Dogecoin News Today: Dogecoin Retests Key Support After 30% Rally Signals Possible 2x Move

Dogecoin (DOGE) has retested a key support level following a 30% price rally, with technical analysis suggesting the potential for a 2x move in value if the retest confirms successfully. The cryptocurrency has reclaimed levels previously seen as resistance, now acting as dynamic support zones near $0.19. Price action has validated a breakout from a descending trendline that had defined DOGE’s movement since early 2025, with the pullback seen as a test of the integrity of the new support level [1].

The recent price action has drawn the attention of technical analysts, who are monitoring whether the retest represents a consolidation phase or a sign of deeper bullish momentum. On the 1D and 2D charts, DOGE has moved above multiple supply zones, suggesting that buying pressure remains strong. The current price of approximately $0.199 is positioned just above the breakout level, with technical projections indicating that a successful retest could lead to a move toward $0.44–$0.46 [1].

Momentum indicators also support the idea of a continuation in the current bullish trend. The 1-hour RSI has reached 73.49, a level typically associated with strong upward momentum, and remains above its midline at 67.17, signaling sustained buying interest. Additionally, the MACD has shown a bullish crossover on the 12/26 setting, with the MACD line currently above the signal line. While the histogram has shown a slight contraction, the overall positive divergence remains intact, and volume has remained stable, adding credibility to the current price structure [1].

Analysts have noted the importance of maintaining price above this retest level to preserve the integrity of the broader accumulation base forming between $0.14 and $0.21. This base has been reinforced by the recent breakout and subsequent retest, mirroring patterns observed during bullish phases in early 2024. A breakdown below the current support level could signal a reversal or a deeper consolidation phase, but for now, the technical conditions appear to favor a continuation of the recent upward move [1].

While no analyst has explicitly forecasted a 2x move at this time, the technical conditions are being described as potentially conducive to such a scenario. Traders and investors are closely watching for further confirmation through price action and volume behavior, as these will ultimately determine the next phase of DOGE’s movement. The broader cryptocurrency market remains volatile, but the focus for DOGE is firmly on short-term technical dynamics rather than external macroeconomic factors [2].

Source: [1] Dogecoin Retests Support After 30% Rally as Charts Signal Possible 2x Move (https://cryptonewsland.com/dogecoin-retests-support-after-30-rally-as-charts-signal-possible-2x-move/)

[2] Leap Digital Investments (https://leapdigitalinvestments.com.au)