Dogecoin’s Bullish Surge Signals Strong Potential for Continued Upward Momentum

Dogecoin is making waves again—this time with a bullish move that could spell serious upside.

Market watchers are eyeing DOGE’s latest breakout, fueled by a mix of retail frenzy and strategic whale accumulation. The meme coin’s resilience defies the usual 'buy the rumor, sell the news' cycle—proving even internet jokes can have staying power.

Key drivers behind the surge:

- Rising exchange inflows suggest renewed institutional interest (or at least hedge funds pretending to be 'degens').

- Social volume spikes mirror 2021’s hype cycle—but with fewer Elon Musk tweets this time.

Technical indicators flash green, though skeptics warn the rally hinges on Bitcoin holding steady. Because in crypto, everything’s a leveraged bet on BTC anyway.

One thing’s clear: DOGE’s volatility isn’t for the faint-hearted. But for traders riding the wave, this could be the start of something big—or just another pump before the inevitable dump. Ah, the circle of crypto life.

Bullish Move Puts Dogecoin On Track For A Rally

Following a period of heightened bearish performance, Dogecoin has ventured into a bullish state as it targets the next key resistance located at the $0.17 level. Given that the broader crypto market maintains its current optimistic condition, DOGE could retest this key level in the upcoming days.

Delving into Dogecoin’s current price action, Trader Tardigrade, a seasoned technical expert and investor, has drawn attention to a signal that suggests that the meme coin is set for a bullish phase. dogecoin is showing early indications of a possible recovery, and a recent positive move that reinforces the argument for an upcoming uptrend.

In the 1-hour time frame chart, Trader Tardigrade revealed that Doge has formed a hidden Bullish Divergence. This critical move is observed on the Relative Strength Index (RSI) chart, a key momentum indicator.

With this key technical signal emerging, Trader Tardigrade believes that the development could indicate a greater chance of an impending upward trend continuation. A hidden bullish divergence is an indication of a continued uptrend despite a brief price decline.

Specifically, this MOVE occurs when a momentum indicator, such as the RSI or MACD, produces a lower low as seen on the DOGE’s chart. Since the divergence often precedes upward movements and price spikes, Trader Tardigrade’s forecast of a continued rally is likely to materialize in the short term.

Past Trend Hints At A Massive Upsurge For DOGE

Even though Dogecoin has fallen sharply from its yearly high of $0.48, the meme coin is still trending in an ascending trend line. Trader Tardigrade has highlighted a massive ascending support trend line in the 2-week time frame chart.

The 2-weekly chart shows that this key rising trend line has been forming for nearly two years, particularly from September 2023 till the current date. Such a trend line reflects Dogecoin’s robust resilience over the years despite several notable pullbacks.

Looking at the chart, this move to retest the ascending trend line appears to be a bullish one. In 2023, DOGE witnessed a rally after retesting this trend line. A similar result was also observed in September 2024, which ultimately led to the current yearly high of $0.48.

Considering past scenarios as the meme coin retests the trend line once again this year, Trader Tardigrade is confident that a notable rally could be on the horizon. With each scenario resulting in a bigger upward move than the last, DOGE’s price is likely to experience a sharp spike beyond its yearly high and potentially revisit its present all-time high of $0.73.