๐ถ DOGE Holds 18-Month Support โ Bulls Still in Control?
Dogecoin has respected the same rising trendline for over 1.5 years โ and it just bounced off that support again near $0.16. Every time DOGE touches this trendline, it tends to rally shortly after. Thatโs why analysts are watching it closely for a potential move back toward $0.30.
๐ Short-Term Bullish Signal Appears
On the 1-hour chart, DOGE is showing something called a โhidden bullish divergenceโ โ donโt worry, itโs simpler than it sounds:
๐ข Price is making higher lows
๐ป But the RSI (momentum indicator) is making lower lows
This usually means buying pressure is building under the surface, even if momentum looks weak. When this happens during a cooldown phase, it often leads to a trend continuation โ not a full reversal.
So, DOGE may be gearing up for another push upward.
๐ Two Timeframes Agree: Momentum Could Be Real
This is where it gets more interesting:
๐ On the 2-week chart, Dogecoin is holding its long-term trendline
๐ On the 1-hour chart, bullish signals are forming
โก๏ธ When both short-term and long-term charts line up, thatโs often a powerful signal for traders.
Volume remains stable, but if DOGE breaks above $0.175โ$0.18, a sharp rally could follow. That move would also catch the attention of larger traders and bots โ adding fuel to the move.
๐ฏ Target Zones and Breakout Triggers
Hereโs what traders are watching:
โ Support to hold: $0.16 (current trendline)
๐ผ Breakout trigger: $0.175โ$0.18
๐งฑ Resistance zone: $0.25โ$0.30
If DOGE climbs above $0.18, many expect a quick jump to $0.25โ$0.30 โ an area where previous rallies stalled in early 2024.
๐ก Weekly Golden Cross in Progress
On the weekly chart, the 10-week moving average is about to cross above the 20-week โ this is called a โgolden cross,โ and it often signals the start of a new uptrend.
Combine this with:
โ Bullish long/short ratios
โ Climbing open interest in futures
โ Fibonacci targets above $0.40 and $1.10
And weโve got a clear setup for DOGE to make bigger moves if momentum continues.
๐ Bottom Line
๐ธ Dogecoin is bouncing off long-term support โ again
๐ธ A hidden bullish divergence hints at a breakout
๐ธ Watch the $0.175โ$0.18 range closely
๐ธ If cleared, $0.25โ$0.30 is likely the next target
This isnโt hype โ the charts are doing the talking. But traders should wait for confirmation before jumping in. If volume rises with price above key levels, DOGE could make its next big run.