DOGE surged 50%, signaling a potential trend reversal after a 75% drop in 2025.
Technical indicators show bullish momentum, with DOGE aiming for resistance levels at $0.30 and $0.35.
DOGE’s price has bounced off key support, suggesting further upward movement in the near future.
Dogecoin — DOGE, has been on a wild ride lately. After a massive 500% rally in late 2024, things turned sour in 2025. The price dropped 75%, reaching a low of $0.13 in just four months. Yet, in the past week, DOGE has surged by 50%, igniting hope for a bullish reversal. With technical indicators starting to shift, many traders are wondering if $0.30 is the next major target for bulls.
https://twitter.com/BuildrJ/status/1921873827744866380 DOGE Price Bounces Back
Looking at the weekly charts, DOGE is showing signs of life. Since November 2023, the price has been bouncing off an ascending support trend line. This trend line has acted as a safety net for Dogecoin, and April 2025 marked another successful bounce (see green icon). The current rally began right after DOGE broke above a crucial resistance line. Closing above $0.22 is significant since this price level has been important for DOGE in the past.
This break above $0.22 is a strong bullish signal. Additionally, technical indicators are turning positive. The Relative Strength Index (RSI) is climbing and is almost above 50. This suggests that momentum is building. The Moving Average Convergence/Divergence (MACD) recently made a bullish cross and is pointing up, which further confirms a potential trend reversal. The weekly chart tells us that Dogecoin could be turning the corner, and a bullish move seems more likely than not.
Will DOGE Continue Rising?
Zooming into the short-term picture, the wave count suggests that new highs could be in the cards for DOGE. The structure looks like a 1-2/1-2 wave pattern, with a noticeable extension in wave three. This indicates an impulsive upward move, which is often a sign of a strong trend. DOGE has also broken out of an ascending parallel channel, further supporting the idea of continued upward movement.
The technical indicators remain solid, with no signs of bearish divergence. This means that the rally is legitimate and could continue. If DOGE keeps pushing upward, the next major resistance zones are $0.307 and $0.350. These levels are where the bulls will face their next challenge, but for now, the outlook looks promising. DOGE has shown a solid bounce, turning bullish after a long downtrend.
For now, technical indicators are aligning for continued upward momentum. The next targets for DOGE bulls are $0.307 and $0.350. If the trend continues, these levels could soon be reached, making the outlook for DOGE much more positive. Keep an eye on these key resistance zones as they may determine DOGE's next move.
