DOGE Breaks Out: Analysts Eye $0.18 as Next Target After 50-Day Downtrend Reversal

Dogecoin (DOGE) has successfully broken out of a 50-day bearish trendline, signaling a potential rally ahead. The meme cryptocurrency surged past the $0.1640 resistance level after bouncing from $0.1565 lows, reaching a high of $0.1726 before stabilizing above $0.1650. Technical analysts are optimistic, citing a TD Sequential buy signal on the 3-day chart as confirmation of growing bullish momentum. Key resistance levels to watch include $0.1720 and $0.1800, which could pave the way for further gains if breached. As of July 4, 2025, DOGE's breakout suggests renewed investor confidence and the possibility of an extended upward move in the coming weeks.

Dogecoin Breaks Bearish Trendline, Signals Potential Rally

Dogecoin has emerged from a 50-day downtrend with a decisive breakout above $0.1640, sparking Optimism among technical analysts. The meme cryptocurrency rebounded from $0.1565 lows to test $0.1726 resistance before establishing support above $0.1650.

A TD Sequential buy signal on the 3-day chart suggests accumulating bullish momentum. Market watchers now eye the $0.1720 and $0.1800 levels as critical resistance zones that could determine whether Doge challenges the $0.21 target.

The 100-hourly moving average currently provides dynamic support, with the 23.6% Fibonacci retracement level acting as immediate downside protection. This technical reversal marks a significant shift for the asset that has underperformed major cryptocurrencies throughout Q2.

Dogecoin Primed for 200% Rally as Analyst Identifies Key Accumulation Zone

Dogecoin's chart patterns suggest an imminent breakout, with TradingView analyst 'SwallowAcademy' highlighting a potential 200% upside. The meme cryptocurrency has demonstrated a consistent cycle of rallies, retests, and new highs since February 2024.

Technical indicators reveal DOGE currently sits at a strategic accumulation point, mirroring its pre-rally position in early 2024 when it surged 169% from $0.085 to $0.229 within a month. The current consolidation phase NEAR $0.080 echoes previous bottoms that preceded major upward movements.

Market observers note Dogecoin's resilience following its 14% June correction, with the asset now participating in the broader crypto market recovery. The identified pattern—characterized by impulse waves, retracements to support levels, and subsequent breakouts—suggests history may repeat.

Dogecoin Whales Fuel Price Breakout with $8.23M Inflow

Dogecoin has surged past key resistance levels, marking a 9% gain over two days as whale activity shifts dramatically. The meme cryptocurrency rebounded from its $0.13-$0.15 support zone, with derivatives markets flashing bullish signals—Open Interest jumped 15.78% to $2.09 billion while Options volume exploded 402%.

Market structure suggests a completed Power of Three pattern, typically signaling transition to a distribution phase. Technical analysts confirm the breakout above the 50-day trendline, with the token now testing $0.1750 after reclaiming its May low near $0.1674. Whale inflows turned positive for the first time in weeks at $8.23 million, though network activity tells a cautionary tale—daily active addresses collapsed to 33.7K from January's 500K peak.

The immediate technical target sits at $0.19 resistance, but the divergence between price action and network usage raises questions about sustainability. This rally appears driven by derivatives positioning and whale accumulation rather than organic adoption.