Dogecoin Prepares To Explode — Analysts Say Watch This Price

NewsBTC
Updated
Mitrade
coverImg
Source: DepositPhotos

Over the past four days, the Dogecoin price is up more than 17% and is thus nearing bullish territory according to two renowned chart technicians. Rekt Capital (@rektcapital) and Henry (@LordOfAlts), are pointing to what they believe is a major technical setup on the Dogecoin (DOGE) price chart—potentially heralding a sizable breakout.


This Price Level Is Crucial For Dogecoin


Early today, Rekt Capital shared a weekly DOGE/USDT chart highlighting key price levels at $0.159, $0.204, and most critically $0.22. According to the analyst, Dogecoin’s trajectory now hinges on whether it can “reclaim and/or Weekly Close above $0.22”—a level he refers to as a green zone of Pre-Halving highs on his chart.


Dogecoin price analysis


Rekt Capital suggests that the recent dip below $0.22 could represent a mere “downside deviation,” meaning any breach under that threshold might have been temporary if price action stabilizes above $0.22 in the near future. The candlesticks near $0.20 and $0.22 exhibit notable wicks, indicative of high volatility. Rekt Capital interprets these as part of a “very volatile retest” of the price region around March highs.


From a technical standpoint, the $0.22 area seems to act as a pivot. Should Dogecoin close a weekly candle above that boundary, it would increase the likelihood that buyers are regaining control, potentially setting the stage for a move toward higher resistance levels—such as the $0.28 and $0.338 region, identified by two horizontal green lines on Rekt Capital’s chart.


DOGE Breakout Already Confirmed?


Meanwhile, analyst Henry (@LordOfAlts) points to a multi-month falling wedge formation stretching from late 2024 through the first quarter of 2025. Henry notes that this pattern bears resemblance to Dogecoin’s descending wedge in 2024, which eventually led to a breakout and a significant price surge.


On Henry’s chart, DOGE had been consolidating between two downward-sloping trendlines for several months. The upper trendline connects lower highs since the coin’s peak above $0.48, while the lower boundary captures a sequence of descending lows.


Dogecoin technical analysis

Henry’s analysis draws a parallel between the current wedge and a similar structure that resolved in a 365% surge which started in October 2024. Over the past few days, Dogecoin broke out of the falling wedge pattern again, possibly setting the stage for another steep rise.


Although Henry does not guarantee specific targets, he remarks that last time “Last time it did a similar thing was in Sep 24. 50¢ next, then $1.00,” concluding with a succinct instruction to “Trust the cycle.”


At press time, DOGE traded at $0.19583.


Dogecoin price

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

goTop
quote
Do you find this article useful?
Related Articles
placeholder
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC stabilizes while ETH and XRP show weaknessBitcoin (BTC) price stabilizes at around $87,000 on Friday, as its RSI indicates indecisiveness among traders.
Author  FXStreet
Mar 28, Fri
Bitcoin (BTC) price stabilizes at around $87,000 on Friday, as its RSI indicates indecisiveness among traders.
placeholder
Ethereum Price Forecast: Whales increase buying pressure as developers set April 30 for Pectra mainnet upgradeEthereum (ETH) has seen immense buying from whales on Thursday following core developers fixing April 30 as a tentative date for the Pectra upgrade to go live on mainnet.
Author  FXStreet
Mar 28, Fri
Ethereum (ETH) has seen immense buying from whales on Thursday following core developers fixing April 30 as a tentative date for the Pectra upgrade to go live on mainnet.
placeholder
Bitcoin Realized Volatility Hits Alert Level – Compression Signals Imminent Price MoveBitcoin is trading just below the critical $90,000 level, struggling to regain bullish momentum after weeks of uncertainty. Market sentiment has shifted slightly — from extreme fear to cautious observation — but confidence remains fragile. Analysts are split on what comes next. Some warn that failure to reclaim $90K could extend the current downtrend, while […]
Author  Bitcoinist
Mar 28, Fri
Bitcoin is trading just below the critical $90,000 level, struggling to regain bullish momentum after weeks of uncertainty. Market sentiment has shifted slightly — from extreme fear to cautious observation — but confidence remains fragile. Analysts are split on what comes next. Some warn that failure to reclaim $90K could extend the current downtrend, while […]
placeholder
XRP yet to see gains despite Ripple's partnership with Chipper CashXRP failed to recover on Thursday, noting a 2% decline despite Ripple's latest partnership with mobile payment services provider Chipper Cash.
Author  FXStreet
Mar 28, Fri
XRP failed to recover on Thursday, noting a 2% decline despite Ripple's latest partnership with mobile payment services provider Chipper Cash.
placeholder
XRP’s Ripple partners with Chipper Cash to launch crypto payments in AfricaRipple, the crypto firm behind XRP, has signed a deal with African payments company Chipper Cash to launch crypto-based money transfers across the continent. The partnership, announced today, will use Ripple Payments to power cross-border payments for Chipper’s five million users in nine African countries. According to the announcement provided, the goal is to let […]
Author  Cryptopolitan
Mar 27, Thu
Ripple, the crypto firm behind XRP, has signed a deal with African payments company Chipper Cash to launch crypto-based money transfers across the continent. The partnership, announced today, will use Ripple Payments to power cross-border payments for Chipper’s five million users in nine African countries. According to the announcement provided, the goal is to let […]
Real-time Quote