- Dogecoin is teasing a breakout after bouncing off support near $0.1618.
- A move above $0.17 could open the door for a rally toward $0.39—a potential 130% gain.
- Bullish MACD and trendline pressure suggest upside, but traders should watch volume and confirmation closely.
Dogecoin’s price is back on folks’ radar. After mostly drifting sideways for a week, it perked up over the weekend—just enough to raise some eyebrows. It wasn’t a jaw-dropping pump or anything, but it’s the kind of subtle move that hints something might be brewing underneath.
Some analysts have picked up on it too, pointing out that DOGE could be snapping out of a downtrend. One trader even thinks a breakout past a key resistance level could spark a massive 130% rally. That’s a bold call… but not totally out of left field, given the current momentum.
A Look at Dogecoin’s Performance
At the time of writing, Dogecoin’s sitting around $0.1619—up roughly 1.5% on the day. Trading volume, though? It took a nosedive, down 31% to about $546 million. Less volume usually means weaker conviction, but with DOGE, things can flip quickly.
The price touched a high of $0.1634 and a low of $0.1575 in the past 24 hours. Nothing crazy there. Over the last month, it’s still down nearly 30%, so there’s room to recover. And with an RSI near 39, it’s not overbought or oversold—basically neutral territory.
In the broader context, the crypto market’s up slightly, which helps. The total market cap rose 0.8% to $3.29 trillion, and most meme coins are in the green. So the overall vibe is mildly bullish.
Technical Signs Say DOGE Could Climb
A few traders are watching DOGE’s chart closely. One, known as Trader Tardigrade, posted that there’s a bullish MACD crossover on the daily timeframe. That usually signals upward pressure—and if buyers step in, it could carry some weight.
He also mentioned that DOGE is testing a descending trendline. If it manages to break above that line, the stage could be set for a bigger move. Basically, it’s now or never for this breakout to actually happen. Momentum seems to be building, but follow-through is key.
Could Dogecoin Actually 2x from Here?
Jonathan Carter, another analyst, chimed in with his own take. He’s watching a descending triangle pattern and says DOGE is bouncing right off its lower boundary. That’s a good sign. He pegs $0.17 as the big resistance to break. If it clears that, he’s eyeing targets at $0.20, $0.26, $0.31… and $0.39.
That last number? A whopping 130% from where we are now. Tall order, sure—but crypto’s been known to move that fast when momentum kicks in. It’s not a sure thing, but Carter’s setup paints a path forward that’s at least technically sound.
