Analysts Predict a Dogecoin (DOGE) Price Rally – Here’s What the Charts Reveal

Dogecoin is once again gaining interest as traders start talking about a possible rally. At the moment, DOGE price is trading around $0.2539, and both the monthly and daily charts are showing setups that could pave the way for higher prices. 

Two prominent analysts have shared their views on X (formerly Twitter), pointing out technical patterns that may decide where DOGE goes next.

The Big Cup and Handle on the DOGE Monthly Chart

Analyst Mikybull Crypto shared a DOGE chart showing what looks like a cup and handle pattern forming on the monthly timeframe. This pattern has been building ever since Dogecoin price topped out in 2021. 

The larger cup stretches from the $0.05-$0.07 region up to the $0.36-$0.40 neckline. A smaller cup has taken shape this year between the mid and high teens, creating what could be the “handle.”

The key level to watch is clear: the $0.36-$0.40 zone. That zone has acted as resistance on a number of occasions, and a monthly close above it would be the kind of breakout that bulls are hoping for. If that occurs, chart math places targets in the $0.54-$0.58 region and potentially $0.65-$0.70, which aligns with the 2021 all-time high.

Support is resting in the $0.22-$0.24 area, and if that gives way, the next support level comes into play in the $0.17-$0.19 area. Additionally, the RSI is moving higher from the midline without yet being overbought, a pleasant signal that momentum is gathering.

Read Also: Top Analyst Predicts Massive October Pump for Bitcoin and Ethereum: How High Can They Go?

Daily Channel Keeps the Dogecoin Uptrend Alive

Meanwhile, analyst Stonk Chris pointed to a rising channel on the daily chart. DOGE price has been bouncing between higher lows and higher highs inside this channel for months. 

The recent bounce was from the $0.21-$0.23 level, and continue the trend. Conversely, resistance at $0.28-$0.31 remains intact.

Source: X/StonkChris

The Ichimoku cloud also indicates bulls are still in control, with Dogecoin price hovering above a thin support area. The daily RSI is climbing back up from neutral levels, which usually signals momentum is recovering.

Read Also: SEC Speeds Up ETF Path for XRP, Solana, Cardano, Litecoin, and Dogecoin – Here’s What’s Changing

What Traders Are Watching Next

The roadmap looks pretty straightforward. A daily close above $0.30 could open the door to the mid-$0.30s and then the bigger $0.40 neckline. If that neckline eventually breaks on a monthly close, the larger cup and handle pattern could be targeted for the $0.54-$0.70 zone in the long term.

For now, support to watch is $0.22-$0.24 and resistance at $0.36-$0.40. Stay above support and Dogecoin price continues its bullish shape. Break above resistance, and the stage could be set for a much larger move.

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Funbi Afe
Funbi Afe

Funbi Afe is content strategist with a strong background in technical writing, cryptocurrency, journalism, and copy editing. Passionate about simplifying complex topics, Funbi crafts clear, engaging content that informs and inspires diverse audiences. With expertise spanning blockchain technology, SEO strategy, and market analysis, Funbi is dedicated to helping brands and communities deliver impactful, polished messaging in the fast-evolving digital space.

CaptainAltcoin
Logo