- DOGE holds strong above $0.239–$0.244 support zone, with a weekly gain of 5.75% and targets set between $0.255–$0.260.
- A breakout from a bull pennant pattern hints at a potential move to $0.31, backed by bullish RSI and MACD signals.
- If the bull flag pattern holds, DOGE could surge over 560%, projecting a possible price near $0.95.
Dogecoin (DOGE) is holding a crucial support zone as bullish sentiment resurfaces across meme coins. MacroCRG emphasized the importance of this support level, suggesting its relevance extends beyond DOGE to the broader meme market indicating the technical significance of the $0.23900–$0.24400 price area.
At the time of writing, DOGE was trading at $0.2473, near the lower range of this zone. There is a 5.75% weekly gain, with the current candle opening at $0.2330 and peaking at $0.2544. This recovery follows a correction from highs above $0.40 earlier in 2025, and the formation of higher lows now hints at a potential reversal.
Support Holds as DOGE Targets $0.255–$0.260 Range
DOGE is testing an important zone between $0.23900 and $0.24400. According to MacroCRG, holding this level is important for bullish continuation. Resistance is at $0.2515, the most recent high.
If the price stays above the support zone, a move toward $0.255–$0.260 is possible. However, a drop below $0.2390 could reverse sentiment and lead to a decline to $0.2300. Analysts say it is important to watch for bullish candlestick patterns within this area.
Bull Pennant Breakout Forms
Analyst Ali has pointed out a breakout pattern developing in DOGE’s movement. He notes that Dogecoin is breaking out of a bull pennant and suggests a price target of $0.31. Momentum indicators support this view.
The RSI surged to 54.44 from 44.18, suggesting improving sentiment. This level keeps DOGE at a neutral-to-bullish level, with potential for further growth.
The MACD has also turned bullish, with the MACD line crossing above the signal line at –0.00905. A similar configuration in the past occurred before DOGE’s climb to $0.40.
Bull Flag Projection Places DOGE Near $0.95 Potential
Bitcoinsensus reports that DOGE has been moving within a series of long lasting bull flag structures. The first three rallies resulted in gains of 90%, 215%, and 440% respectively. The ongoing fourth pattern, if sustained, could result in a more than 560% gain.
That would place the DOGE price near $0.95. Volume supports the rally, with 7.01 billion DOGE traded recently, suggesting growing investor activity. DOGE also ranks among the most visited meme coins, alongside SHIB and PEPE, with DINNER leading gains at 1005.66%.
Dogecoin’s price outlook, volume spike, and bullish indicators all point toward increasing market activity. Analysts remain focused on the key support and breakout levels, as price trends shape future direction.
