Can Dogecoin Price Hit $0.5? Here’s Key Levels to Watch
The post Can Dogecoin Price Hit $0.5? Here’s Key Levels to Watch appeared on BitcoinEthereumNews.com.
Key Insights: Dogecoin price stayed near support at press time despite a small decline. Analysts identified a rounding bottom and triangle pattern on the daily chart. The REX Osprey ETF filing signaled possible institutional access to DOGE. Dogecoin price was near support at press time after a minor daily decline. Analysts monitored technical patterns and regulatory developments that could shape the token’s outlook in 2025. Dogecoin Price Shows a Rounding Bottom and Triangle Analyst CryptoElites said the DOGE chart formed a rounding bottom pattern. This formation often suggested long accumulation periods followed by potential strength. Buyers had repeatedly entered to hold the token near its base. The daily Dogecoin price chart also displayed a symmetrical triangle. A triangle formed when the DOGE price compressed between support and resistance levels. This usually pointed to reduced volatility before a breakout. The $0.236 Fibonacci retracement, near $0.22 at press time, acted as a key level for the meme coin. Traders tracked this point for a possible signal of direction. Meanwhile, the upside targets for Dogecoin lies at $0.27, $0.31, and $0.38. In other words, the meme coin must successfully breach through $0.27 to continue its upward run ahead. In addition, the market experts also noted that a stronger breakout could extend the DOGE price to $0.54. However, on the downside, support around $0.18 had held through recent retracements. So, if the crypto fails to hold the $0.2 support, it can retrace to $0.18 and then to $0.15. Market participants said holding above this zone created a base for potential gains. The setup was consistent with bullish technical forecasts for DOGE moving into 2025. Dogecoin Price Analysis | Source: CryptoElites, X REX Osprey ETF Added Regulatory Focus The REX Osprey Dogecoin ETF filing with the US Securities and Exchange Commission was viewed as a…
Filed under: News - @ September 6, 2025 5:31 pm