“Dogecoin Reversal? Analyst Reveals: Breaking Through $1.16 is Just Around the Corner!”

After a week of market volatility, Dogecoin (DOGE) price has rebounded strongly after hitting a low, breaking through the downward trend channel and retesting the support level of $0.1750. Analysts are generally optimistic about Dogecoin's future trend, believing it has bottomed out and may welcome a new round of price increases.

Technical indicators and on-chain data support this view, especially the retest of the long-term trend line and the bullish divergence indicated by the Relative Strength Index (RSI). Some analysts predict that if the current support holds, Dogecoin will break through $1.16.

At the same time, whale activity and large transaction flows have strengthened this speculation, particularly the transfer of 100 million DOGE, indicating institutional investors' accumulation behavior. Although retail buying has slowed down, the influx of large funds may drive the price to continue rising.

From a technical perspective, if Dogecoin breaks through $0.1850, it could see a larger increase, with target price levels of $0.50 and even $1.16.