Dogecoin (DOGE) Price: The Bullish Pattern That Rocketed DOGE Before Is Back Again

Dogecoin’s price is flashing a familiar signal—one that sent it soaring in previous cycles. Traders are eyeing the charts as history threatens to repeat itself.

The Pattern That Pays (Until It Doesn’t)

Remember when DOGE defied gravity—and skeptics—with its last parabolic run? The same technical setup just reappeared, teasing another potential moonshot. No guarantees, of course—this is crypto, not a savings account.

Memecoins Don’t Care About Fundamentals

While Bitcoin ETFs debate institutional adoption, Dogecoin laughs in broken resistance levels. The ‘joke’ coin’s 2021 rally wasn’t fueled by whitepapers or utility—just pure, unadulterated hype. Now, with the pattern’s return, DOGE bulls are betting on round two.

A Cynical Take

Wall Street still won’t touch it, but your Uber driver probably has a price alert set. Such is the state of modern finance—where a Shiba Inu meme outpaces ‘serious’ altcoins. Will this pump last? Ask the chart gods (or Elon’s next tweet).

TLDR

• Dogecoin is forming falling wedge patterns on its chart, historically followed by price increases
• DOGE needs to break above $0.17 to potentially reach $0.21 target
• Current price sits at $0.16 with 2% daily gains
• Technical indicators show mixed signals with resistance at $0.168
• Recovery lacks follow-through despite recent uptick above $0.160

Dogecoin has been trading in a narrow range around $0.16 as the memecoin struggles to break through key resistance levels. The token recently gained 2% but remains below critical price barriers that could unlock higher targets.

Technical analyst Trade Tardigrade identified a pattern that has historically preceded price rallies for DOGE. The analyst noted that Dogecoin has been forming falling wedge patterns repeatedly on its chart.

#Dogecoin has been forming falling wedges repeatedly on support levels. 🔥
Each falling wedge has been followed by a decent bull run.$Doge/W1 pic.twitter.com/6I80YVWwfY

— Trader Tardigrade (@TATrader_Alan) June 29, 2025

These falling wedge formations have consistently led to bullish price movements in the past. Each pattern completion has resulted in decent price runs for the cryptocurrency.

The current setup mirrors previous instances where similar chart patterns preceded upward price momentum. Trade Tardigrade emphasized how these wedges FORM on support levels before triggering rallies.

Price Targets and Resistance Levels

Crypto analyst Ali Martinez outlined specific price levels that could determine DOGE’s next move. Martinez stated that crossing $0.17 could unlock a path toward $0.21.

If Dogecoin $DOGE can reclaim $0.17 — and with the TD Sequential buy signal now present on the 3-day chart — it could unlock a rebound toward $0.21. pic.twitter.com/BkVgxNdihW

— Ali (@ali_charts) June 28, 2025

The analyst pointed to a TD Sequential buy signal appearing on the 3-day chart. This technical indicator supports the bullish outlook if Doge can reclaim the $0.17 level.

Current price action shows DOGE trading above $0.1650 and the 100-hourly moving average. A bullish trend line has formed with support at the $0.1650 level.

The immediate resistance sits at $0.1680 based on recent price action. DOGE reached a high of $0.1699 during its latest recovery attempt before consolidating.

Technical Analysis Shows Mixed Signals

DOGE started a fresh increase above the $0.160 zone after climbing past $0.1520. The price managed to break through the $0.1550 and $0.160 resistance levels.

Bulls pushed the price above $0.1650 resistance during the recent rally. However, the recovery has shown signs of stalling around the $0.168 level.

The hourly MACD indicator is losing momentum in the bullish zone. This suggests the current upward MOVE may be weakening.

The RSI remains above 50, indicating buyers still have some control. Major support levels are positioned at $0.1650 and $0.1620.

If DOGE fails to break above $0.1680, another decline could follow. Initial downside support WOULD be near $0.1660 or the trend line zone.

The next major support sits at $0.1620 and the 61.8% Fibonacci retracement level. This level corresponds to the recent move from $0.1572 to $0.1699.

Main support remains at $0.160 for any deeper pullback. A break below this level could send DOGE toward $0.150 or even $0.1450.

For the upside, major resistance levels include $0.1680 and $0.1800. Breaking above $0.1750 could open the path toward $0.180 and eventually $0.200.

The next major target for bulls would be $0.2120 if the current pattern plays out successfully. This aligns with the $0.21 target mentioned by Martinez for a potential breakout scenario.

DOGE currently trades at $0.16 with the falling wedge pattern suggesting potential upward movement ahead.