Dogecoin Price Confirms Final Retest with Key Levels Identified

Crypto analyst Basic Trading indicates that Dogecoin is confirming a final retest before a potential bullish breakout. Key price levels to monitor include:

  • $0.2
  • $0.5
  • $5

The analyst notes that Dogecoin is in an upward trend despite recent corrections, following a 50% decline from its previous all-time high. This retest could lead to a parabolic rally.

Dogecoin Chart

Basic Trading anticipates significant buy pressure for DOGE, aiming for a local high of $0.5 and potentially reaching $5 based on historical performance:

  • 8,000% gain in the 2017 bull cycle
  • 50,000% gain in the 2021 bull cycle

Analyst Ali Martinez suggests a $3 target if key support between $0.19 and $0.16 holds. Trader Tardigrade also predicts potential surges, estimating DOGE could reach $1.7 by mirroring past cycles.

Currently, the price of Dogecoin stands at approximately $0.25, reflecting a decline over the last 24 hours.

Dogecoin Price