Dogecoin’s weekly chart holds a bullish pattern with rising support, hinting at a strong upside push toward key resistance levels.
Fibonacci extensions show DOGE could rally to $0.43 and even $1.08 if momentum continues and the current trendline remains intact.
Weekly candles show consistent buyer interest, with each pullback finding support—signaling accumulation and a potential breakout ahead.
Dogecoin is showing signs of a major turnaround as its multi-year structure tightens. With higher lows holding strong, all eyes are now on whether DOGE can break key resistance and charge toward the $1 mark before year-end.
Bullish Structure Intact Since 2023
Dogecoin’s weekly chart from 2021 to 2025 shows a shift in market structure. In early 2021, DOGE surged to an all-time high during a period of heavy trading activity. After the peak, the price entered a prolonged decline throughout 2021 and 2022, forming a series of lower highs and a reduced volume.
By 2023, the market behavior changed. The price movement stabilized, and entered a consolidation phase trading within tighter ranges. A rising support trendline formed during this period, connecting multiple higher lows starting from early 2023. Each dip in price has held above this line, reinforcing the structure and reflecting steady accumulation over time.
By early 2024, price action broke previous resistance, triggering a strong move upward. A Fibonacci extension drawn from this leg marks a level of $0.43038. This zone acted as a swing high before a healthy retracement in mid-2024. Notably, DOGE again held the ascending support, avoiding structural breakdown.
Fibonacci Targets and Volume Back Breakout Potential
Following the retracement, the price rebounded and formed higher lows into 2025. The weekly close near $0.21796 shows renewed buyer activity.As long as DOGE stays above its rising support line, the bullish outlook stays alive. The trend line has held firm through several tests, showing steady strength and resilience.
A second Fibonacci extension projects a target of $1.08453. This level is based on a broader wave measured from the 2023 rally. Historically, Dogecoin has shown explosive moves post-consolidation. The chart structure now mirrors past bullish expansions.
Resistance remains visible near $0.43, aligning with the first Fibonacci level and previous swing high. Once cleared, price could accelerate toward the second target zone. No signs of structural weakness or trend invalidation are present at this stage.
Weekly candles continue to print higher lows, while support at each retracement confirms ongoing accumulation.If price sustains this pattern, the next phase could challenge long-term resistance zones. Traders are now watching the $0.43 breakout as the next catalyst. A move beyond that could pave the way to the much-anticipated $1 level.
The post Dogecoin Holds Strong Above Key Trendline,Is a Massive Rally Brewing? appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
