Dogecoin News Today: Dogecoin's Bullish Momentum Signals Potential 150% Rally

Dogecoin's monthly chart is currently exhibiting strong bullish signals, with a key resistance level having transformed into support. This shift is a classic indicator of rising momentum, as DOGE continues to form higher highs and higher lows across various timeframes. Traders often interpret this support flip as a foundation for significant price movements, suggesting that previous selling pressure has dissipated and buyers are increasingly active.

While the support flip is encouraging, many analysts are focusing on the "green line" on the chart as the next critical level. This green line often represents a key trendline or dynamic resistance level, such as the Supertrend or a long-term moving average. A confirmed breakout above this green barrier could trigger explosive gains, as this level has historically acted as a ceiling during previous rallies, potentially inviting strong buying pressure.

Once Dogecoin clears this final hurdle, several bullish targets come into view. The first major target is around $0.30, aligning with prior resistance zones. Beyond that, levels like $0.35, $0.41, and even $0.50–$0.70 become potential targets if the momentum continues. Technical patterns such as the cup-and-handle or ascending triangle formations are further bolstering the bullish case. Some projections suggest a 100%–150% rally from current levels if all conditions align.

DOGE’s price action is in sync with a broader positive sentiment in the crypto market. If this trend persists, Dogecoin could lead the next altcoin rally. Analysts are eyeing targets between $0.30 and $0.70, with the potential for significant gains if the current momentum holds. The bullish momentum is further supported by several technical indicators, including a "double bottom" formation on Dogecoin's price chart, validated by a breakout above $0.25. This pattern suggests a potential breakout toward $0.42, with some analysts speculating that the price could even reach higher levels. Additionally, Dogecoin is currently displaying a rising wedge pattern within a long-term ascending channel, which also indicates a potential breakout toward the $1 mark.

Whale accumulation, bullish patterns, and long-term channel support have all contributed to the speculation of a breakout. The On-Balance Volume has risen sharply, signaling strong participation behind the breakout. Parabolic SAR has also flipped bullish and continues trailing below the price, adding confirmation to the trend direction. On the 4-hour chart, price action remains elevated with no sign of topping structure, and the Chande Momentum Oscillator is holding near 32, reflecting healthy capital inflow.

However, it is important to note that the price of Dogecoin is still subject to volatility. Analysts are watching $0.18 as a key support level, with a possible bounce back to $0.25 if bullish momentum returns. The daily chart shows Dogecoin breaking cleanly above a long-term downtrend and closing above all major EMAs, including the 200 EMA at $0.204. This flip in structure confirms the shift in trend bias, while the Bull Market Support Band between $0.1839 and $0.2024 now acts as a solid base.