Dogecoin (DOGE) may be poised for another upward movement. The Dogecoin price continues to trade above an ascending trendline that has held strong since late 2023. Key technical indicators suggest a potential reversal, especially if the price breaks above $0.17.
Dogecoin's Ascending Trendline Remains Strong
The trendline, ranging between $0.13 and $0.14, has provided reliable support for Dogecoin's price for months. As long as DOGE stays above this level, further gains remain possible.
Currently, DOGE hovers just below the 0.5 Fibonacci level at $0.165—a critical resistance zone. With sufficient trading volume and bullish momentum, the price could surge toward higher targets.
On the 3-day chart, a TD Sequential "9" buy signal has appeared. This indicator often marks trend reversals. Its proximity to the trendline adds significance, as past occurrences have led to strong rallies, particularly when supported by bullish momentum indicators.
If bulls sustain the price above $0.17, DOGE could advance toward the 0.618 Fibonacci level at $0.231. This aligns with historical patterns and may signal a new uptrend, bolstering investor confidence.
$0.17: A Crucial Pivot Point
According to analysts, a decisive breakout above $0.17 could propel DOGE toward $0.21, the next technical target based on historical price action.
— Ali (@ali\_charts) June 28, 2025
Dogecoin's price remains stable for now. The support line holds firm, and technical analysis suggests room for recovery in late 2025. A confirmed breakout above $0.17 would strengthen this outlook.
The price faces immediate resistance at the 20-day EMA ($0.17). Bulls are defending this level, keeping breakout potential alive. If successful, the next resistance lies at the 50-day SMA ($0.19).
A breach of $0.19 could push DOGE toward $0.26. However, if the price rejects near $0.21, a retracement to the $0.14–$0.26 range is possible. A drop below $0.14 might trigger a decline toward $0.10.
FAQ
Q: What is the significance of the $0.17 level for Dogecoin?
A: $0.17 is a key resistance zone. A breakout could confirm bullish momentum, targeting $0.21–$0.26.
Q: How reliable is the TD Sequential indicator for DOGE?
A: Historically, TD "9" buy signals near trendlines have preceded strong rallies, but confirmation from volume and other indicators is essential.
Q: What happens if Dogecoin loses the $0.14 support?
A: A breakdown below $0.14 may lead to a drop toward $0.10, invalidating the current uptrend structure.
Q: Are there any catalysts that could drive DOGE higher?
A: Positive market sentiment, Bitcoin's performance, and developments within the Dogecoin ecosystem (e.g., adoption updates) may act as catalysts.
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