its price movement is a special pattern known as the Doge Cycle. This pattern has set important support levels and major upmoves in the past.The lower boundary of the Doge Circle has provided support since 2015. Each time, the price has bounced back from this level. In past cycles, Dogecoin price prediction noted a retest of $0.0001 in 2015. Similarly, it retested $0.0012 in 2020 before starting fresh rallies to all-time highs.The most recent cycle showed DOGE bouncing back by 26% after reaching the lower limit at $0.1432. These historical movements indicate that DOGE may be preparing for another surge, as seen in past market trends.
Resistance Levels and Key Price Targets
Crypto analyst Moein Haddadian shares key levels that can define Dogecoin price direction. The analyst has set $0.25 as the key resistance level that must be sustained if the price increases further.If DOGE sustains a move above this level, the following upswing resistance areas range from $0.30 to $0.334.Source: X
Haddadian also notes that DOGE must maintain a price above $0.16. Holding above this level will signal that the bulls still control the trend.As per his Dogecoin price predictio, the token may not hold this support and breaks down below $0.16. If this happens, the price may go back to $0.122 or even $0.113.
