DOGE Poised for Rebound as Bullish Chart Pattern Emerges

Dogecoin (DOGE) is showing signs of a potential price rebound after a recent correction, with technical indicators pointing to a bullish reversal. The meme coin, which surged to $0.18 in late April 2025, has since pulled back to key support levels around $0.16. Analysts, including trader Tardigrade, note a shift in momentum and a promising chart formation that suggests renewed upside potential. While DOGE remains sensitive to broader market trends, the current setup hints at an upcoming recovery. This article explores the technical and market factors driving Dogecoin’s potential rebound and what traders can expect in the near term.

Dogecoin’s Price Coils In A Key Bullish Chart Pattern, A Rebound On The Horizon?

Dogecoin’s recent price action suggests a potential rebound after a period of correction. The meme coin surged to $0.18 in late April but has since retreated to key support levels around $0.16. Technical analysis indicates a bullish reversal pattern, with trader Tardigrade highlighting a shift in momentum.

The chart formation points to renewed upside potential, though Dogecoin remains sensitive to broader market sentiment. As one of the most liquid altcoins, its movements often reflect retail trader activity and speculative flows.

Dogecoin Price Prediction: Diamond Bottom Pattern Suggests Potential Upside

Dogecoin (DOGE) is currently forming a diamond bottom reversal pattern at approximately $0.17, a technical formation often associated with market bottoms. Trader Tardigrade highlighted this development on social media, noting its potential to signal a shift from downtrend to uptrend for the meme cryptocurrency.

The bullish sentiment was reinforced by analyst Galaxy, who observed emerging higher highs and higher lows on DOGE’s weekly chart following its 2024 breakout from a prolonged accumulation phase. Such patterns typically precede significant price movements in cryptocurrency markets.

Dogecoin (DOGE) Flashes Bullish Signals—Is a Major Rally on the Horizon?

Dogecoin has initiated a fresh upward trajectory, rebounding from the $0.1650 support level against the US Dollar. The meme cryptocurrency is now gaining momentum, with potential to test the $0.185 resistance zone.

DOGE has decisively breached the $0.170 and $0.172 thresholds, establishing a foothold above both the $0.1750 level and the 100-hourly simple moving average. A bullish trend line is forming on the hourly chart, offering support at $0.1740 for the DOGE/USD pair on Kraken.

The next critical hurdle lies at $0.180. A clean break above this resistance could catalyze another leg up, potentially retesting recent highs near $0.1843. This recovery mirrors broader market movements, with Bitcoin and Ethereum showing similar resilience after recent corrections.