DOGE’s Bullish Rebound: Cycle Data Suggests $11+ Rally Ahead
Dogecoin (DOGE) has shown a notable recovery, gaining 7% in the past 24 hours to trade at $0.1513. This rebound comes after a period of market-wide volatility, with the meme coin breaking out of a tight ascending channel—a technical indicator of growing buying pressure and improved market sentiment. Analysts are now pointing to historical cycle patterns and strong technical support levels as signs of a potential long-term rally, with some predicting a target price exceeding $11 by the end of the current cycle. Here’s a deeper look at the factors driving DOGE’s resurgence and what it could mean for investors.
Dogecoin (DOGE) Recovery Signals Major Upswing, Cycle Data Predicts $11+
Dogecoin rebounded 7% in 24 hours, climbing back to $0.1513. This recovery followed yesterday’s volatility in the overall cryptocurrency market. The meme coin breached a previously constrictive ascending channel, signaling increased buying pressure and better sentiment. Strong support from weekly SMAs and Ichimoku cloud indicate resilience, while historical cycle patterns hint at a long-term rally with an $11+ target by 2025.
Dogecoin (DOGE) Price Analysis Suggests Breakout Approaching
Dogecoin price faced a 12% pullback following new tariffs announced by US President Trump. Despite the drop, the top memecoin holds within a crucial range, hinting at a rebound. Trading activity has risen, and new traders increase hopes for continued growth. A breakout could elevate levels by more than 20%. The Doge price previously marked local highs at $0.48 but has since faced significant upward pressure, losing over 70% of gains.
Over 50% of Dogecoin Supply Currently Profitable
Dogecoin market sentiment is balanced, with just over 50 percent of the supply in profit. The selling pressure may have eased, with more patient holders remaining. After the broader crypto market rebounded, Dogecoin’s price recovered by 6%. Glassnode analytics revealed that while many altcoins like Solana and Ethereum have seen declines in unrealized profits, indicating most holders are at a loss, Dogecoin is in a more neutral position.
