Dogecoin is regaining its spark as technical indicators flash signs of renewed bullish 0 a prolonged consolidation and a notable correction to $0.095, the popular meme coin is now showing encouraging signs of recovery. A quiet yet steady breakout in its price structure, supported by an RSI breakout from an inverse head-and-shoulders pattern, points toward strengthening market sentiment. Dogecoin’s Price Action Aligns With RSI Breakout Targets Trader Tardigrade, in his recent analysis of Dogecoin’s 4-hour chart posted on X, emphasized that the popular meme coin is maintaining a solid uptrend after a quiet but meaningful 1 move reflects growing bullish strength in the market as DOGE continues to trade above key support levels, signaling renewed interest from buyers after a period of 2 Reading: Next Dogecoin Stop Could Be $0.33 If This Level Holds, Analyst Says He further explained that the RSI indicator is displaying an inverse head and shoulders breakout pattern, a technical signal that often precedes a strong bullish 3 development suggests that momentum is building in favor of the bulls, with the RSI likely to climb toward the overbought zone if buying pressure 4 to Tardigrade, if the current uptrend remains intact and the price continues to hold above key short-term supports, Dogecoin could advance toward its previous high near $0.21.
Breaking above that level would not only validate the bullish structure but also potentially trigger a stronger rally, as it would confirm a shift in market sentiment toward sustained upside 5 Shows Early Signs Of Rebound After Deep Correction Crypto analyst BitGuru revealed in a recent post on X that Dogecoin (DOGE) is finally showing the early signs of a potential 6 follows a prolonged period defined by a lengthy consolidation phase and a deep correction that pushed the price down to the $0.095 7 resilience, appearing after such an extended pullback, suggests that the market may finally be ready to 8 Reading: Dogecoin (DOGE) Resilient Above $0.20 – Can Momentum Shift Toward Fresh Upside?
The analyst provided a clear technical trigger that would confirm a definitive shift in the short-term market 9 the momentum to truly take hold and build into a sustainable rally, the price must successfully sustain above the key $0.20 10 acts as the necessary floor that buyers must establish and 11 DOGE is able to achieve a confirmed hold above $0.20, the technical outlook suggests a clear path 12 would then be expected to build rapidly toward the next major resistance target, identified as the $0.25 zone, signaling a significant short-term bullish shift for the meme 13 image from Getty Images, chart from 14
Story Tags

Latest news and analysis from NewsBTC