Analysts Highlight Key Bullish Signals for Dogecoin: Technical Patterns Suggest Potential Surge Towards $1

Published: 2025-06-09 18:14:59 |

Dogecoin (DOGE) has received renewed bullish forecasts from two prominent crypto analysts, Maelius and KJThaLibra, who point to a combination of technical patterns suggesting a major price reversal and potential rally. Maelius cites Elliott Wave nesting and strong weekly support between $0.12-$0.17, with the 50-week EMA at $0.205 acting as a key breakout level. He sees a possible rapid move towards $1.10 and even $1.50-$1.80 if bullish momentum continues, but warns that a drop below $0.14 would invalidate this outlook. KJThaLibra builds on this by identifying four immediate bullish signals: a bullish divergence in the RSI while the DOGE price makes lower lows, oversold RSI levels suggesting seller exhaustion, a new pattern of higher daily lows, and DOGE’s proximity to a major descending resistance trendline. If DOGE breaks this trendline with volume and confirms support, a rally toward $0.40 could occur—representing a 120% gain from current prices near $0.18. Both analyses stress the importance of technical confirmation and support retests for traders, presenting Dogecoin as a strong buy opportunity amid meme coin momentum. However, traders should remain aware of the risks if critical supports fail.

Bullish

Both summaries highlight strong technical indicators for Dogecoin, including bullish RSI divergence, oversold levels, higher lows, and proximity to critical resistance levels. The presence of Elliott Wave patterns, key EMAs, and breakout potential above a major trendline suggest a robust probability for an upward price movement. If these technical breakouts are confirmed by volume and retests, significant gains toward $0.40 and even $1+ are projected. Such signals typically drive increased trader interest and buying, especially within the meme coin sector. However, downside risks remain if support zones fail. Overall, the immediate technical setup and momentum warrant a short- to medium-term bullish outlook for DOGE.