May 1, 2025
6 0
Dogecoin Price Set for Breakout Above $0.17 with Key Targets
Crypto analyst Dogecoin price may break out due to significant accumulation by whales. Key insights include:
Price Targets and Predictions
- Breakout expected above $0.1790.
- Potential targets: $0.1840 and $0.1920.
- Current market shows a neutral-bullish structure after breaking the Previous Day Low.
The Relative Strength Index indicates hidden bullish divergence, suggesting underlying strength. Accumulation has been concentrated between $0.15 and $0.16, reinforcing bullish sentiment.
Strong support is identified at $0.1760, which aligns with previous accumulation phases. Attention is also on the psychological level of $0.20, where closing above could signal a potential rally towards all-time highs.
Analyst Insights
- Trader Tardigrade predicts an imminent breakout, noting DOGE's movement through various ranges.
- DOGE forming a diamond pattern above the trendline around $0.15 suggests ongoing positive momentum.
As of now, Dogecoin is trading at approximately $0.17, down over 2% in the last 24 hours.
