$DOGE
🚨 Dogecoin Price Targets $0.31 With Pattern Breakout 🚨
Dogecoin price rally gains momentum with its fifth positive day, accounting for almost a 30% surge. The technical chart reveals a rounding bottom breakout, as the DOGE price rally surpasses the $0.20 supply zone.
Dogecoin fell nearly 75% from $0.4846 to $0.1298 between December 8, 2024, and April 7, 2025, in 120 days. However, a bullish curvature under $0.20 led to a rounding bottom pattern. On May 9, DOGE price marked a conclusive breakout with a daily closing price of $0.2049. The 55% estimated rounding bottom breakout rally is estimated by adding its depth to the neckline breakout point, targeting $0.3159.
The meme coin rally has flipped the Supertrend Indicator with a $0.1863 breakout, signaling a new uptrend in motion. Additionally, the rising MACD and signal lines regain positive alignment after a few minor volatility-driven fake-crossovers. Thus, the technical indicators bolster the bull run chances for Dogecoin.
Retracing Fibonacci levels over the 75% DOGE downfall highlights the 50% level at $0.3040. The Dogecoin price prediction of $0.31 forecasts the 50% level breakout, hinting at a potential bullish extension.
On the flip side, a pullback under the $0.20 psychological level will undermine DOGE’s upside potential to $0.31. A $0.20 breakdown will put the $0.1411 support level on bearish radars.