Dogecoin Shows Bullish Divergence as Analyst Sets Price Targets

Dogecoin's momentum improved following macroeconomic news, particularly President Trump's announcement of a 90-day tariff pause for 75 countries and increased tariffs on China. This development contributed to a rise in Bitcoin above $80,000 and boosted several altcoins, including Dogecoin.

Bullish Momentum For Dogecoin

  • Dogecoin rallied approximately 13% post-announcement, confirming bullish divergence signals noted earlier.
  • Key support level at $0.139 is crucial for maintaining upward momentum.
  • Technical indicators are approaching reset points, suggesting potential for further gains.

DOGE Price Targets

  • Fibonacci retracement levels indicate potential targets:
    • $0.09038 (0.236)
    • $0.13827 (0.382)
    • $0.19039 (0.5)
    • $0.26216 (0.618)
    • $0.28529 (0.65)
    • $0.3310 (0.70)
    • $0.41339 (0.786)
    • $0.54210 (0.88)
    • $0.73839 (1.0)
    • $0.93377 (1.0866)
    • $1.54348 (1.272)
    • $2.26813 (1.414)
  • Analyst suggests bullish outlook as long as Bitcoin remains above $70,000.
  • Current DOGE price stands at $0.15751.

The next few days will determine if Dogecoin can sustain its recent gains amid changing market conditions.