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 anxious, Dogecoin nonetheless tracks what they check with as a “Legendary trend-line” that extends between three vital worth lows over a number of years.
That help line began above $0.001 in early 2020, was once more breached above $0.059 in 2024, and most lately broke beneath to seek out help round $0.14 in 2025. Every time the worth 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!
When you’re nonetheless holding $Doge, you’re an absolute legend. pic.twitter.com/ZppO6UTzSK
— STEPH IS CRYPTO (@Steph_iscrypto) May 1, 2025
Day by day Charts Show Extra Conservative View
Different analysts present a much less aggressive prediction utilizing day by day chart tendencies: Dogecoin tends to rebound from a rising trendline, making a sequence of upper lows. Their findings point out these rebounds are likely to comply with false reversals that happen earlier than vital breakout actions.
Earlier Resistance Ranges Turn into New Help
Taking longer durations, one other development will be noticed within the worth motion of Dogecoin. As per evaluation over three-day charts, earlier excessive values are seen to be performing as help ranges subsequently.
This got here to cross when DOGE broke above $0.097 resistance late in 2023, then retreated to check that very same stage as help early in 2024. The identical factor occurred with the July 2024 excessive of $0.146, which grew to become a help stage in April 2025.
Future Worth Targets Primarily based On Historic Patterns
The February peak of $0.29 in 2025 is one more reference level that preceded the latest worth fall. Whereas technical analysts had examined the $0.145 help level in April, they now take a look at $0.23 as the following stage to look at as a resistance level.
In case these tendencies stay constant, some consultants 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 varied market cycles is a main indicator that the majority merchants are monitoring to evaluate the energy of DOGE’s present place.
Featured picture from Unsplash, chart from TradingView
