Dogecoin’s price is entering a new bullish phase after months of decline. Technical analysis of the daily candlestick timeframe chart shows that the popular meme cryptocurrency is flashing a trend reversal, hinting at a significant shift from bearish to bullish momentum. 

Analyst Flags Daily Trend Reversal On Dogecoin Chart

A prominent crypto analyst known as Trader Tardigrade has highlighted a confirmed trend reversal for Dogecoin. In a post on X (formerly Twitter) this week, he pointed out that DOGE’s daily chart has flipped from a downtrend to an uptrend. This claim is reinforced by a technical analysis of Dogecoin’s price action. 

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Dogecoin’s price recently broke above a descending trendline that had defined its downtrend for several weeks. This breakout occurred on April 22, when Dogecoin closed above $0.165 on the daily candlestick timeframe. This breakout was the first step indicating the coin was escaping its bearish trajectory. 

Shortly after breaching the downward sloping resistance line, Dogecoin’s price pulled back between April 23 and April 24 to retest the same trendline, but this time from above. Importantly, the former resistance trendline held strong as a new support level during the retest. Following that successful test, Dogecoin resumed its upward climb, marking the continuation of the new uptrend. 

This pattern of breakout, retest, continuation is a classic technical confirmation of a trend reversal. The successful retest of this trendline gives more confidence that the bullish shift is real and not a false signal.

Image From X: Trader Tardigrade

Bullish Target: $0.25 By Early May

With the daily trend now pointing upward, the focus is now on how far this new uptrend could carry Dogecoin. According to Trader Tardigrade’s analysis, Dogecoin could continue climbing in the coming days, potentially crossing the quarter-dollar mark very soon. As indicated on the chart he shared by Trader Tardigrade, the next Dogecoin price target is around $0.25 by the first week of May.

If achieved, a rise to $0.25 would be a significant milestone, considering Dogecoin has been stuck in a downtrend for over 10 weeks. As such, a break to $0.25 would mark Dogecoin’s highest price since late February and a robust recovery from its recent lows around the $0.14 to $0.15 range. Such a move would also represent roughly a 51% gain from the breakout level of $0.165. 

However, $0.25 is only the target in the short term. In a separate analysis, Trader Tardigrade pointed to Dogecoin’s long-term chart, highlighting a round bottom formation. The accompanying chart shows that in previous cycles, Dogecoin’s price formed a rounded bottom before entering explosive upward trends. This repeated pattern, now visible again on the monthly timeframe, signals that Dogecoin may be on the verge of another significant breakout. The long-term price target in this case is $2.8.

Image From X: Trader Tardigrade

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At the time of writing, Dogecoin is trading at $0.18.

Featured image from Unsplash, chart from TradingView

Dogecoin (DOGE) is once again breaking out of a textbook falling‑wedge formation, and the analyst who anticipated the memecoin’s last three‑fold explosion thinks the stage is set for an encore. “Breaking crucial area, expecting solid bullish wave in midterm,” World Of Charts (@WorldOfCharts1) told his X followers while sharing a 12‑hour Binance chart.

Major Dogecoin Upswing Incoming?

He referenced a post from April 13 where he predicted: “Doge: We caught this big move in Oct 2024, Dogecoin went more than 3×. Now again Doge [is] on [the] verge of massive breakout… expecting 3× from here.”
The chart shows five months of compression that began when DOGE topped at just under $0.48 in early December.

Since then, every rally has stalled beneath a descending resistance trendline, which now cuts through the mid‑$0.155 zone; parallel support currently tracks the $0.14 area after cushioning a pair of capitulation wicks in March and April. The price is now breaking out of the upper boundary for the first time in almost two weeks.

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World Of Charts’ measured‑move overlay starts at the notional breakout above $0.17 and projects a vertical advance of $0.21804, implying a primary objective just shy of $0.39—a 138% gain from the trigger and within striking distance of the psychological $0.40 handle. If the setup delivers the same magnitude as last year’s wedge, the could ultimately test $0.65, completing a fresh three‑fold rally.

The time symmetry behind the call is hard to ignore: the current wedge has compressed for almost six months, mirroring the consolidation that preceded the October–December 2024 eruption from $0.11 to $0.48. Volume has thinned with each contraction cycle, a classic pre‑breakout signature, while momentum oscillators on lower time frames are beginning to tilt positive as spot reclaims its 50‑EMA.

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Other analysts remain focused on Bitcoin’s grip over market beta. “If BTC breaks above $89K and shows conviction upwards I think Dogecoin gets back to $0.26 relatively quick,” cautions Kevin (@Kev_Capital_TA). “BTC holds the cards as always, especially with BTC dominance pushing higher and monetary policy still tight.” In his analysis, $0.26 represents the 0.618 Fibonacci retracement of the November–March slide, marking the first substantive hurdle even if DOGE clears wedge resistance.

From a pure chart‑based perspective, the battle lines are now sharply drawn. A decisive daily close above trendline and a successful retest would confirm the breakout, shift the red demand band into a springboard, and expose successive targets. Failure to punch through would keep price pinned inside the pattern, with any slip below $0.15 risking a slide toward structural support at $0.13 and, in extremis, the $0.11 pivot that launched last year’s parabolic ascent.

At press time, DOGE traded at $0.1641.

Featured image created with DALL.E, chart from TradingView.com

Dogecoin is showing signs of strength after weeks of volatility and market uncertainty. The meme-inspired cryptocurrency has held firm above crucial support levels and is now pushing toward a potential recovery rally. After reclaiming the $0.15 mark, bulls are looking to build momentum, with the $0.17 level emerging as the next major resistance to break. A successful move above this threshold could confirm a broader trend reversal and reignite bullish sentiment across the meme coin sector.

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Supporting this outlook, recent on-chain data from Santiment shows that Dogecoin whales have been highly active—accumulating over 800 million DOGE in the last 48 hours. This surge in whale buying activity adds weight to the bullish thesis, suggesting that larger players are positioning for a move higher. The renewed accumulation, paired with improving technical conditions, has sparked optimism among traders and investors who believe Dogecoin could be gearing up for its next leg upward.

Still, caution remains, as global macroeconomic tensions continue to create unpredictable conditions across the financial markets. For Dogecoin to confirm a recovery rally, bulls must hold current levels and push through near-term resistance in the coming sessions.

Dogecoin Faces Crucial Resistance As Whale Accumulation Builds

Dogecoin is now at a pivotal point, trading just below key resistance levels after a strong rebound from recent lows. As broader market conditions improve and global tensions—especially around trade and tariffs—begin to cool, analysts are turning their attention to assets like DOGE that have lagged in performance but now show signs of potential upside. The meme coin has managed to reclaim the $0.15 mark, but to validate a broader recovery rally, bulls must push beyond the $0.17–$0.18 zone in the days ahead.

Momentum indicators are beginning to flip bullish, and some market watchers suggest that Dogecoin could be preparing for a breakout. However, sentiment remains mixed, with others pointing to the possibility of a continuation of the downtrend, particularly if resistance holds or macroeconomic conditions deteriorate. Despite this uncertainty, on-chain data paints a more optimistic picture.

Top analyst Ali Martinez shared insights on X, revealing that Dogecoin whales have accumulated over 800 million DOGE in the last 48 hours. This level of accumulation by large holders suggests renewed confidence in the asset’s short-term potential. Historically, such whale activity has often preceded strong price moves in DOGE.

For bulls to take control, Dogecoin must break above near-term resistance and sustain momentum amid a still-volatile environment. A failure to do so could see the asset slip back into consolidation or even retest previous lows. The coming week will be critical for determining whether DOGE’s next move is a breakout or another pullback.

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DOGE Price Holds $0.16 As Bulls Aim for Breakout

Dogecoin is trading at $0.16 after failing to reclaim the 4-hour 200 Moving Average (MA) near $0.168, a level that has acted as strong short-term resistance. Despite recent bullish momentum across the crypto market, DOGE bulls are struggling to regain control. The $0.15 level now serves as critical support. If Dogecoin holds this area, there’s a strong chance it could push higher in the coming sessions.

A successful break above $0.17 would be significant, potentially opening the door to a rally toward $0.20, a level not seen since early April. However, price rejection and continued weakness around $0.168 suggest that sellers are still active, and bulls need to reclaim this moving average to build momentum.

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If DOGE loses the $0.15 mark, downside risk increases sharply. A drop to $0.13—or even lower—is likely as bearish pressure could intensify in a volatile market. Investors will be watching closely for a clear move in either direction, as Dogecoin sits at a key inflection point. Volume and on-chain data, including recent whale accumulation, suggest potential, but confirmation must come through price action above immediate resistance.

Featured image from Dall-E, chart from TradingView