Analysts split on Dogecoin bottom, one targets $1.6 rebound
Dogecoin returned to its long-term support line. One analyst calls a “perfect bottom.” Another says wait for confirmation.
Analyst Cryptollica says DOGE may have set a cycle low after revisiting a trendline that has held since 2021 on X and in a separate bottom study at NewsBTC.
He notes sentiment is washed out and interest is low near this line. The same setup preceded past rebounds per NewsBTC.
Cryptollica cites prior touches that kicked off reversals: around $0.095 in 2021, ~$0.045 in 2022, and ~$0.055 in 2024 on his chart. The 2021 move led into DOGE’s major bull run per NewsBTC.
He frames the latest retest as a “perfect bottom” and sees room to the channel top if a reset is done. Potential upside targets sit near $1.6 per Bitcoinist.
Counterview. Analyst Erick Crypto says DOGE just lost a key demand zone near $0.085 as sellers took control on X and in market coverage at NewsBTC.
He flags two paths: a liquidity sweep before recovery, or a deeper correction. Volume is rising; he urges waiting for clear confirmation before calling the bottom per NewsBTC and his post.