6 hour ago
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Dogecoin Targets 610% Rally by 2026 on Key Support Retest
Dogecoin (DOGE) has experienced a 5.5% drop, reaching recent lows. Analysts suggest that DOGE might be preparing for significant rallies if current levels hold.
Key Observations:
- DOGE retraced to $0.136-$0.138, dropping about 50% since Q4 downturns.
- Price tested local range highs but was impacted by Federal Reserve rate cut expectations, leading to a 4.6% intraday drop.
- Trader Tardigrade highlights DOGE's potential surge to $1 if support holds, with past retests marking major corrective phase bottoms.
- Previous rebounds included an 87% rally in eight weeks and a 442% run between Q3-Q4 2024 to a high of $0.48.
- Current level retest could lead to a 610% jump by early 2026.
Potential Rally Indicators:
- MACD Bullish Crossover indicates a trend shift from downtrend to uptrend.
- Analyst Bitcoinsensus notes a falling wedge pattern suggesting a possible 60% rise if a breakout occurs above the upper line.
- AltCryptoTalk observes DOGE retesting a key demand zone, potentially triggering a 115% rally to $0.30 if it holds.
Currently, Dogecoin trades at $0.137, reflecting an 8% weekly decline.
