DOGE Price Prediction: Is Another Rally Brewing?

#DOGE

• DOGE is trading above its 20-day MA, signaling bullish momentum.
• MACD shows a slight bearish crossover, but price action near the upper Bollinger Band suggests strength.
• News sentiment is turning bullish, with analysts predicting a potential breakout.

DOGE Price Prediction

DOGE Technical Analysis: Bullish Signals Emerging

According to BTCC financial analyst Olivia, DOGE is currently trading at $0.1709, above its 20-day moving average of $0.1658, indicating a potential bullish trend. The MACD shows a slight bearish crossover with a value of -0.0039, but the price remains NEAR the upper Bollinger Band at $0.1792, suggesting strong upward momentum. Olivia notes that if DOGE can break through the $0.1720 resistance level, it could target $0.1792 in the short term.

Market Sentiment Turns Bullish for DOGE

BTCC financial analyst Olivia highlights that recent news headlines suggest a growing bullish sentiment for DOGE. Analysts are pointing to a potential breakout as Doge tests resistance at $0.1720 after rebounding from a low of $0.1565. The reversal of a 50-day bearish pattern has sparked speculation of another rally, with some targets set higher. Olivia cautions that while the setup looks promising, traders should monitor key resistance levels closely.

Factors Influencing DOGE’s Price

Dogecoin’s Quiet Setup Could Detonate Shorty, Says Analyst—Here’s The Target

Dogecoin hovered near $0.174 during European trading on Thursday, extending a two-day rebound from its mid-June support level around $0.16. The 11% recovery since Tuesday's low has reignited trader interest, but technical analyst More crypto Online warns the move appears corrective rather than impulsive. The memecoin remains trapped in a complex diagonal wave pattern that could still fail.

A June 2 analysis of the hourly chart suggests the advance from the 22 June low unfolds as a three-wave structure, lacking the five-wave signature of a true trend reversal. The diagonal pattern remains valid if Dogecoin holds the $0.16-$0.166 micro-support zone. A measured Fibonacci target at $0.196—138% extension of wave 1—remains plausible if the pattern completes.

The roadmap requires completion of the current A-wave, followed by a B-wave pullback before a potential C-wave rally toward $0.196. A brief probe toward $0.182 may precede the corrective phase. "All corrective in nature," the analyst emphasizes, cautioning against premature bullish expectations.

Dogecoin (DOGE) Tests Resistance at $0.1720 After Rebound From $0.1565 Low

Dogecoin has mounted a recovery from its recent swing low of $0.1565, mirroring broader momentum in Bitcoin and ethereum markets. The meme coin breached multiple resistance levels, including a key bearish trendline at $0.1640, before encountering selling pressure near the $0.1726 peak.

Technical indicators show Doge trading above both the $0.1650 support and its 100-hour moving average. Market participants now watch the $0.1720 level as a critical threshold—a decisive break could open path toward $0.1750, while rejection may trigger retracement to test the $0.1650 support zone.

Dogecoin Reverses Course, Breaking 50-Day Bearish Pattern – Is Another Rally Brewing?

Dogecoin has defied broader market bearishness with a technical breakout, hinting at potential upside momentum. The meme coin rose slightly above $0.16 after rebounding from key support levels, marking its first sustained MOVE above a 50-day downward trendline.

Trader Tardigrade notes the emergence of higher lows and higher highs on DOGE's daily chart—a classic reversal pattern. While not yet confirmed, this microstructure suggests growing buyer interest despite persistent crypto market volatility.

The breach of this prolonged resistance line could signal shifting sentiment for the dog-themed asset. Market watchers await a second higher low formation to confirm whether this is a genuine trend reversal rather than a temporary retracement.

Is DOGE a good investment?

According to BTCC financial analyst Olivia, DOGE shows promising technical and sentiment indicators for a potential upward move. Here’s a quick overview:

While the technical setup and news sentiment are positive, Olivia advises caution and recommends watching the $0.1720 resistance level for confirmation of a breakout.