Dogecoin Recovery In Sight? Key Metrics Predict A Strong Bounce
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After months of struggling with party momentum, Dogecoin (Doge) could see a huge price reversal. Monitoring the action of the meme coin, analysts believe it has reached a turning point, which could trigger a quick comeback.
The question at hand is whether Dog It is possible to seize this opportunity and stand out from its decline, as the main indicators of bullish signals are currently being shown.
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Signs at the bottom of the analyst
Some analysts believe that domycin has reached its lowest price, which could lead to a rebound. Trader Tardigrade, a well-known crypto analyst, observed that Doge has been following long-term pricing channels.
The overall pattern shows that although it temporarily moves outside the channel’s boundary, the bottom may have been formed.
#DogeCoin Since its establishment, we have been paying attention to this macro channel
The edge of the channel was biased.
if $ DOGE This time it stays in the channel without deviation, it has reached the bottom 🚀 pic.twitter.com/fzddw4hdqe– Trader Tardigrade (@Tatrader_Alan) March 13, 2025
Other analysts pointed out that the TD sequential indicator used to predict trend reversals has sent a buy signal on Dogecoin’s daily chart. Historically, this sign has been linked to price increases, suggesting that Doge may enter an uptrend.
The key level of attention
Support and resistance levels are crucial to determining Dogecoin’s next move. Currently, the $0.16 level shows signs that support will show support. Market observers believe that if the meme coin can maintain a solid foundation at this level, it can raise enough steam to rise toward higher price targets.
Under ideal conditions, some forecasts suggest that Dogecoin could reach $2.74. This will represent a significant increase compared to the current state. However, before this happens, the Governor needs to exceed many resistance zones, including $0.30 and 0.50 points.
The rise in market activities encourages optimism
Another element that provides a good improvement for Dogecoin is the promotion of market activities by Meme Crypto. For example, in the 24-hour range, the number of active wallets on the network increased by 270%, totaling 264,000. Typically, the increase in the sector indicates a rising enthusiasm among consumers and investors.
At the same time, important investors are called “whale,” Mano has been acquired at an accelerated pace. Whales have accumulated 1.7 billion thresholds in their accounts over the past 72 hours. This level of accumulation suggests that important stakeholders value Dogecoin at current prices.
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Dogecoin Outlook
Despite the promising signs, Dogecoin still faces uncertainty. Market sentiment, broader crypto trends and potential regulatory actions such as Securities and Exchange Commission approval Dogecoin etf– All should affect their price trajectory.
Featured images by Gemini Imagen, charts by TradingView
