- DOGE remained below the 200-day EMA, meaning the broader bearish trend still holds.
- Social sentiment turned bullish, with analysts predicting a possible rally to $0.60.
Dogecoin [DOGE] has reached a familiar support zone, sparking renewed interest after a sharp market pullback.
With prices down 20% from recent highs, the technical structure now reveals a textbook bullish divergence — hinting at a potential bounce.
Calm before the storm? DOGE shows signs of…
At press time, DOGE traded at $0.169, logging a modest 1.45% dip in the past 24 hours.
Interestingly, Trading Volume dropped over 15% during this decline.
This drop in Trading Volume during the price decline suggests weak downside momentum in the asset and indicates a slowdown in the acceleration DOGE has experienced in recent days.
According to AMBCrypto’s technical analysis, DOGE, with six consecutive red candles, reached a key support level at $0.167.
Historically, this level has always acted as an area of price reversal. Since April 2025, the memecoin has reached this level more than three times, and each time it experienced a price reversal — something analysts and experts are expecting again this time.
Bullish expectations are further supported by a bullish divergence on the daily chart: while DOGE made a lower low, the Relative Strength Index (RSI) formed a higher high—often a signal of impending upside movement.
This divergence suggests that DOGE could regain upward momentum, possibly heading toward the next resistance level, if buying pressure returns.
Source: TradingView
Divergence meets breakout potential
If DOGE maintains support above $0.164, recent price action and historical trends suggest a potential surge of over 18%, with a target near $0.20 in the short term.
Despite the short-term setup, DOGE remains below its 200-day Exponential Moving Average. That keeps the larger trend bearish unless bulls reclaim that zone.
Experts’ bold prediction: ‘This chart looks insane!’
On social media, optimism is spreading.
On X (formerly Twitter), several bold predictions have surfaced from experts. In a recent post, one expert noted,
“Dogecoin is repeating its previous move… It’s targeting the $0.60 zone.”
Meanwhile, another crypto analyst shared a post saying,
“DOGE is on the verge of a massive breakout… This chart looks insane.”
These posts on social media have gained widespread attention from crypto enthusiasts and reflect the growing interest and confidence of experts in the meme coin.
$31.40 million worth of DOGE outflow
Meanwhile, investors and long-term holders have begun accumulating the token, as revealed by on-chain analytics firm CoinGlass.
Data from the Spot Inflow/Outflow showed that exchanges witnessed a significant outflow of $31.38 million worth of DOGE in the past 48 hours.
Source: CoinGlass
This substantial outflow from exchanges suggests potential accumulation by investors and long-term holders, which could lead to increased buying pressure and further upside momentum.
