Dogecoin Price: Will These Technical Trends Push DOGE To $1?
The post Dogecoin Price: Will These Technical Trends Push DOGE To $1? appeared on BitcoinEthereumNews.com.
Dogecoin (DOGE) price may be preparing for a large upward move, according to analysts tracking its recurring price patterns and momentum indicators. Current technical setups suggest DOGE may revisit the $1 level, based on recent RSI positioning, fractal symmetry, and key moving average levels. Dogecoin Price RSI Structure Points To a Historical Pre-Rally Zone Dogecoin price 3-day RSI has returned to the 50 level, which it formerly reached just before its price rose. Analyst Trader Tardigrade pointed out that previous rallies have taken place when DOGE’s RSI was at the mid-range. This pattern occurred several times, spanning many months. Dogecoin Price Chart Source: X Additionally, the RSI chart also showed a “Yellow Zone” where the RSI held close to 50 for some time. DOGE price has bounced back to this level, repeating past patterns. These actions were followed by rallies that sent Dogecoin price up more than 100%. According to the analyst, focusing on this alignment might again bring the $1 target into reach. DOGE Price Fractal Pattern Resembles 2023 Breakout Structure Another key observation is the similarity between DOGE price action and the setup seen in late 2023. During that time, Dogecoin price formed a falling wedge pattern, followed by a brief consolidation phase before surging toward the $0.45–$0.60 range. The present chart showed a nearly identical structure, with a triangle formation and consolidation zone now in place. Dogecoin Price Chart Source: X Notably, this repeating pattern, known in technical analysis as a fractal, is where similar formations reappear under similar conditions. The chart outlined resistance and support dots in nearly identical locations, suggesting that price behavior may follow the earlier trajectory. If this repetition continues, DOGE may be setting up for a sustained move beyond $0.60 soon. Support at $0.185 holds as MA 50 Forms a Breakout Barrier…
Filed under: News - @ June 4, 2025 1:21 pm