At the time of writing, DOGE is trading around $0.169, recording a slight decrease of 1.45% over the past 24 hours.
Interestingly, the Trading Volume has lost more than 15% during this decline.
According to technical analysis, DOGE has recorded 6 consecutive red candles and reached the important support level of $0.167.
In the past, this level has always acted as a price reversal zone. Since April 2025, memecoin has reached this level more than three times and each time experienced a reversal, which analysts and experts are expecting to happen again.
Divergence and Breakout Potential
If DOGE sustains support above $0.164, recent price action and past trends suggest a potential surge of over 18%, with a target near $0.20 in the short term.
Despite the short-term setup, DOGE remains below the 200-day exponential moving average, which makes the overall bias bearish unless the bulls reclaim the $0.20 zone.
$31.40 Million DOGE Flows Out of Exchanges
Meanwhile, analytics firm CoinGlass revealed that long-time investors and holders have started accumulating tokens.
Data from the Spot Inflow/Outflow indicator shows that exchanges have seen $31.38 million worth of DOGE flow out in the past 48 hours
Bold Predictions
On social media, optimism is spreading.
On X (formerly Twitter), some bold predictions have emerged from experts. In a recent post, one expert noted:
“Dogecoin is repeating its previous move… It’s aiming for the $0.60 zone.”
Meanwhile, another crypto analyst shared a post saying:
“DOGE is on the verge of a major breakout… This chart looks crazy.”
