The post Top Analyst Shares Dogecoin Road to $10, Calls Holders ‘Absolute Legends’ appeared on BitcoinEthereumNews.com.

A recent Dogecoin chart by analyst “Steph is Crypto” highlights that DOGE continues to hold a rising trendline, with the latest bounce indicating renewed bullish momentum. Dogecoin’s recent price action reflects resilience despite a brief bearish dip. After dropping from a high of $0.19 to a low of $0.16 earlier this week, the coin swiftly rebounded to around $0.185, signaling renewed buying interest at lower levels. Analysts have since identified multiple structural price levels that continue to guide Dogecoin’s trajectory across various timeframes. Dogecoin Road to $10 For instance, a chart from Steph highlighted a significant long-term rising support line, labeled the “Legendary trend-line.”  This trendline connects three major price lows over several years. It started in early 2020 above $0.001, followed by a touchpoint above $0.06 in 2024, and most recently at approximately $0.13 in 2025. At each of these levels, the price bounced, suggesting consistent defense of this trendline. The support level around $0.13 marked the most recent contact with the trendline, which preceded the latest price recovery. Notably, Dogecoin has not breached this line during any of the recent market cycles. According to the same chart, the formation indicates the potential for a long-term rally, with a speculative price target of $10. This would represent a 5,440% increase from the current price level. According to Step, those still holding DOGE are “absolute legend.” #DOGECOIN road to $10! If you’re still holding $Doge, you’re an absolute legend. pic.twitter.com/ZppO6UTzSK — STEPH IS CRYPTO (@Steph_iscrypto) May 1, 2025 A More Conservative Outlook On a separate note, chart data from Trader Tardigrade focuses on daily timeframe signals, predicting a more conservative outlook. His analysis identifies a recurring pattern where Dogecoin bounces off an ascending trendline, forming higher lows each time. These price structures are often preceded by fake reversals ahead of…

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Filed under: News - @ May 2, 2025 7:19 pm