Dogecoin is at a crucial point of success or failure. If it can rise strongly, it may trigger a new round of rebounds; if it breaks down, it could trigger another decline.
Dogecoin's price is currently in a critical range.
DOGE is firmly holding the 200-day simple moving average (0.21384 USD) and the exponential moving average (0.20763 USD), with the current trading price at 0.2182 USD, just slightly above these two lines. Historically, if a clear breakout can form here, it often leads to weeks of upward movement; however, a false breakout after a drop could result in a significant decline.
It is crucial to hold these two moving averages, as the daily closing price will determine whether a strong trend is confirmed or if it signals the next round of decline. The current Dogecoin price is in a mid-range position, making the performance in the next few trading days particularly critical.
However, a new golden cross has appeared on the daily chart, and this signal typically marks the beginning of bullish momentum; it has also formed a confirmed double bottom pattern, with the probability of a Dogecoin ETF issuance as high as 75%.
However, these signals are associated with a target price of 0.3763 USD — indicating a nearly 70% increase from the current price. For many traders, the golden cross is a core factor supporting a bullish view.
DOGE's price is about to fluctuate significantly.
Looking further ahead, the current trend is compared to the bull market phase where Dogecoin surged hundreds of percentage points, suggesting that the token could rise by 226% and return to its historical high of 0.73905 USD; in addition, based on past price cycles, potential price levels of 1.42 USD and 2.11 USD are also drawn.
Despite these bold predictions, traders remain cautious. Data shows that Dogecoin has fallen 1.09% in the past 24 hours and 10.53% in the past week. To reverse the upward trend, the price may need to establish a decisive daily closing price above 0.213 USD.
Currently, the battle for Dogecoin at the 200-day line is far from over:
If it can hold this area, bullish reasons will further strengthen; if it falls back below 0.207 USD, bullish signals may fail. Traders will continue to monitor the closing prices in the next two to three days for directional answers. As the largest participant in the memecoin market, Dogecoin is currently waiting for signals for its next move.
