The post Will Dogecoin Price Stabilize Near $0.1750, Aim For New Highs? appeared on BitcoinEthereumNews.com.

Dogecoin (DOGE) price showed renewed strength after rebounding from a recent low of $0.17878. The cryptocurrency formed a rounded bottom pattern on the 4-hour chart, signaling a change in trend direction. Buyers stepped in aggressively near the $0.1750 support level, where the price started consolidating. This zone acted as a base for a possible continuation toward the $0.1850–$0.1920 range. Dogecoin Price Rounded Bottom Formation Signals Recovery After a prolonged decline from a high of $0.24290, Dogecoin price entered a consolidation phase. It established multiple lower highs at $0.20759 and $0.20500, indicating sustained selling pressure. After that, the asset dropped to a new local low near $0.13009. A shift occurred when the price started recovering, first touching $0.16661 and then correcting to $0.15217. From there, a rounded bottom structure began to take shape. This technical pattern is often viewed as a sign of market recovery after heavy bearish activity. As of April 28, 2025, the price broke out of this formation and is now holding above $0.1750, showing potential for further gains. Source: X Traders have identified $0.1750–$0.1780 as a key entry zone. A bounce from this area could lead to short-term targets at $0.1850 and $0.1920. A stop-loss is commonly placed below $0.1710 to manage risk. Dogecoin Price Consolidation Near Support Levels Following the breakout, DOGE entered a range-bound phase between $0.17612 and $0.18300. This price behavior reflected market indecision, where buyers and sellers were currently balanced. Support around $0.1750 was tested multiple times, but it held strong. Meanwhile, resistance at $0.18300 has capped several upward attempts. A break above this level could attract additional buyers and drive a rally toward $0.19000 and beyond. Volume indicators also showed increased interest, with trading activity rising on major exchanges such as Binance. Source: X Dogecoin price saw a 35% increase in 24-hour…

---

Filed under: News - @ May 1, 2025 4:25 am