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Dogecoin (DOGE)

Dogecoin Network Surges After ETF Filing – Will Price Rally Next?

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  • SEC acknowledged Nasdaq’s filing for 21Shares US Dogecoin ETF, starting the official review period.
  • Dogecoin futures open interest surged 70% to $1.65 billion, signaling rising speculative interest.
  • DOGE price at $0.2343 with a $34.98B market cap; a $0.25 daily close may trigger a rally.

The U.S. Securities and Exchange Commission (SEC) has formally acknowledged Nasdaq’s filing to list and trade shares of the proposed 21Shares US Dogecoin ETF. This regulatory step marks the beginning of the official review period, putting the long-awaited DOGE-backed investment product under federal scrutiny.

21Shares US shared the update on X (formerly Twitter), signaling a major development in its mission to bring crypto-based exchange-traded products (ETPs) into mainstream finance. If approved, the Dogecoin ETF would be among the first U.S.-listed products offering institutional investors regulated exposure to the popular meme coin.

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Speculative Interest and Futures Market Signal Volatility

According to Glassnode, Dogecoin futures open interest jumped 70% in one week, rising from $989 million to $1.65 billion. This increase came despite a slight price dip, showing a clear divergence between market price and trader positioning. Glassnode flagged this as a trend “worth monitoring” for potential price swings.

Interestingly, this behavior coincides with DOGE’s astonishing 385% rise to $0.48 in Q4 2024. The long-term holder’s Net Unrealized Profit/Loss (NUPL) ratio crossing 0.5 means they are entering “belief” territory. This shift generally indicates seasoned holders are confident in expecting significant valuation increases.

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DOGE Near Breakout, Eyes $0.25 Close

Adding technical fuel, crypto analyst Trader Tardigrade noted that DOGE is replicating the same pattern that preceded its monumental 30,000% rally in 2021. On the two-week DOGE/BTC chart, he identified a rounded base structure, resembling the late 2020 accumulation that kicked off Dogecoin’s historic surge.

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The resemblance extends to the volume trends and RSI trends, pointing to a strong setup for potential continuation. At the current state of Dogecoin’s price, which is in the $0.22–$0.24 range, a day’s close that is above $0.25  could confirm bullish momentum, propelling the coin toward higher range-bound targets and possibly revisiting previous highs.

In the last one day, the price of Dogecoin has climbed 1.46%, it has now reached $0.2330, and it has conquered its market cap to be $34.98 billion. The trading volume was increased by 19.38% and reached a total of $2.14 billion, while the fully diluted valuation was similar to the market cap, indicating no upcoming token inflation.

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Read More: Dogecoin Price Jumps A Further 15%, Has DOGE and RTX’s Journey To $1 In 2025 Begun?

Dogecoin’s Long-Term Support Holds Firm, Eyes $0.30 Rebound

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  • Dogecoin surged to $0.18 but currently consolidates at major support levels, eyeing $0.30.
  • After bottoming out at $0.1680, DOGE is stabilizing between $0.1716 and $0.1738.
  • If DOGE maintains above $0.14 support, a sharp rebound toward $0.30 is possible.

Dogecoin (DOGE) experienced a surge, reaching $0.18 amidst a bullish market rally. However, the momentum has since slowed, and the dogecoin is now pulling back to critical support levels. Despite this, technical indicators point to the potential for a short-term rebound, with eyes set on a $0.30 target.

Dogecoin Consolidates After $0.1680 Bottoming Out

Dogecoin has stabilized after hitting $0.1680 last week, consolidating between key levels. A breakout could spark a 14% rally, potentially pushing it toward the psychological $0.20 mark.

Dogecoin is now hovering near $0.1730, showing a slight rebound from its recent decline. Coinglass and TradingView trading data indicate DOGE is being consolidated within a narrow band, with the 20, 50, 100, and 200-period exponential averages converging at $0.1716 and $0.1738 on the 4-hour chart. 

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Dogecoin (DOGE) continues to ride a crucial ascending trendline that has supported its price action since October 2024. According to crypto analyst Ali (@ali_charts), this technical level may soon be tested again, offering a potential opportunity for bullish investors.

Ali highlighted that a dip to $0.14—where the trendline currently resides—could serve as a springboard for a significant price rebound. If DOGE holds this support zone, it might rally toward the $0.30 mark, nearly doubling in value from the projected dip.

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The support at the $0.14 price point has so far served as a good support point for Dogecoin’s market, successfully holding back further dips. With the price touching this area again, traders expect a possible accumulation stage that could be followed by a swift upward push toward levels of $0.30, which is almost double DOGE’s current price.

Will DOGE Reclaim the $0.21 to $0.30 Range?

Dogecoin reached a low of $0.164 on May 6 after falling for three consecutive days, dipping briefly beneath the daily SMA 50 of $0.169. But the price immediately bounced back and has remained higher than that key point since April 22. The Relative Strength Index indicates that Dogecoin could be trading at levels of around $0.14 to $0.21 for a while, with the bulls trying to nudge it toward $0.21. 

If DOGE manages to cross the 50-day SMA, the price may move up toward $0.21, but sellers are expected to strongly defend that area. A breakout above this resistance could see DOGE targeting $0.2644, aligning with the daily SMA 200. But a failure to maintain above the 50-period moving average may see the price decline, challenging the strong support at $0.14.

Read More: Dogecoin Shows “Diamond Bottom” Formation, Bullish Reversal Likely

Dogecoin Whale Accumulation Hints at Looming Breakout Above $0.1790

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  • Whales accumulated 100 million DOGE in a week, signaling rising institutional confidence and demand.
  • Analyst Cryptokijker sets short-term DOGE breakout targets at $0.1840 and $0.1920 above $0.1790.
  • Crypto Patel sees possible long-term DOGE surge to $5, citing historical patterns and wave structure.

Dogecoin is showing signs of gaining momentum, with major investors fueling renewed optimism. On May 1, crypto analyst Ali Martinez noted that whales have accumulated 100 million DOGE in the last seven days. This surge, tracked through wallets holding between 1 million and 10 million DOGE, signals growing interest from large holders.

This growing concentration of holdings hints at rising confidence among institutional players. Whale accumulation often precedes significant market movements. Such behavior has now stirred bullish sentiment among retail investors, many of whom see this as the beginning of a new upward cycle.

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Source: Ali_Charts

On the technical front, a hidden bullish divergence has emerged in the Relative Strength Index (RSI), signaling that the market may be gaining strength below the surface. This development was flagged in a TradingView update by analyst Cryptokijker, who believes the structure of the current price pattern leans toward a neutral-to-bullish outlook. The Dogecoin price recently broke above the Previous Day Low, which reinforces the idea of a potential trend shift.

Accumulation Signals Dogecoin’s Next Big Move

Cryptokijker also placed his short-term breakout targets at $0.1840 and $0.1920, with the breakout point expected to start above $0.1790. He added that DOGE has been actively accumulated in the discount zone between $0.15 and $0.16, a move interpreted as smart money entering before a larger rally. 

Strong volume patterns and structure breaks on the chart back up his view that Dogecoin is now transitioning from accumulation into a markup phase.

Support around the $0.1760 level—where earlier accumulation occurred—has held firm. Price stability above this zone and continued volume growth both point to a market preparing for expansion. At present, Dogecoin trades around $0.176, marking a 1.17% gain in the last 24 hours, according to CoinMarketCap.

Dogecoin
Source: TradingView

Looking further ahead, analysts are watching for a potential test of the psychological barrier at $0.20. If the price secures a monthly close above this level, Ali Martinez says Dogecoin could begin climbing toward its all-time high. He emphasized that this would mark the return of strong bullish momentum and possibly ignite wider investor interest.

Analyst Predicts Dogecoin Could Hit $5

Adding to the outlook, analyst Crypto Patel posted on April 30 that “DOGECOIN is setting up for its next BIG move.” Sharing a three-week chart, Patel highlighted a long-term support level at $0.07, where Dogecoin has recently bounced. He pointed out a repeating historical pattern, with prior breakout waves in 2014 and 2021 following similar phases of consolidation.

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Source: Crypto patel

Patel’s chart suggests a potential Wave 3 that could push Dogecoin as high as $32, aligning with the top line of a decade-old ascending channel. While this projection drew criticism from some traders who found it far-fetched, Patel clarified that his target includes a “profit ride strategy” and that a more realistic long-term level is closer to $5.

The overall picture shows rising strength in Dogecoin’s trend. A solid foundation from major investors, supported by technical signals and historical context, paints a scenario where further gains could be possible.

Read More | XRP May Plunge 30% to $1.55, Bull Flag Bottom Signals Ideal Entry Point

Will Dogecoin Break $0.20 and Surge Toward New Highs?

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  • Dogecoin currently trades at $0.1812 with a market capitalization of $27 billion, with bullish momentum.
  • DOGE’s rebound faces $0.18 resistance, with potential downside risks to $0.14–$0.15.
  • A breakout above $0.20 can be expected to spark a rally to $0.9 by June.

Dogecoin is trading at $0.1812, riding bullish momentum and staying above the 50-day EMA. This indicates a possible reversal of trends as it gets close to the psychologically significant $0.20 level. The market capitalization of $27 billion keeps Dogecoin as the leading figure in the segment of meme coins and as the top altcoin outperformer.

Over the past week, Dogecoin has gained nearly 12%, buoyed by optimism surrounding a breakout rally. Analysts suggest that holding above the $0.18 level increases the likelihood of testing the $0.20 resistance. Bitcoin’s strength above $94,000 further supports the bullish case for meme coins, fueling positive sentiment and investor enthusiasm.

DOGE’s Rebound Faces $0.18 Resistance Zone

Crypto_Catalyst observed DOGE’s recovery as it retested significant EMAs on the 4-hour chart. Such is often a precursor to upward momentum, though there’re still downside risks. If bears reassert themselves, DOGE may revisit the $0.14–$0.15 zone as support. This renders $0.18 as an integral level of defense to hold by bulls in the coming days.

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Cryptokijker of TradingView anticipated a break above $0.1790, with targets of $0.1840 and $0.1920. The price is neutral to bullish in structure, backed by a hidden bullish divergence in the RSI. The divergence typically suggests underlying power and indicates that strong buying is likely to accompany a breakout.

He noted that smart money has accumulated DOGE at price levels of between $0.15 and $0.16, reflecting institutional participation in this discount range.

Dogecoin chart from CryptoKijker 1

Breakout Above $0.20 Could Trigger Rally

Crypto analyst Ali Martinez emphasized that a monthly close above $0.20 could trigger a rally toward Dogecoin’s all-time high. Continuation of bullish momentum can draw in a new influx of investor attention to pose a setup for an explosive breakout. Martinez identifies this level as an entrance to long-term bullish continuation.

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Trader Tardigrade believes a Dogecoin price breakout is imminent. He noted that DOGE is charting a diamond formation close to the $0.15 trendline, typically an indication of explosive movements. Currently priced at $0.17, Dogecoin has fallen by 1.03% in the past 24 hours. 

If Dogecoin can break through $0.18 with strong volume in early May, it could move towards $0.22, with a potential push to $0.25 if the momentum holds. These targets align with previous price actions and Fibonacci levels. However, failure to break $0.18 could lead to a bearish shift, pushing DOGE back to the $0.13 support zone.

Read More: Dogecoin (DOGE) Forecasts Soar to $6 but Market Buzz Centers on Promising XRP Alternative

Dogecoin Price Prediction: Major Rally Expected as Bitcoin Comparison Charts Flash Bullish

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Key Takeaways:

  • Trader Tardigrade predicts Dogecoin could soon outperform Bitcoin based on repeating OBV and price patterns.
  • DOGECAPITAL’s cycle top indicator suggests a major peak for Dogecoin might occur by late October 2025.
  • Rising volume pressure and broken resistance lines hint at a bullish Dogecoin momentum against Bitcoin.

Dogecoin’s trading behavior against Bitcoin is drawing increasing attention as prominent trader Trader Tardigrade points to an emerging pattern reminiscent of its 2024 breakout.

Referring to the $DOGE/$BTC chart, Tardigrade draws attention to the parallels between current and historical On-Balance Volume (OBV) trends. Previously, when this configuration was present, DOGE far surpassed Bitcoin between October and December of 2024.

The breakdown of the chart indicates two key components. In the top part, the $DOGE/$BTC candlestick chart displays pivotal price actions.

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Past rallies are colored and annotated, marking times when DOGE appreciated against Bitcoin. The characteristics of the chart include a series of higher lows and a breakout above a declining trendline, indicating strength.

Simultaneously, the lower half concentrates on the OBV indicator that monitors volume dynamics in the direction of the price trend. Tardigrade highlights the OBV rising again from 2118 to 2148, replicating the spike prior to Dogecoin’s most recent rally.

This price/volume correlation means another break could be near at hand, enough reason for traders to be on the lookout.

OBV Surge and Price Breakout Signal Possible Rally

The technical structures under discussion by Tardigrade highlight two key aspects: the violation of a longstanding declining resistance level and rising OBV.

These have traditionally led to powerful advances, especially when they’re followed by accumulation phases of sideways price movements within zones of consolidation.

The $DOGE/$BTC ratio broke sharply higher during the 2024 rally after a corresponding breakthrough, getting as high as 0.0000035 BTC before reversing. The present setup appears to mimic this scenario, and DOGE finds itself again around the crucial resistance zones. Positive OBV supports the extension of the bullish momentum, indicating that the buyers are consistently taking back the reins.

But as Tardigrade points out, the sole use of OBV sometimes gives a hasty conclusion. Cross-validation using the likes of a moving average or RSI would make the projection more credible. Yet the chart picture thus far remains decidedly bullish for Dogecoin’s short-term outlook vs. Bitcoin.

Custom Indicator Tracks Dogecoin’s Cycle Tops

Adding another angle to the bull story, analyst DOGECAPITAL offers a quite different but equally interesting take.

Using a bespoke indicator monitoring Dogecoin’s past cycle peaks, DOGECAPITAL determines recurring patterns correlated with Bitcoin’s larger market cycles. Dogecoin generally makes earlier or later cycle peaks, according to his calculations based on certain chart movements.

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Within the present cycle, DOGECAPITAL indicates another top may be possible towards the later cycle stages, where the key window tightens around the period of October 27th, 2025.

History indicates this model’s consistent ability to foresee notable Dogecoin highs. Dogecoin might find itself on the cusp of another tremendous valuation boom in the coming months if history holds any significance.

Related Reading | XRP Breakout Imminent: $2.29 Resistance Could Spark Major Rally

Dogecoin Set to Skyrocket? Massive Breakout Could Trigger $1 Surge

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  • Dogecoin has climbed 16% over the past week, signaling strong bullish momentum.
  • A breakout above mid-term resistance suggests a shift toward a sustained uptrend.
  • Rising demand, improved technicals, and increased retail interest point to further gains.
  • DOGE could be on track to challenge the $1 level if current momentum continues.

Dogecoin (DOGE) is showing strong signs of a significant bullish breakout. Over the past week, DOGE has climbed nearly 16%, aligning with the broader market’s upward trend. This consistent growth signals the potential start of a powerful move that could drive the meme coin toward new heights.

Currently trading at $0.1815, Dogecoin boasts a 24-hour trading volume of $1.76 billion and a market cap of $27.05 billion. Despite still being 75.17% below its all-time high of $0.7316, recent price action and technical signals suggest that DOGE may be preparing for a major leg up.

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Dogecoin Set to Skyrocket? Massive Breakout Could Trigger $1 Surge 17

Technical Breakout Confirms Uptrend

Crypto analyst Trader Tardigrade pointed out that, in recent days, Dogecoin successfully broke above a mid-term resistance trendline that had been capping its growth for months. This breakout is seen as a strong bullish signal, especially given the lack of immediate pullback or reversal, often a sign of a false breakout. Instead, the price structure reflects a clear shift in momentum, similar to the pattern seen in February 2024 when DOGE staged a sharp rally.

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If this trend continues to unfold similarly, Dogecoin could see a major surge by May 2025, with increasing probability of surpassing the psychologically significant $1 mark. The setup shows rising demand, improving technicals, and renewed trader interest, all pointing toward a bullish continuation.

Market Conditions Favor Momentum Assets

The crypto market’s current bullish phase is also playing in DOGE’s favor. As liquidity increases and retail interest returns, high-volatility assets like Dogecoin tend to outperform. The recent surge in trading activity and social engagement around DOGE adds further confirmation that the asset is gaining traction once again.

Dogecoin’s path to $1 may be closer than many expect. With strong breakout signals, increasing momentum, and favorable market conditions, DOGE is once again positioning itself as one of the top contenders for explosive growth in the coming weeks.

Read More: Bitcoin Miners Secure $18.57M in Profits as BTC Hits $93K

Dogecoin Breaks Out of Bullish Pattern, Targets $0.50 in Next Rally

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  • Dogecoin emerged from a bullish pattern to target the $0.50 mark in the next run-up.
  • Analysts project short-term prices of $0.136 and $0.174, depending on volumes.
  • Increased volatility in Dogecoin results in prices between $0.157 and $0.185.

Dogecoin has recently broken above a key resistance level, breaking out of a bullish consolidation pattern. This action has created significant excitement among cryptocurrency traders, who were all watching the narrowing range for indications of a breakout very closely. The surge indicates a possible trend reversal for the meme cryptocurrency.

The breakout follows the formation of a classic “cup and handle” pattern, identified by analyst Whales_Crypto_Trading in a tweet. A bullish continuation pattern, often suggests more upward momentum if it’s backed by adequate volume. Dogecoin’s technical backdrop now indicates a definitive shift in market sentiment, with the bulls growing more optimistic.

Price Targets for Dogecoin: $0.136, $0.174 Short-Term

Currently, Dogecoin is testing a critical resistance level on the daily chart. Analysts suggest that if DOGE holds this breakout, it could trigger strong buying momentum. Price targets include $0.136 and $0.174 in the short term, contingent upon sustained interest and volume from the broader crypto market.

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Source: X

The resistance level has previously capped Dogecoin’s bull runs, and it has been a critical battle ground between the bulls and the bears. A breakout confirmation will not merely authenticate the cup and handle pattern but could also set the stage for more aggressive targets. Sellers and buyers are carefully watching price action in the vicinity.

As long as bullish signs continue, experts say DOGE may aim for higher levels of $0.50, $0.73, and ultimately $1.00. These previous resistance levels are significant benchmarks. A breakout towards these levels will be a decisive reversal from the last period of stagnation and place Dogecoin in the altcoin recovery trend.

What’s next for Dogecoin?

In the past 48 hours, Dogecoin has seen increased volatility, with its price fluctuating between $0.157 and a brief peak at $0.185. Though the surge followed renewed bullish interest across crypto markets, DOGE has since pulled back slightly to $0.172, creating uncertainty about its short-term direction.

The market now targets Dogecoin’s ability to remain above its 50-day Simple Moving Average (SMA), established at $0.168. If the bulls can hold on to the level and mount pressure, the next test of $0.185 could happen. Remaining above the line could move sentiment further in the direction of the buyers over the short term. 

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TradingView

Conversely, if DOGE cannot hold support, it could fall back down towards $0.13. Although the Relative Strength Index (RSI) remains a little above 50, denoting slight bullish strength, consolidation in the price remains a likely prospect. A sideways range between $0.13 and $0.21 could ensue unless a breakout above $0.21 sends DOGE to $0.28.

Read More: Will DOGE hit $0.195? breakout from bullish pattern sparks hope

Dogecoin Eyes Major Bullish Move with $1.10 Target by 2025

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  • Dogecoin’s current price at $0.1543 shows 1.48% decline with strong bullish setup ahead.
  • Analysts predict DOGE can touch $1.10 as early as 2025, based on good momentum along with technical indicators.
  • Market activity indicates $586 million trading volume, reflecting building retail attention as well as ETF consideration.

Dogecoin (DOGE) may soon breach its previous all-time high as momentum builds. Analysts observe a strong setup, hinting at an imminent breakout. Although DOGE remains in a consolidation phase, current market conditions suggest a bullish move is on the horizon, potentially rewriting its price history.

Currently, Dogecoin is trading at $0.1543, with 1.48% decline for 24 hours building a symmetrical triangle—a pattern often indicating a big impending movement. Price bouncing off the lower side of the triangle indicates a likely bullish break above. Additional optimism is gained from futures market numbers, where open interest surged beyond $1.54 billion, indicating investor interest is rekindled.

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Source: X

DOGE Retests $0.13 With Bullish RSI Turn

Technical analyst Chris mentioned that an increasing rising channel from DOGE’s October 2023 low of $0.056. The channel tagged higher highs ($0.229 for March 2024, $0.484 for December 2024) as well as higher lows ($0.077 for February 2024, $0.08 for August 2024) indicating a well-defined upward pattern.

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Source: X

Chris indicates a retest of $0.13 precisely on the lower trendline where the weekly Stochastic RSI is turning higher. The Ichimoku cloud above $0.22 has turned into a support as well. His prediction maps out a near-parabolic trajectory potentially reaching $1.10 by late summer of 2025, reinforcing long-term bullishness.

Olivier, examining the one-day chart, represents a split short-term outlook. He observes a declining regression channel from the November 2024 peak of $0.484. In addition, a rounded base pattern projects a breakout window between May 5 and June 29, 2025, adding to the buildup narrative.

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Source: X

Analyst Predicts DOGE Rally to $5.60

The nearest support price is $0.1533. If DOGE cannot break out of it, it could go back down to $0.13. But breaking above $0.2175 would render the descending channel useless and constitute the coin’s first key higher high after many weeks. That price level could be DOGE’s way out of its downtrend into a continuous uptrend.

Despite trading 78.71% below its all-time high of $0.7376, Dogecoin continues to inspire bold projections. Analyst Dogegod predicts DOGE rallying to $5.60, citing falling wedge breakouts. Though details are scarce, the optimism reflects market confidence, echoed by Ali Martinez’s near-term $0.29 target.

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Source: X

The market evidence underpins the momentum. Trading volume rose 6% higher to $586 million, indicating increasing participation from retailers. In addition, DOEG tops altcoin demand for consideration of an ETF. Asset manager 21Shares recently filed for a spot Dogecoin ETF potential institutional flows from approval could propel DOGE’s growth forward.

Read More: Dogecoin Open Interest Rises to $1.55B; DOGE Price Rises

Dogecoin (DOGE) Breakout: H4 Chart Confirms Bullish Reversal

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  • Dogecoin has flipped from a bearish to a bullish trend on the H4 chart.
  • Breakout above the trendline signals growing upward momentum.
  • RSI nearing the 50 level could confirm a continued bullish drive.

Dogecoin (DOGE) is currently trading at $0.1541, showing signs of life after days of bearish pressure. A close look at its 4-hour chart reveals a crucial technical shift that could redefine its short-term path.

Trader Tardigrade highlights a clear trend reversal and momentum recovery forming beneath the surface. Between April 13 and April 16, Dogecoin followed a descending pattern, with lower highs and lower lows forming a well-defined downtrend.

The trendline connecting these points served as dynamic resistance up to April 16, when a sharp rally broke through the ceiling. Such a breakout is considered a technical turning point.

This breakdown isn’t simply a boundary-crossing, it is a possible change in market mood and may draw buyers looking for trend continuance.

Price action since the breakout has been in line with expected bullish action. Candlesticks went green, momentum increased, and higher short-term highs started showing up. Such developing structure lends credence to the theory that Dogecoin has changed directions, at least in the near-term.

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RSI Approaches Critical Threshold

The Relative Strength Index (RSI) provides another important momentum indicator. The RSI, held back previously below the neutral 50 level by the downtrend, is now rising back toward that dividing point. Tardigrade highlights the level as a crossing point, with crossing it a sure sign that bullish momentum is in the process of taking over.

On the H4 chart, RSI remained around 45 during the breakout, indicating early strength. As the price increases, the RSI creeps higher, now resting at just under 50. The indicator has yet to cross into overbought, keeping the door open for additional upside.

Traders tend to monitor this level closely; anything higher than 50 would be a confirmation of uptrend conditions, but failure to retake that level may signal a false move.

The RSI action supports the price action, showing that the buyers are gradually taking control following weeks of choppy, negative movement.

Potential and Caution in Equal Measure

Although that technical configuration leans in the favor of the bulls, threats still exist. False breakups are typical in such high-volatility assets as Dogecoin. If the price falls back under the trendline, or if RSI does not cross 50 and heads back down, the bullish case is compromised. Confirmation from volume, normally lacking in weaker breakups, will be necessary in validating such a rise.

Related Reading | BONK Shows Strength Amid Market Chaos, Eyes Potential Breakout to $0.000016

Dogecoin (DOGE) Could Skyrocket Soon as Classic Pattern Builds Momentum

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Key Takeaways:

  • Dogecoin is forming a Symmetrical Triangle on the 4-hour chart, signaling a high-volatility move.
  • Prolonged consolidation within the triangle hints at a bullish setup, according to Trader Tardigrade.
  • A breakout could push DOGE toward the $0.8000 mark, but traders should stay alert for fakeouts.

Dogecoin’s recent price action is indicative of tightening pressure, with the price firmly coiling in a Symmetrical Triangle pattern. Described in a 4-hour Heikin Ashi chart, this pattern is dated all the way back to early April and has governed DOGE through successively lower tops and higher bottoms. The tightening triangle is moving towards its apex, setting up for a definitive thrust.

Technical analyst Trader Tardigrade observed the energy accumulation through extended consolidation. The triangle, which is created as Dogecoin fluctuates amid converging trend lines, lowers volatility but raises pressure.

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Dogecoin (DOGE) Could Skyrocket Soon as Classic Pattern Builds Momentum 26

This tendency to trend is likely to turn into a breakout to either the upside or downside. Since Tardigrade’s analysis is optimistic in nature, the trend may turn in their direction.

DOGE is currently priced at approximately $0.1557, with an increase of 6% over the last seven days, indicative of increasing momentum. Symmetrical triangles are neutral, but extended consolidation increases the validity of a bullish leaning. Price approaching the lower trendline is indicative of a possible bounce and subsequent test of resistance.

Dogecoin Price Target Suggest Breakout Could Hit $0.8000

To evaluate possible outcomes, technical forecasting calls for measuring the height of the triangle, approximately $0.1000, from base to vertex. Projected from a probable breakout point of approximately $0.7000, this would translate to a price goal of $0.8000 if momentum is maintained.

DOGE displayed this pattern before. Back in January of 2025, another triangle emerged around the $0.30 price level. Following the bullish penetration, price increased more than 100% in subsequent weeks.

Tardigrade had indicated this pattern early then, and the fact that we are viewing this in retrospect makes his present analysis stronger.

While this fresh triangle does not have any apparent volume bars, veteran traders understand that an unexpected volume burst is normally the trigger that seals a breakout.

With the climax expected by April 20, the timeframe for action is decreasing. Traders ought to watch closely for forceful candles breaking either trendline, especially with volume confirmation along with momentum indicators.

There is also external volatility involved. Dogecoin’s price is also highly responsive to news cycles and social media. No matter how good their technicals are, sudden catalysts can turn market mood upside down in mere minutes.

Related Reading | XRP Consolidates at Crucial Zone, Breakout Toward $2.40 on the Horizon