Saad Ullah
The meme coin that started as a joke is getting serious attention from traders as technical indicators align for Dogecoin's potential next major rally phase.
DOGE Price Holds Strong Above Critical Support Level
Dogecoin's showing serious strength right now, holding comfortably above that crucial $0.150 support zone. This isn't just any ordinary bounce – traders are watching what could be the setup for DOGE's next big breakout move.
Currently trading at $0.23784, the popular meme coin has delivered a solid +19.66% pump in the latest session, with intraday highs reaching $0.23838. What's catching traders' attention is how cleanly DOGE has been respecting the $0.23–$0.18 accumulation range, where buyers seem to be quietly loading up positions.
Ambitious DOGE Price Targets: $0.50, $1, and $2 in Play
Technical analysts are pointing to an ascending channel pattern that's painting some pretty bullish targets ahead. We're looking at potential moves to $0.50 as the first major milestone, followed by the psychological $1.00 level, and an ambitious $2.00 target that would represent massive gains from current levels.
The #DogeArmy is definitely feeling the energy, with community sentiment hitting bullish notes. For this scenario to play out, DOGE needs to maintain its position above support levels and attract sustained buying momentum. The current price structure mirrors patterns that historically led to explosive moves in crypto markets.
Saad Ullah
