Dogecoin (DOGE) Forms Higher Lows, Signaling Bullish Trend. $0.6533 Target Hints at 180% Potential Upside

$DOGE is showing serious bullish momentum as it forms a clear pattern of higher lows, a classic signal that buyers are stepping in with strength. This trend has caught the attention of traders and analysts alike, with many now eyeing a significant move to the upside.

Dogecoin has been forming higher lows, which is a classic signal that buyers are stepping in with strength. This trend could continue to drive prices towards $0.6533, which is a key resistance level from earlier bull runs.

As such, traders might see open interest at this level, and reclaiming this zone would not only validate the bullish structure but also build momentum for a retest of all-time highs.

Currently, market sentiment around Dogecoin is improving, supported by strong volume and increasing demand. This higher low setup suggests accumulation, where smart money starts positioning for a breakout.

$DOGE (Dogecoin) now showing MAJOR STRENGTH after setting Higher Lows! $0.6533 can be coming in another nearly +180% upside and prices could even break above, bringing $1+ into play...

This is a key level to watch as a move through it could really spark some FOMO. https://t.cos7Jt82s0jLy

— JAVONMARKS (@JavonTM1) May 10, 2025

While a move to $1 for Dogecoin would require sustained bullish pressure and low levels of volatility, this scenario is increasingly looking possible if current market conditions persist.

A break above $0.6533 could also trigger a FOMO-driven rally, pushing DOGE past previous barriers and opening the door for a test of the $1 handle or even higher.

However, traders should keep in mind that cryptocurrency markets are known for their volatility, and any rapid price movements could stall this optimistic outlook.

For the moment, though, Dogecoin appears to be gearing up for its next major move as it pivots at critical support and prepares to slice through the next barrier on the way to new highs.