- DOGE shows signs of recovery after successfully reclaiming a key breakdown level for the first time this year — a move that could hint the bottom is in.
- $0.17 remains a major resistance; a clean breakout above it could confirm a bullish trend reversal and set up the next leg higher.
- RSI bullish divergence and Wyckoff Accumulation pattern suggest growing momentum and strength building under the surface — DOGE might just be gearing up for something big.
Dogecoin’s been wobbling under some heavy bearish pressure lately, but recent price action suggests the tide could be turning for the meme coin. After a modest bounce, fueled by a broader market upswing, DOGE seems to be flashing early signs of strength — and some analysts think it could be gearing up for a bigger move.
Bullish Hints After Reclaiming Lost Ground
Dogecoin’s been stuck under that sticky $0.20 level for a while now. Bears have had the upper hand for months. But according to trader and analyst Trader Tardigrade, there’s finally something to be excited about.
On the daily chart, DOGE just pulled off something it hasn’t done all year — a clean recovery from a previous breakdown. And not just any bounce… Tardigrade notes it’s the first successful reclaim after failing the same move three times earlier this year. That alone is raising eyebrows across the community.
This could, he suggests, mark the end of DOGE’s recent correction phase. If that’s true, it might mean the bottom is in, and the next major trend… is up.
Resistance at $0.17: Doge’s Next Test
The path higher isn’t wide open just yet. Right now, Dogecoin is staring down a pretty serious resistance at $0.17. Breaking through that level — and holding it — could confirm a trend shift, and send DOGE charging toward new targets.
What’s more, Tardigrade also pointed to a classic Wyckoff Accumulation pattern forming. According to his latest post, the “Phase C” test has played out perfectly, and DOGE may be heading into the “Last Point of Support” (LPS) — often the last dip before a real breakout begins.
If that’s the case, we could soon see the next bullish push in “Phase D,” marked by stronger price moves and confirmation that buyers are stepping in.
RSI Divergences Flash Bullish Signal
Tardigrade also flagged a bullish RSI divergence — two of them, in fact. The first was kind of weak: price made a lower low, but RSI just matched the previous one. The second, though, looks more legit. Price dipped again… but RSI didn’t follow, instead printing a higher low — which often points to a hidden shift in momentum.
That could mean that despite price looking shaky, buyer strength is quietly building underneath the surface.
