DOGE shows early trend reversal | Credit: Hameem Sarwar
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Key Takeaways
DOGE rebounds from $0.14 support, showing early strength.
Momentum indicators signal growing buyer accumulation.
A break above $0.17 could push the price toward $0.20.
Dogecoin (DOGE) is once again showing signs of renewed strength as bullish momentum begins to emerge across key indicators.
In CCN’s recent analysis, we reported how DOGE stabilized near the $0.14 support.
At press time, DOGE has rebounded to $0.15, indicating a steady recovery from its recent lows.
These shifts suggest that the memecoin may be entering the early stages of a structural trend reversal as bulls prepare to challenge higher resistance levels, potentially reaching $0.20.
Will DOGE’s price sustain this momentum?
Dogecoin Recovers
Examining DOGE’s Money Flow Index (MFI) on the 4-hour timeframe reveals a clear bullish structure, signaling rising inflows and strengthening buyer participation.
With the MFI holding above the neutral 50 zone, capital is shifting toward accumulation rather than distribution.
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Similarly, the Relative Strength Index (RSI), which tracks DOGE’s momentum, currently reads 57.19, reflecting growing upward pressure.
The RSI’s sustained climb above its signal line shows that bullish momentum is building. This also indicates buyers are slowly regaining control.
If momentum indicators continue to rise alongside increasing price stability, Dogecoin’s price could be on the verge of moving from consolidation into a more defined bullish structure.
DOGE’s price has broken out of its descending channel and now appears to be mirroring a trend reversal toward its next resistance level.
The memecoin currently trades at $0.15, a threshold that served as a notable accumulation zone over the past week.
On the daily chart, DOGE’s Moving Average Convergence Divergence (MACD) has flipped above the neutral line.
Additionally, the MACD 12-day EMA has crossed over the 26-day EMA, signaling a bullish reversal.
However, the MACD is printing short green histogram bars, indicating rising bullish momentum.
Meanwhile, the Awesome Oscillator (AO) trades in negative territory, although green histogram bars are forming, suggesting bearish pressure is waning.
These mixed signals highlight that while buyers are stepping in, momentum is not yet fully confirmed, and DOGE’s price could experience minor pullbacks before sustaining a clear uptrend.
Drawing from the recent swing low to swing high on Fibonacci retracement levels, Dogecoin’s price appears to be trading toward the $0.236 Fib level at $0.17.
A break above this level could allow bulls to rally the memecoin’s price toward $0.20 at the 0.382 Fib level.
However, if buyers fail to push beyond DOGE’s current threshold, bears might regain control. In that case, the memecoin could decline toward its previous low of $0.13.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
