$BNB
Dogecoin is showing signs of recovery. After recently dropping below a key support level amid a broader crypto market downturn, the meme-based cryptocurrency appears poised for an upward turnaround.
Market analyst and investor Trader Tardigrade highlighted a bullish technical signal on Dogecoin’s daily RSI, where a positive divergence has emerged. In this scenario, while prices continue to fall, the RSI is climbing, suggesting that momentum is shifting upward.
Additionally, increasing buying activity and promising technical indicators could allow Dogecoin to overcome its resistance level and trigger a robust bounce-back. Analyst Daniel Ramsey points to the classic Cup and Handle pattern as a potential catalyst for a bull run, forecasting a breakthrough that might push prices into the $0.22–$0.30 range. Ramsey also noted the appearance of three consecutive bullish “white soldier” candlesticks, further indicating potential upward movement. Combining these signals, he even speculated that Dogecoin could reach an all-time high of around $1.1 in the coming months, although it might retest critical levels before any significant surge.
Reflecting on past performance, Dogecoin previously experienced an 80-fold increase during its last major cycle, largely driven by retail interest without much institutional backing. Now, with growing global and institutional interest—including the potential introduction of Spot Dogecoin ETFs—some experts are predicting that the cryptocurrency could reach price levels between $9 and $35 in this cycle.
Overall, the technical patterns and increasing market participation suggest that Dogecoin might be ready for a strong recovery.
