Dogecoin (DOGE) Breaks 50-Day Slump: Bullish Signals Flash as Meme Coin Roars Back

Dogecoin’s bleeding streak might finally be over. After 50 brutal days of downtrend, the meme coin’s chart is printing its first green shoots—and traders are scrambling to catch the rebound.

From Bear Trap to Bull Run?

DOGE’s recent price action hints at a classic reversal pattern. No guarantees in crypto, of course—where ‘technical analysis’ often just means ‘educated guessing.’ But for the first time since May, the charts aren’t screaming ‘sell.’

The Cynic’s Corner

Let’s be real: if Dogecoin’s ‘fundamentals’ were a corporate earnings report, the SEC would be investigating. But in crypto-land, momentum trumps logic—and right now, DOGE’s got the wind at its back.

TLDR

• Dogecoin broke above a 50-day bearish trendline, signaling a potential trend reversal
• DOGE price bounced from $0.1565 lows to reach $0.1726 before consolidating above $0.1650
• Technical indicators show TD Sequential buy signal on 3-day chart pointing to possible rally
• Key resistance levels at $0.1720 and $0.1800 remain challenges for sustained upward movement
• Analysts target $0.21 if DOGE can reclaim $0.17 level with current bullish momentum

Dogecoin has shown signs of recovery after breaking above a key bearish trendline that dominated price action for over 50 days. The meme coin started a fresh increase from the $0.1565 zone, climbing above multiple resistance levels.

DOGE managed to push above the $0.1600 and $0.1620 resistance levels during its recent bounce. The bulls drove the price above $0.170 resistance, with a peak formation at $0.1726 before entering a consolidation phase.

The breakout above the bearish trendline at $0.1640 marks a potential shift in momentum. This technical development has caught the attention of analysts who see it as a possible end to the extended bearish pressure.

Current Price Action and Support Levels

Dogecoin is currently trading above the $0.1650 level and the 100-hourly simple moving average. The price experienced a minor decline below the 23.6% Fibonacci retracement level of the upward MOVE from $0.1565 to $0.1726.

Initial support sits at $0.1650, which aligns with the 50% Fibonacci retracement level. The next major support level is located at $0.1620, with the main support zone at $0.1560.

If DOGE breaks below the $0.1560 support, the price could decline toward $0.150 or even $0.1450 in the near term. This WOULD invalidate the current bullish structure and potentially resume the downtrend.

Technical Indicators Point to Bullish Momentum

The Tom DeMark Sequential indicator has flashed a buy signal on the 3-day chart. This technical signal often precedes upward price movements and has drawn attention from market analysts.

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

Trader Tardigrade noted that DOGE’s Average Directional Index shows a lower low on the weekly timeframe. This pattern historically appeared before major bull runs in 2017 and 2020, preceding the 2021 rally.

The current microstructure shows a new higher low and higher high formation on the daily chart. A second higher low would confirm a trend reversal from bearish to bullish sentiment.

Resistance Levels and Price Targets

Immediate resistance on the upside sits NEAR the $0.1710 level. The first major resistance for bulls is at $0.1720, which needs to be cleared for sustained upward movement.

The next resistance level is at $0.1750, followed by $0.180. A close above $0.1750 could send the price toward the $0.180 resistance zone.

Technical analyst Ali Martinez has identified $0.17 as the next crucial level to watch. If Doge can reclaim this level with the TD Sequential buy signal active, a rebound toward $0.21 becomes possible.

Further gains above $0.200 might target the $0.2120 level. Long-term forecasts suggest potential for much higher targets if the bullish momentum continues through the current market cycle.

The hourly MACD for DOGE/USD is losing momentum in the bullish zone, while the RSI remains above the 50 level, indicating neutral to slightly bullish conditions.