logo

Dogecoin Uptrend Intact? Expert Analysis Sparks Bullish Buzz

By: bitcoin ethereum news|2025/05/04 00:15:02
0
Share
copy
Dogecoin’s price rebounded to $0.186 after declining from $0.185 to $0.15 earlier in the week. The rebound is evidence of buyers coming in on lower prices, a sign some market observers view as continued strength for the meme cryptocurrency. Analysts Monitor Long-Term Pattern Formation As far as analyst Steph is Crypto is concerned, Dogecoin still tracks what they refer to as a “Legendary trend-line” that extends between three significant price lows over several years. That support line started above $0.001 in early 2020, was again breached above $0.059 in 2024, and most recently broke below to find support around $0.14 in 2025. Each time the price struck this line, it has recoiled higher. Those who remain long on DOGE are “absolute legend,” Steph noted in their review, which gives a long-term price target of $10. That would be over 5,000% gain from present levels. #DOGECOIN road to $10! If you’re still holding $Doge , you’re an absolute legend. pic.twitter.com/ZppO6UTzSK — STEPH IS CRYPTO (@Steph_iscrypto) May 1, 2025 Daily Charts Display More Conservative View Other analysts provide a less aggressive prediction using daily chart trends: Dogecoin tends to rebound from a rising trendline, making a sequence of higher lows. Their findings indicate these rebounds tend to follow false reversals that occur before significant breakout movements. Previous Resistance Levels Become New Support Taking longer periods, another trend can be observed in the price movement of Dogecoin. As per analysis over three-day charts, earlier high values are seen to be acting as support levels subsequently. This came to pass when DOGE broke above $0.097 resistance late in 2023, then retreated to test that same level as support early in 2024. The same thing occurred with the July 2024 high of $0.146, which became a support level in April 2025. Future Price Targets Based On Historical Patterns The February peak of $0.29 in 2025 is yet another reference point that preceded the recent price fall. While technical analysts had tested the $0.145 support point in April, they now look at $0.23 as the next level to watch as a resistance point. In case these trends remain consistent, some experts are of the opinion that Dogecoin might hit $0.80, which would be more than its all-time high of $0.73. Although these predictions are largely based on technical chart patterns and not fundamental considerations, the predictability of Dogecoin’s price structure has drawn the interest of some cryptocurrency market observers. The ascending trendline that has stood even during various market cycles is a primary indicator that most traders are monitoring to assess the strength of DOGE’s current position. Featured image from Unsplash, chart from TradingView Source: https://www.newsbtc.com/altcoin/dogecoin-uptrend-intact-expert-analysis-sparks-bullish-buzz/

You may also like

What are the noteworthy signals for the cryptocurrency industry after the Wash hearing?

Although this hearing ostensibly focuses on the independence of the Federal Reserve, it is actually a direct confrontation over the boundaries of power between the White House, Congress, and the central bank.

High ETH BTC Price Ratio: What It Means for Traders in 2026

Explore why the eth btc price ratio just hit a 10-week high in April 2026. We analyze the massive ETH ETP inflows and what this historic pivot means for your trading strategy this year. Is Ethereum finally ready to outpace Bitcoin?

What Is the New York Lawsuit Against Coinbase? Is Your Crypto Safe After the April 2026 Case

Wondering why New York sued Coinbase and Gemini in April 2026? Here's what the lawsuit means, whether your crypto funds are safe right now, and what could change for crypto users next.

Finally, Polymarket is teaming up with Kalshi to take a bite out of this cake

The two giants in the prediction market are expected to successively announce the expansion of perpetual contract products in the short term. This not only expands their product and revenue boundaries and supports the continuously rising financing and valuation but also responds to the potential thr...

ENI officially announces the completion of its strategic brand upgrade: advancing from a foundational protocol to a global institutional-level financial new infrastructure

ENI has announced a comprehensive brand upgrade, officially transitioning from a foundational public chain to an "Enterprise Blockchain as a Service (BaaS) platform," dedicated to building a global bridge connecting traditional finance and Web3.

The person who brings Web3 closest to AI

If not liquidated, the AI project he invested in has now reached a valuation of several billion dollars.

Popular coins

Latest Crypto News

Read more