- DOGE shows resilience with key support at $0.12 and upside targets up to $1.00
- Technicals show bullish crossover and RSI near neutral, suggesting room to grow
- Community buzz and investor confidence may fuel Dogecoin’s next major breakout
Dogecoin (DOGE), the internet’s favorite meme coin, is showing renewed bullish signs after a turbulent few months. After a sharp dip from its December highs, the coin is now mounting a noticeable recovery.
Despite recent short-term price drops, the broader trend seems to be shifting in favor of the bulls. As momentum slowly returns, the market is watching DOGE closely to see whether it can reclaim its earlier highs and possibly even reach new ones.
Market Sentiment and Key Price Levels
Crypto Patel, an analyst, emphasized DOGE’s resilience. He reported that DOGE surged 700% from an earlier entry and remains 300% above that level. From a more recent entry, it’s still up 68%. These figures underscore strong investor confidence.
However, DOGE faces crucial resistance around $0.30. If it breaks through, it could revisit the $0.40 zone and aim for Patel’s targets of $0.50 and even $1.00. On the flip side, support near $0.12 has proven to be a strong floor during past corrections.
$DOGE is looking MEGA BULLISH! 🚀
— Crypto Patel (@CryptoPatel) May 18, 2025
Already did 700% from our first entry and still 300% up — plus it’s now 68% up from our Recent 2nd entry!
Chart shows strong bullish structure — higher highs, clean pullbacks, and massive community momentum backing it up. This bull run, #DOGE… https://t.co/d3dAaK8DUq pic.twitter.com/Mvq2DIyHAC
Technical Indicators Suggest a Rebound
The DOGE chart reveals a pattern of higher highs and orderly pullbacks both signs of a healthy uptrend. As of press time, Dogecoin is trading at $0.2171, reflecting a modest decline of 2.92% over the past 24 hours. Over the past week, the coin has dropped 12.65%. However, technical indicators suggest this dip could be part of a broader bullish correction.
The MACD, an important momentum indicator, is now showing a bullish crossover. The MACD line has crossed above the signal line, which often signals the start of an upward move. While the current values are low, they are steadily increasing. This hints at strengthening momentum, not exhaustion.
Similarly, the RSI stands at 55.10. With the recent high at 63.88, the RSI remains in neutral territory. This leaves significant room for upward price action before DOGE enters the overbought zone. In short, DOGE has space to grow without triggering immediate selling pressure.
Community Momentum Could Drive the Next Move
Besides technicals, Dogecoin thrives on community momentum. Massive retail engagement and social media chatter often fuel its rallies. If this sentiment builds again, DOGE could outperform expectations.
While risks remain, especially with past net outflows topping $200M, the structure is shaping up positively. With momentum slowly building and bullish signs aligning, DOGE may just be gearing up for its next big run.
