- Dogecoin briefly dipped below $0.17 but quickly rebounded above $0.18, showing strong resilience and sparking renewed optimism for a continued rally.
- Analysts like Memecrypto and Trader Tardigrade suggest DOGE is gearing up for a massive move, with predictions of a breakout toward $0.24 and a potential 600% surge up to $0.93 based on strong technical patterns.
- Key support zones are holding firm, and if bullish momentum continues, Dogecoin could be on the verge of setting a new all-time high in the near future.
Dogecoin’s recent hot streak hit a bit of a speed bump Thursday, with the price sliding under $0.17 for a little while. But in classic DOGE fashion, the dog-themed meme coin bounced right back — clawing its way back above $0.18 within just a few hours. That quick recovery is kinda a testament to how resilient it’s been lately. With upside momentum still hanging around, a lotta folks are now eyeing even bigger moves ahead.
DOGE Might Just Be Warming Up
As of right now, Dogecoin is sittin’ pretty at the $0.18 mark after that strong rebound. Memecrypto, a crypto trader and analyst, seems to think something bigger could be brewing right around these price levels.
According to Memecrypto, the current momentum in Dogecoin isn’t just random noise — there’s actually some structure forming naturally, which could be setting the stage for a breakout. Watching the momentum indicators and the EMAs (Exponential Moving Averages), things are starting to look… pretty interesting.
The next big test for DOGE? Smashing through the $0.24 resistance level. If it manages that, it might just light the fuse for an even larger rally. Memecrypto threw in a reminder too: markets don’t exactly wait around for stragglers. If the breakout happens, it could turn into a straight-up FOMO fest.
600% Price Boom Could Be In the Cards
After months (and months) of kind of dragging its feet, Dogecoin’s back in the spotlight thanks to this new rally. While optimism is ticking up, market watcher Trader Tardigrade has thrown out a seriously bold call — a 600% rally incoming.
Anyway, back to DOGE. Trader Tardigrade believes this upcoming price explosion could launch Dogecoin to a brand-new all-time high within this current cycle. The forecast is pinned on a pattern — a bounce off an ascending support trendline — that’s been pretty dang reliable so far.
Taking a look at the 3-day chart, that ascending support trendline has been doing its thing since way back in October 2023. Every time DOGE’s touched it? Boom. First time, over 200% gains. Second time, early 2024, price rocketed over 400%.
Now, we’re seeing it again. And if history repeats — or even rhymes a little — we could be staring down a monster 600% rally, pushing Dogecoin’s price up to about $0.93. Wild, right?
Holding the Line: Why Support Matters Now
For all this hype to really stick, though, DOGE needs to hold firm. Trader Tardigrade pointed out that Dogecoin has moved back into the Order Block Zone — basically, a super important support area. If it holds against any bearish moves, the path toward higher resistance levels could be wide open.
Bulls are already stepping in to defend the rally. If they succeed, Dogecoin might not just rebound… it could blast off.
