Dogecoin tests key support, analyst projects 300% rally

На русском
2 min
Dogecoin tests key support, analyst projects 300% rally

DOGE retests support. Analyst maps 300% move.

Dogecoin is back at long‑term support. A 300% range move is in play, per Will Taylor.

Taylor’s weekly DOGE/USDT chart shows price near $0.09006. Price presses the lower edge of a multi‑year bull pennant.

“Weekly RSI looks compressed,” he wrote. “We revisit an accumulation zone and bottom of a wider range.” He adds this sits at the heaviest volume node, often a reversal area.

Dogecoin price analysis

His chart marks ~$0.27304 as target. The label shows 302.43% upside from here. The setup assumes a move back to the range top.

Why this zone matters:

“If you accumulate and only play the range itself you’re looking at 300% to the upside,” he said on X. “Great for a spot buy technically though imo.”

Taylor also shared a DOGE/gold weekly view. It shows a support retest after a long drawdown. RSI again looks subdued and near oversold on that pair.

DOGE/Gold

At the time of his post, DOGE sat near the range low. The bullish case hinges on holding support and rotating to the upper band.

Original publication

Authors credited by the source: Jake Simmons

Published by Holder based on an external source.