Dogecoin (DOGE) has fallen 3.2% in the past 24 hours, but as the meme coin rally temporarily pauses, this decline may herald a larger trend. During the same period, trading volume nearly doubled, indicating that interest has increased as DOGE approaches the key resistance level of $0.23.
Meanwhile, other leading meme coins, such as Shiba Inu (SHIB) and Pepe (PEPE), have also declined by about 4.4%, indicating that the entire industry is preparing for a rebound as sellers become exhausted.
So, is the price prediction for Dogecoin still bullish—or does the decline over the past week signal that the top meme coin could face deeper troubles?
Dogecoin Price Prediction: The bull flag pattern indicates a potential increase of 52%.
Dogecoin forms a bull flag and may rise to $0.35. Over the past week, after the DOGE token reached the $0.25 area, its price movement stagnated, as this seems to be a key level for market participants.
Key Observation Point: A breakout above $0.23 is a crucial resistance level in the short term. After an effective breakout, the target based on the flagpole measurement may challenge the high of $0.35 (potential increase of 52%). The defensive support range of $0.18-$0.19 forms an important support zone. Any pullback above this area can be seen as a healthy technical correction.
Current market dynamics suggest that, despite short-term profit-taking pressure, Dogecoin still maintains a complete upward technical structure. Investors should closely monitor changes in trading volume and breakthroughs at key price levels, as this will be an important basis for judging the subsequent market development.
