Dogecoin’s worth rebounded to $0.186 after declining from $0.185 to $0.15 earlier within the week. The rebound is proof of consumers coming in on decrease costs, an indication some market observers view as continued energy for the meme cryptocurrency.
Analysts Monitor Lengthy-Time period Sample Formation
So far as analyst Steph is Crypto is worried, Dogecoin nonetheless tracks what they consult with as a “Legendary trend-line” that extends between three vital worth lows over a number of years.
That assist line began above $0.001 in early 2020, was once more breached above $0.059 in 2024, and most lately broke under to seek out assist round $0.14 in 2025. Every time the value struck this line, it has recoiled larger.
Those that stay lengthy on DOGE are “absolute legend,” Steph famous of their evaluation, which supplies a long-term worth goal of $10. That may be over 5,000% acquire from current ranges.
#DOGECOIN street to $10!
In case you’re nonetheless holding $Doge, you’re an absolute legend. pic.twitter.com/ZppO6UTzSK
— STEPH IS CRYPTO (@Steph_iscrypto) May 1, 2025
Every day Charts Show Extra Conservative View
Different analysts present a much less aggressive prediction utilizing each day chart developments: Dogecoin tends to rebound from a rising trendline, making a sequence of upper lows. Their findings point out these rebounds are inclined to comply with false reversals that happen earlier than vital breakout actions.
Earlier Resistance Ranges Turn out to be New Assist
Taking longer intervals, one other pattern could be noticed within the worth motion of Dogecoin. As per evaluation over three-day charts, earlier excessive values are seen to be performing as assist ranges subsequently.
This got here to go when DOGE broke above $0.097 resistance late in 2023, then retreated to check that very same degree as assist early in 2024. The identical factor occurred with the July 2024 excessive of $0.146, which grew to become a assist degree in April 2025.
Future Worth Targets Based mostly On Historic Patterns
The February peak of $0.29 in 2025 is one more reference level that preceded the current worth fall. Whereas technical analysts had examined the $0.145 assist level in April, they now have a look at $0.23 as the subsequent degree to look at as a resistance level.
In case these developments stay constant, some specialists are of the opinion that Dogecoin may hit $0.80, which might be greater than its all-time excessive of $0.73.
Though these predictions are largely based mostly on technical chart patterns and never basic concerns, the predictability of Dogecoin’s worth construction has drawn the curiosity of some cryptocurrency market observers.
The ascending trendline that has stood even throughout numerous market cycles is a major indicator that almost all merchants are monitoring to evaluate the energy of DOGE’s present place.
Featured picture from Unsplash, chart from TradingView