Support level validation: $0.184 serves as a key defensive line
The current Dogecoin is at a critical point of a tug-of-war between bulls and bears; the target bottom of $0.184 is not an isolated judgment but resonates with technical patterns:
From a higher time frame perspective, the $0.18 integer level has been tested multiple times, becoming the core of a symmetrical triangle consolidation pattern. The $0.184 level, as its precise extension point, forms a dual protection of 'integer support + pattern bottom line';
On-chain data shows that this range corresponds to a key position of a long-term upward trend line. Historically, three pullbacks have triggered strong rebounds, with the highest increase reaching 100%. The buying power has been validated by the market.
II. Three core signals at the end of the downward trend
Technical indicator divergence reversal: The RSI indicator shows a classic bullish divergence (price lows are decreasing while the indicator lows are increasing), and MACD also simultaneously releases a bottom divergence signal. This combination pattern, which appeared in August 2024, previously drove DOGE to a 300% surge.
Trading volume holds hidden secrets: Recently, the 24-hour trading volume has surged to $4 billion against the trend, with price and trading volume rising synchronously, indicating clear signs of low-level funds entering the market, and selling pressure has gradually diminished.
Formation structure unbroken: Despite a 23% correction, the ascending triangle formation remains intact, and the 50-day moving average is approaching the 200-day moving average, which may lead to a potential 'golden cross' that will further strengthen the bullish structure.
III. The driving logic and target path of the upward wave
1. Core catalysts
Seasonal strong window: Crypto analyst VisionPulsed points out that DOGE historically bottomed in late October for two consecutive years and reversed in November, with the potential to repeat this seasonal pattern in 2025.
Market rotation transmission: If the S&P 500 continues to strengthen → Russell 2000 breaks through → Ethereum confirms the upward transmission path, the high beta asset DOGE will become the core beneficiary of fund rotation.
Opinion leaders and community support: After Musk recently publicly mentioned DOGE, the price reacted quickly, combined with the high activity of the Reddit community with 130,000 members, providing a basis for sentiment recovery.
2. Phase-targeted upward goals
Short-term (1-2 weeks): After stabilizing at $0.20, the first target is the $0.245-$0.25 range; a breakthrough will open the space towards the key resistance level of $0.30.
Medium-term (November): If the resistance at $0.305 is broken, it is expected to target $0.34, with extreme scenarios potentially testing the $0.80-$0.90 range.
Long-term: A breakthrough of the historical high of $0.74 is needed to open up more space; the current 5% annual inflation rate (annual issuance of 5.2 billion coins) is the main constraint on long-term upward movement.#加密市场回调