DOGE now stands 70% down from its post-election highs just four months ago, a potential reference point for a major reversal as bullish sentiment creeps back into the altcoin market.
After enduring months of heavy downside volatility, DOGE is finding its footing—up a peak 30% from last week’s lows and pushing back into the “best crypto to buy” conversation.
Risk-on sentiment has made a return with Trump’s 90-day tariff pause, and DOGE stands among those reaping fresh retail liquidity.
Dogecoin Poised for ‘Big Week’
While some view the recent uptick as just a relief rally within a broader bear market, popular X analyst Ali Martinez presents a case that Dogecoin is “gearing up for a big week.”
He argues that a close above the $0.17 mark would trigger a bullish breakout. This could open the door to $0.21 or even $0.29—provided DOGE maintains support above $0.13.
If Dogecoin can hold above $0.17 with strong volume, it could finally break out of its consolidation zone and regain serious market momentum.
DOGE Price Analysis: How High Could the Rally Go?
Martinez’s $0.29 target aligns with an early breakout from the descending channel that has defined Dogecoin’s multi-month downtrend.
DOGE / USDT 3-day chart, descending channel pattern. Source: Binance.This week’s revival could be the first step in that 80% climb, with price rebounding off a long-term support trendline that’s marked bottoms since mid-2024.
The immediate $0.17 barrier Martinez cites coincides with stubborn resistance from the 20SMA, which has blocked upside attempts over the past month.
But bullish momentum is building. The MACD has flipped positive for the first time since the post-election rally, forming a golden cross with the signal line—often a key signal for a trend shift.
Still, the Relative Strength Index (RSI) remains anchored near 30, barely lifting from oversold territory. Buying pressure isn’t quite there yet to support a sustained move.
If DOGE can clear near-term resistance, a sustained breakout could pave the way for a 200% rally to $0.48 target—but that likely hinges on a major catalyst, such as ETF approval.
This New ICO Could Shake Up a $85B Industry
After a multi-month freefall across the altcoin market, presale investing has become a popular strategy—offering a hedge against downturns and a shot at above-average returns.
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The post Can DOGE Explode From Here? Chart Signals Show Big Move Brewing appeared first on Cryptonews.
