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Dogecoin Bullish Reversal: Analysts Predict 55% Surge to $0.2

Coin WorldMonday, Apr 28, 2025 5:07 pm ET
1min read

Dogecoin, the leading meme coin, is showing signs of a bullish reversal as the broader crypto market experiences a positive shift. Analysts such as Master Kenobi have suggested that Dogecoin is poised to reach new highs, with a particular focus on the $0.2 psychological level.

Trader Tardigrade, a prominent crypto analyst, has noted that Dogecoin is exhibiting a breakout from a falling wedge pattern. This observation is supported by a bullish cross on the Stochastic Relative Strength Index (RSI) biweekly chart, indicating a potential surge above the $0.2 price level.

In another analysis, Trader Tardigrade predicted that Dogecoin could soon outperform Bitcoin. The analyst highlighted that the current On-Balance Volume (OBV) pattern on the DOGE/BTC chart mirrors a previous pattern that preceded Dogecoin's outperformance of Bitcoin from October to December 2024. If this pattern holds, Dogecoin could see significant gains, replicating its price performance from the latter part of 2024.

Trader Tardigrade also believes that another bull run may be on the horizon for Dogecoin. He noted that Dogecoin has broken down to its Round Bottom in this cycle, suggesting that a "massive" bull run is imminent. According to his analysis, Dogecoin could reach as high as $2.8 during this potential bull run.

Ask Aime: What's next for Dogecoin after the bullish reversal?

Master Kenobi provided an update on the macro chart for Dogecoin, stating that the current configuration, when compared to the situation in 2017, indicates that Dogecoin has all the necessary ingredients for a "massive" pump. The 21-day Exponential Moving Average (EMA) on the 3-day chart supports a bullish outlook, reinforced by bullish divergence and the breaking of the trendline on the Relative Strength Index (RSI). Master Kenobi had previously predicted that Dogecoin could rally to a new all-time high (ATH) by June.

At the time of writing, Dogecoin is trading at around $0.18, showing an increase in the last 24 hours. This positive movement aligns with the bullish sentiments expressed by various analysts, who believe that Dogecoin is on the verge of a significant price surge.

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BunchProfessional680
04/28
Meme power > algo trading any day
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LogicX64
04/28
Dogecoin's got that meme magic, but can it hold against Bitcoin's might? 🤔
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ReindeerApart5536
04/28
Stoked for DOGE's breakout, let's go 🚀
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SnowShoe86
04/28
DOGE's 21-day EMA looking spicy, but don't forget your stop-losses, fam.
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Curious_Chef5826
04/28
$DOGE breaking outta that falling wedge, next stop: $0.2 and beyond, moon style.
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MasterDeath
04/28
OBV pattern looking bullish, could be a Doge moon soon. Hodl or nah?
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AxGGG
04/28
Round Bottom breakout? 🚀 Time to strap in for the ride. Not financial advice, just vibes.
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Fauster
04/28
Hodling a small bag of DOGE, letting it ride if it breaks $0.2. Fingers crossed! 🤞
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shakenbake6874
04/28
Gotta love the Dogecoin community, but let's not get rekt again, okay? 😅
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whoisjian
04/28
Dogecoin to the moon or just $0.2?
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Traditional-Jump6145
04/28
Diversifying with $AAPL and crypto, can't put all eggs in one meme basket.
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Revolutionary-Slip48
04/28
Master Kenobi sees a pump, but remember 2017 vibes. Be cautious, y'all.
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Excellent-Win-4625
04/28
Hodl DOGE, might hit $2.8 soon
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Kooky-Information-40
04/28
$DOGE moon soon? 🚀 I'm HODLing small, got my eyes on $SHIB too. Gotta spread those meme coins around.
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RoseyOneOne
04/28
@Kooky-Information-40 How long you been HODLing $DOGE? Thinking of going long myself, curious about others' experiences.
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The-Legend-Of-Chaw
04/28
Wow!The DOGE stock was in a clear trend, and I made $366 from it!
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ihasanemail
04/28
@The-Legend-Of-Chaw I had DOGE too, sold early, ngl regretting now. Missed that trend, thought it was dead.
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iahord
04/28
@The-Legend-Of-Chaw How long were you holding DOGE before selling? Curious about the timeline and your strategy.
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Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
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