Dogecoin Price Trends Bullish With 18-Month Support Line Intact

Dogecoin (DOGE) has recently shown signs of a potential bullish trend, with both long and short-term momentum indicators aligning in the same direction. Market analysts have been closely monitoring these indicators as price setups and trading volumes exhibit specific patterns.

On its 2-week price chart, Dogecoin has maintained an increasing trendline support line over the past 18 months. This trendline, observed in 44 two-week candlesticks, has served as a strong price support multiple times. Analyst Trader Tardigrade noted that every touch of this support line has been met with a modest-to-powerful rally, indicating sustained bullish sentiment among traders.

Since late 2023, DOGE price has moved in cycles that return to this ascending support before advancing to new short-term highs. Most recently, the meme coin rebounded near the $0.15–$0.16 area, where the trendline currently intersects. This technical trend suggests ongoing interest from investors who are buying dips near this zone. During this period, Dogecoin price reached local tops above $0.40 and $0.20 in distinct waves. Despite corrections, the meme coin has not broken the upward trendline, keeping the larger formation intact. The 2-week chart has already warned of another possible cycle extension, targeting a mid-range in the area of $0.30.

In the shorter timeframe, Trader Tardigrade noted that a hidden bullish divergence has emerged on the Dogecoin price 1-hour chart. This pattern is defined by rising price lows paired with falling Relative Strength Index (RSI) values. Such a structure suggests a possible continuation of the prior uptrend rather than a full reversal. The 1-hour candles show DOGE forming a series of higher lows between $0.162 and $0.165, while the RSI simultaneously prints lower lows. These conflicting movements are normally signs of strength in the asset, even though momentum indicators temporarily fall. A continuation setup, usually hidden bullish divergence, is interpreted when it is found in consolidation phases.

The technical convergence of the 2-week trendline support and the hourly hidden bullish divergence provided a multi-timeframe argument for a potential move upward. Patterns that coincide in both macro and micro charts tend to be more popular among technical traders. Structurally, the long-term trendline has not been positively broken since the end of 2022. At the same time, the 1-hour chart is forming a pattern that is likely to be followed by a trend. When both timeframes reflect potential upward movement, this is a favorable alignment. If DOGE reclaims hourly resistance levels while maintaining support on the higher time frames, analysts suggest the $0.30 level could become a near-term objective.

In the meantime, continuing the same technical framework, Dogecoin price is poised to hit the next area of technical resistance between the price levels of $0.25 and $0.30. That zone has been a supply level during earlier periods of the rally in early 2024. As of the time of writing, Dogecoin price was trading above $0.161. A clear push past $0.175–$0.18 could serve as a trigger toward the $0.25–$0.30 zone. Recent analysis shows a golden cross forming on Dogecoin’s weekly chart. The 10-week SMA is nearing a crossover above the 20-week SMA, signaling a near-term breakout. Coupled with the increasing open interests, bullish long/short ratios, and Fibonacci targets of $0.4355 and $1.179, the resistance at $0.22 was a key level to trigger an additional surge.