Dogecoin is once again in the spotlight as analysts suggest a major bullish breakout could be on the horizon.
The meme coin recently reached $0.48 before pulling back to $0.25, but technical indicators point to a potential surge that could take DOGE to a new all-time high.
Bullish Signals Emerging for Dogecoin
Crypto expert Trader Tardigrade has highlighted key technical indicators suggesting that Dogecoin could be preparing for a strong uptrend.
One of the most significant signals is the first-ever Bullish Divergence on the Relative Strength Index (RSI) this year, a pattern often seen before a price surge.
Additionally, long wicks in the daily time frame suggest market volatility, which could indicate a trend reversal in DOGE’s favor. If history repeats itself, Dogecoin could see a substantial pump, with many traders eyeing the long-awaited $1 price target.
Key Resistance Levels to Watch
Crypto portfolio manager Natalie Dormer points to $0.40 and $0.48 as critical resistance levels for Dogecoin. If DOGE breaks past these levels with strong volume, it could confirm a larger uptrend, potentially pushing the price beyond $1.
At the moment, Dogecoin is trading around $0.25, with market sentiment appearing cautious. However, past bull cycles suggest that each cycle has been larger than the previous one, meaning that this one could bring DOGE’s biggest rally yet.
As Dogecoin gains renewed investor interest and breaks key resistance levels, all eyes are on its next big move. Will DOGE finally reach $1? The coming days could provide the answer.
