Dogecoin Rebound Sparks 260% Upside Potential

Dogecoin (DOGE) has shown signs of a potential rebound after a sharp decline, with analysts eyeing a significant upside if certain conditions are met. The cryptocurrency recently dropped from highs above $0.22 to a local low around $0.14, but buyers stepped in, pushing the price back up to near $0.166. This rebound has sparked renewed interest in the meme-originated cryptocurrency, with momentum indicators suggesting that bulls may be returning.

Analysts have noted that Dogecoin's recent stabilization near $0.165 could serve as a launchpad for a fresh trend. The MACD indicator, though still below zero, is curving upward toward a possible crossover, which could confirm building momentum. Shrinking red bars on the MACD histogram suggest that selling pressure is weakening, and reclaiming the $0.18 resistance and turning it into support would be critical for any sustained breakout.

According to analyst Rananjay Singh, a bullish reversal could push Dogecoin up as much as 260%, placing the target price beyond $0.59, levels last seen in early 2022. However, any breakout to the upside will depend on broader market strength and Bitcoin's momentum. Altcoins remain highly sensitive to Bitcoin’s movement and investor sentiment, and for Dogecoin to reach projected targets, consistent buying pressure and market-wide optimism are required.

Traders are now closely watching whether Dogecoin can reclaim the $0.18 mark. If confirmed, it may open the door to a larger rally, aligning with the projected 260% upside. Despite bullish signals, Dogecoin has dropped over 5% in the past seven days, and the chart structure remains constructive for recovery. The token has consolidated at this range after several sharp pullbacks, offering a strong foundation if the broader market shifts bullish.