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Cryptocurrency News Articles
Dogecoin (DOGE) Price Prediction: Will DOGE Continue Its Uptrend Towards $10?
May 02, 2025 at 08:48 pm
A recent Dogecoin chart by analyst “Steph is Crypto” highlights that DOGE continues to hold a rising trendline, with the latest bounce indicating renewed bullish momentum.
Recent price action of Dogecoin (CRYPTO: DOGE) has shown resilience, especially after a brief bearish dip earlier this week.
What Happened: After dropping from a high of $0.19 to a low of $0.16 earlier this week, the coin swiftly rebounded to around $0.185 by Thursday. This signaled renewed buying interest at lower levels.
Analysts have identified multiple structural price levels that continue to guide Dogecoin’s trajectory across various timeframes.
One chart from analyst "Steph is Crypto" highlighted a significant long-term rising support trendline, which she termed the "Legendary trend-line."
This trendline connects three major price lows over several years. It started in early 2020 above $0.001, later touched a point above $0.06 in 2024, and most recently at around $0.13 in 2025. At each of these levels, the price bounced, signifying consistent defense of this trendline.
The support level around $0.13 represents the most recent contact with the trendline, which preceded the latest price recovery. Notably, Dogecoin has never breached this line during any of the recent market cycles.
According to the same chart, the formation indicates the potential for a long-term rally, with a speculative price target of $10. This would represent a 5,440% increase from the current price level. According to Step, those still holding DOGE are "absolute legend."
A More Conservative Outlook: Chart data from Trader Tardigrade on the daily timeframe signals a more conservative outlook. His analysis identifies a recurring pattern where Dogecoin bounces off an ascending trendline, forming higher lows each time.
These price structures are often preceeded by fake reversals ahead of the main breakouts. Specifically, in September of the previous year and April 2024, DOGE followed this bounce-and-breakout pattern.
Each event coincided with a rounded bottom in the RSI. Historically, such RSI patterns have led to strong rallies, especially when curving upward past the 50 mark. The analyst's chart sets an intermediate target at $1, pending the continuation of the current bullish setup.
Historical Pullback Behavior and Structural Consistency: In another chart update, Trader Tardigrade examined Dogecoin’s price action over a 3-day timeframe, identifying a consistent pattern of prior swing highs serving as future support.
In late 2023, DOGE broke past the $0.098 resistance, then tested and held that level as support in early 2024. A similar pattern occurred when a July 2024 swing high of $0.145 was visited again and confirmed as support in April 2025.
Also, the February 2025 high of $0.29 served as a key reference point before the price correction.
The return to the $0.145 support in April retained the structural integrity observed in past cycles. Following this pullback, the next resistance is projected above $0.23, setting the stage for a potential rally towards $0.80. This level would exceed Dogecoin’s previous all-time high of $0.73.
See More: Top 50 Coins On CCWNow
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- Dogecoin (DOGE) Gears Up for Its Debut at the Indianapolis 500 (Indy 500) Race with a New Logo Design Competition
- May 03, 2025 at 12:50 pm
- The Dogecoin Foundation, in collaboration with the House of Doge, is tapping into the creative spirit of its vibrant community with an exciting new design competition.
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- Kuwait Cracks Down on Cryptocurrency Miners, Accusing Them of Aggravating Power Shortages
- May 03, 2025 at 12:35 pm
- The government of Kuwait has initiated a crackdown on cryptocurrency miners throughout the nation, accusing them of aggravating power shortages with summer just around the corner. By David Anders. Updated April 26, 2025.
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