- DOGE consolidates above key support after a 67% retrace, showing signs of forming a higher low as altcoins begin to rebound.
- Astronomer_Zero forecasts a $0.36 DOGE target by September, citing cyclical timing and a strong 6R risk-to-reward opportunity.
- With DOGE up 46% from July lows and down 62% from the peak, the current structure mirrors its previous breakout in late 2024.
Renowned analyst Astronomer_Zero has issued a bullish call on Dogecoin ($DOGE), suggesting the altcoin may have bottomed. The analyst previously nailed Bitcoin’s ($BTC) cycle low and now extends his conviction to one of his favorite altcoins. DOGE trades at $0.17548, hovering above a key support zone after retracing from its November 2024 highs. According to Astronomer_Zero, this setup mirrors the October 2024 breakout, when DOGE surged from $0.10 to nearly $0.46—a 5x move.
DOGE Forms Higher Low After Major Correction
DOGE’s price history between May 2024 and May 2025 reflects a classic boom-and-bust cycle. In November 2024, DOGE spiked 283%, peaking near $0.46. However, the gains faded as the coin entered a multi-month correction, dropping to around $0.15 by April 2025. This marked a 67% drawdown from the top.
Source: Astronomer
However, the recent price action shows consolidation between $0.17 and $0.18. This range sits just above a proven support zone near $0.15. Additionally, historical levels—marked with purple and green zones—highlight strong demand zones. These areas have held up well during prior corrections, confirming a possible higher low structure.
Besides the technical setup, Astronomer_Zero’s bullish bias relies on macro cycle alignment. First, $BTC bottomed and rallied. Then $ETH followed. Now, he believes altcoins are finding their cycle lows, including DOGE. Consequently, the sentiment shift and market timing appear to align once again.
Bullish Price Projection Targets $0.36
Astronomer_Zero’s analysis outlines a potential uptrend from current levels. The speculative path leads to $0.36 by September 2025. Moreover, the green shaded zone between May and November supports this forecast. The structure implies a defined risk and reward scenario.
Furthermore, the upside risk-to-reward ratio exceeds 6R, offering traders returns. For spot holders, existing positions carry little downside if DOGE holds above $0.15. Hence, the analyst suggests heavy spot bags already represent a strong bet on future upside.
DOGE remains 62% below its November peak, yet trades 46% above its July 2024 low. This shows resilience despite volatility. The current setup resembles the previous breakout. As a result, traders now watch for confirmation and follow-through.
