#Dogecoin ($DOGE ) has returned to investors' radars after a long period of volatility in the cryptocurrency markets. Technical analysis signals and an increase in trading volume indicate that #DOGE is preparing for a new bull run.
🔍 Latest Status: Price Data and Market Summary
Price: 0.1609 USD
24-Hour Trading Volume: 822.9 million USD
Market Value: 24.11 billion USD
7-Day Change: -5.68%
DOGE has fluctuated in a falling triangle formation in recent days, showing an upward bounce from an important technical level. This movement has attracted the attention of analysts and investors, and is thought to be the beginning of a new upward momentum.
📊 Technical Formation: Bullish Bounce from a Falling Triangle
Crypto analyst Jonathan Carter states that DOGE has bounced from the lower support line of the descending triangle formation on the daily chart. This bounce reveals strong buying pressure in the support area, which is seen as the “bulls’ defensive line.”
What Technical Indicators Indicate:
The bounce from the support is the first sign that the bull movement has resumed.
The $0.17 level is the critical threshold where bullish power will be confirmed.
The increasing trading volume shows that the price movement is supported and can be sustained.
🎯 Targets After the Breakout: The Path from $0.20 to $0.39
DOGE’s technical structure shows that it can reach the following price levels in the event of an upward breakout:
Price Target Rationale
$0.20 Short-term psychological resistance
$0.26 Fibonacci 1.272 level
$0.31 Historical reaction zone
$0.39 Major formation target – breakout peak
Each of these levels is considered technically strong resistance, but they are also seen as points that can be overcome in the event of a volume-supported breakout.
📈 Market Dynamics: Main Reasons for the Rise
Market Sentiment Change: The crypto market is generally moving from a downtrend to an uptrend.
DOGE’s Social Media Support: DOGE is trending again on platforms like X (formerly Twitter).
Divergence Signals: DOGE is showing a positive divergence against major coins like Bitcoin and Ethereum.
Investor Support: Both individual and institutional investors have started to accumulate again.
📌 Conclusion: Is a Bull Run Coming?
Dogecoin has entered a recovery process supported by technical indicators. In particular, an upward break of $0.17 could open the doors to a new rally period. After this point, the targets are set as $0.20, $0.26, $0.31 and ultimately $0.39, respectively.
If Dogecoin’s price reaches these levels, it has the potential to be the best-performing meme coin in the second half of 2025.
🧠 Expert Advice
"Dogecoin's technical structure has restructured in a way that is catching investors' attention. Buying aggressively before the $0.17 resistance is broken may be risky, but if it is broken, the potential gains are huge." - Jonathan Carter, Crypto Technical Analyst
📌 Warning: This content is not investment advice. Cryptocurrencies are high risk. Do your own research (DYOR).
