Dogecoin’s Dip Looks Temporary—Traders Eye $0.25 as Next Rally Point

Dogecoin’s latest pullback has speculators buzzing—because nobody in crypto ever learns from history. The memecoin dipped 12% this week, but chain data shows whales accumulating at lower prices.

Why this isn’t another 2021-style crash: Open interest in DOGE perpetual swaps barely budged during the selloff. That’s trader-speak for ’we’re not actually scared.’

The cynical take: Wall Street would call this reckless gambling. Crypto natives call it Tuesday. Either way, the 200-day moving average at $0.18 held firm—and now the path looks clear for a retest of May’s $0.25 peak.

TSG zooms into the four-hour timeframe and observes the same impulse consolidating within a descending parallel channel spanning $0.22–$0.26, a classic bull flag. On a breakout, he assigns a precise target of $0.32928.

He buttresses this outlook with a time projection, an arrow that anticipates the next decisive move within the coming days. If the flag fails, invalidation arrives on a four-hour close beneath the lower channel boundary NEAR $0.20; below that, a cyan demand block between roughly $0.16 and $0.21 aligns with the rising trend-line that has underpinned price action since early April, offering bulls a secondary zone to reload.

Taken together, the two studies sketch an aligned roadmap. If Dogecoin holds above the $0.20 area, the next price target could be the $0.32 region.

At press time, dogecoin changed hands near $0.228, hovering near the breakout line of the descending trend channel which originated in December last year and dominated price actions since then. Notably, the midline of this channel is also situated just below $0.20, reinforcing the importance of this level for a continuation of the bullish impulse.