DOGE finally shows its fangs! Breaks through key resistance, analysts raise target price

After experiencing several months of DOGE Bear Market trend and volatile market conditions, DOGE has rebounded strongly, successfully breaking through the 0.16 USD resistance level. This seemingly mild rise is showing signs of a potential breakout market in the current market context, attracting the attention of analysts.

🚀 Key Breakthrough and Upward Target

• The $0.16 area has been a stubborn resistance level since spring and has now been initially breached.
• If this price level can successfully turn from resistance to support, and buyers do not exit like usual when the meme heat fades, it will be significant.
• Analyst Ledger Bull posted a chart on platform X, pointing out key upward target levels: 0.20333 USD, 0.22899 USD, and 0.25383 USD.
• Analyst views emphasize: If DOGE price can stabilize above 0.203 dollars and close above it, it may signal the green light for the next wave of pump.

📊 Trading Volume Observation and Trend Line Backtesting

• The trading volume expanded during the breakout, but then receded, and the market is in a wait-and-see state.

• Bulls expect the next round of pump to be accompanied by effective volume expansion, otherwise the rise may be difficult to sustain.

• Analyst Trader Tardigrade observed that DOGE is retesting a long-term descending trendline.

• The trend line has been suppressing the Rebound for the past few weeks, and the current price is in the 0.158 - 0.162 USD support range. pulls back for a test

• If DOGE can form a higher low in this area, and the rise is accompanied by positive trading volume, it may indicate a trend reversal, potentially opening the path to $0.20.

  

🔮 Historical pattern reappearance? 2015-2017 model returning?

• Analyst GalaxyBTC presents an intriguing perspective: the current weekly chart pattern of DOGE may be repeating the fractal pattern of 2015-2017.
• This historical pattern includes three-wave accumulation phase, followed by a significant rise.
• The current chart seems to be at the end of the third wave, approaching a critical point where prices historically explode.
• The key weekly support line has remained solid for months, and recently completed the second touch test.
• Fractal Theory Prediction: If history repeats itself, DOGE may begin a slow climb to 0.25 dollars. If the market frenzy (FOMO) sentiment is fully stimulated, it even has the potential to challenge 1 dollar in the long run.

⚠️ Core Driver: Meme and Momentum

However, it is important to remember the nature of DOGE: its movement is highly dependent on Meme Coin Momentum and market momentum. The key to whether the current potential rise can be sustained lies in whether the bulls can hold their ground and whether the trading volume can continue to gently expand. If both conditions are met, this round of market conditions is expected to evolve into a more substantive DOGE price recovery.