TLDR
- Dogecoin price climbed above $0.2420 resistance after finding support near $0.2220
- Technical analysis shows DOGE forming bullish trend line with support at $0.2460
- Analyst projects potential $5 target representing 1,983% increase from current levels
- Five bullish factors identified including RSI momentum and moving average support
- Key resistance at $0.74 must break for major rally to begin
Dogecoin has started a fresh upward move after climbing above the $0.2420 resistance zone against the US Dollar. The meme cryptocurrency found support near $0.2220 before beginning its latest rally.
The price pushed above both the $0.2350 and $0.2420 resistance levels during the recent move. Bulls managed to drive DOGE higher until bears stepped in near the $0.2550 level. A peak formed at $0.2542 before the price began correcting some of its gains.
Currently, Dogecoin trades above the $0.2450 level and the 100-hourly simple moving average. A connecting bullish trend line has formed with support sitting at $0.2460 on the hourly chart.
The immediate resistance on the upside stands near $0.2550. If bulls can push through this level, the first major resistance target sits at $0.2620. The next resistance zone is located near $0.2650.
A close above $0.2680 could send the price toward $0.280. Further gains might push Dogecoin toward $0.2840, with the next major target for bulls at $0.30.
Monthly Chart Analysis Reveals Bullish Signals
A technical analysis on Dogecoin’s monthly chart has identified five bullish factors that could drive the price to $5. This would represent a 1,983% increase from current levels around $0.24.
The analysis shows Dogecoin potentially repeating the same setup that led to its 2021 surge. The 20-month and 50-month moving averages have acted as solid support, just as they did before the last bull run.
Dogecoin’s price recently rebounded from this support zone. This mirrors the early stages of the previous bull cycle that eventually peaked around $0.477.
The Relative Strength Index on the monthly chart remains relatively low but shows potential for upward movement. In previous cycles, the RSI rose to around 80 before a blow-off top occurred. With room to grow toward this level, momentum could be building for another rally.
The cryptocurrency has maintained a critical support level despite market turbulence. The last time this support was tested and held, Dogecoin experienced a price increase of approximately 20,399%.
Timeline Suggests October 2025 Peak
The timeline of Dogecoin’s bullish structure may be aligning with historical patterns. The previous bull rally took about 181 days to reach its peak from a similar technical setup.
If the same pattern repeats, October 2025 could mark a price climax. This timeline places June and July in a critical window that could see strong bullish action.
The $0.74 level represents a critical resistance for Dogecoin. A breakout above this threshold could validate the bullish roadmap toward the $4-$5 target range.
This resistance level aligns with the upper boundary of an ascending parallel channel. The channel contains DOGE’s price movements from mid-2022 to present day.
If Dogecoin fails to climb above $0.2550, it could start another decline. Initial support sits near $0.2450 and the trend line. The next major support is located near $0.2385.
The main support level sits at $0.2320. A break below this level could send the price toward $0.220 or even $0.2120.
Technical indicators show the hourly MACD gaining momentum in the bullish zone. The hourly RSI now sits above the 50 level, suggesting upward momentum.
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