- DOGE rebounds from $0.15217, forming a strong cup pattern with bullish potential.
- Price lifted from $0.13009 to $0.179, marking a solid recovery phase.
- Long-term trendline supports a possible 600% breakout toward $0.80055.
Dogecoin (DOGE) is stabilizing above key support levels, signaling renewed bullish momentum across multiple timeframes. Analysts have identified recurring technical patterns that may support a significant upward price move.
DOGE Holds Key Levels as Analysts Track Short-Term Behavior
Technical analyst BitGuru has provided additional insights into Dogecoin’s recent price behavior, focusing on a rounded bottom formation on the 4-hour chart. This pattern emerged before DOGE advanced from $0.15217 to a local high near $0.179, signaling renewed bullish interest. BitGuru’s analysis aligns with broader technical signals indicating early recovery structures.
Source: BitGuru
Recent chart patterns reveal that Dogecoin is developing setups supported by strong short-term momentum and cyclical price behavior. Buyers are reacting consistently to key support and resistance levels, forming a base for potential continuation. Analysts now monitor these zones closely for validation of sustained upward movement or possible breakdown.
According to BitGuru, DOGE completed a cup-shaped recovery, lifting from $0.15217 after a major dip from $0.20576. His analysis shows clear market cycles beginning with an early attempt to pull back near $0.17945. Price then surged to $0.20576 before entering a confirmed downtrend, falling through support zones.
A sharp selloff dropped DOGE to $0.13009, marking the lowest level on the chart. After this, the asset gradually climbed to $0.16661 before retracing to $0.15217. BitGuru described the recent uptrend as “bullish beauty,” indicating a technical structure likely to support continuation.
The current price holds above $0.17394, with the next resistance near $0.1850. BitGuru mentioned that if this level holds, DOGE may attempt a breakout beyond recent highs. His focus remains on short-term support and resistance, without referencing macroeconomic factors.
Long-Term Analysis Suggests Stronger Upside Potential
Trader Tardigrade has presented a comparative analysis using the 3-day timeframe and longer-term trend data. His observations outline a broader technical structure, identifying repeating rallies from an ascending trendline dating back to late 2023.
Source: Trader Tardigrade
As per Tardigrades View, three key support bounces produced gains of 200%, 400%, and now a projected 600%. Each surge began near the trendline and followed higher lows, maintaining structural consistency. He marked initial rallies from $0.04 to $0.11795, then from $0.06 to $0.38452.
The latest bounce near $0.115 now projects a move toward $0.80055. Tardigrade emphasized the trendline’s reliability, citing each bounce’s timing and magnitude. His projection follows a steep parabolic arc without using indicators like RSI or volume. No macroeconomic data or fundamental analysis was included, with all findings based purely on price history and technical structures.
