Dogecoin Price Forecast: Could a 50% #Rally Be Next for #DOGE ?

Dogecoin (DOGE), the world’s most famous meme-inspired cryptocurrency, is showing renewed #bullish energy. Technical #indicators and chart structures suggest that a breakout could be on the horizon — potentially leading to gains of up to 50% from recent lows.

With market sentiment improving across the crypto space, DOGE traders are eyeing a key resistance zone that could spark a powerful rally. But will momentum be enough to push the popular altcoin toward its next major target?

Dogecoin’s Current Trend Structure

#Dogecoin is currently trading within a broad ascending channel, a pattern that has been developing for several months. This channel is defined by two sloping trendlines:

Upper Boundary: Dynamic resistance, where price has historically faced selling pressure.

Lower Boundary: Dynamic support, acting as a cushion during corrections.

One critical feature of this pattern is the midline (often referred to as the equilibrium point of the channel). In DOGE’s case, this dotted blue midline is serving as a short-term pivot zone — influencing intraday momentum and acting as a battleground for bulls and bears.

When DOGE trades above this midline, bullish momentum tends to dominate. Conversely, dips below it often trigger short-term selling pressure.

Recent Price Action: From Sell-Off to Recovery

In mid-July, Dogecoin faced a notable pullback from the $0.29 region. Selling pressure intensified, pushing the price down to just above $0.17, where DOGE found strong buying support.

Trade $DOGE Now!