- Dogecoin (DOGE) is showing early signs of a bullish breakout after rebounding from a drop to $0.21, with analysts eyeing a move toward the $0.4 level.
- Technical indicators, including a hidden bullish divergence on the RSI and multiple legs of consolidation, suggest growing momentum for an upward move.
- Key resistance levels lie at $0.25 and $0.26. If DOGE breaks above them, analysts expect a surge to $0.4, with potential for a continued rally if buying pressure increases.
The broader crypto market’s been limping a bit lately, and Dogecoin didn’t escape the dip either — dropping down to around $0.21. Still, despite the recent red wave, signs are popping up that DOGE might not stay down for long. A few analysts are starting to get that familiar bullish itch, pointing to a potential bounce that could push prices right back to $0.22… or maybe a whole lot higher.
Breakout Brewing: DOGE Eyes a Move Toward $0.4
With Bitcoin making a short-lived jump earlier, Dogecoin seems to have picked up a bit of that momentum. The 1-day chart is showing hints of a comeback, and crypto trader Trader Tardigrade thinks DOGE could be prepping for something big — like $0.4 big.
Right now, DOGE is caught beneath a sticky resistance wall near $0.25. It’s failed to break above that a couple of times, but instead of crumbling, it’s been consolidating. Tardigrade says we’re looking at the second leg of consolidation in less than a week, which could be the final stretch before an upward break.
A small shakeout down to $0.21 may have already flushed out the weak hands. And if DOGE can tap on that $0.25 resistance a few more times? A breakout to $0.4 — last seen in January — could be just around the corner. That zone, however, has been a tough one in the past. The last time DOGE touched it, things didn’t go so well right after. So while optimism is building, traders know better than to pop the champagne just yet.
RSI Signals a Hidden Divergence — Is a Rally on Deck?
Digging deeper into the charts, things are looking a little spicy. Trader Tardigrade spotted something called a hidden bullish divergence on the RSI — basically, it’s a subtle little signal that momentum is heating up beneath the surface, even if price action looks meh.
DOGE has been printing higher lows, while RSI has been sliding into lower lows. That mismatch? It usually hints at a coming move to the upside. This isn’t just some random squiggle either — it’s shown up before big bounces in the past.
And he’s not the only one eyeing the breakout. Analyst Ali Martinez chimed in too, flagging the $0.26 resistance level as a key hurdle. Break that, and Dogecoin might just flip the switch on a new bullish wave.
Final Thoughts
Sure, the market’s shaky and DOGE’s been bouncing around. But between bullish chart setups, solid RSI signals, and growing chatter from seasoned analysts, things could be lining up for Dogecoin to make its next big move.
Watch that $0.25–$0.26 zone. If DOGE busts through, $0.4 isn’t just wishful thinking — it might be next on the list.
