Dogecoin (DOGE) continues to demonstrate remarkable strength, surging over 78% in just 38 days as multiple technical indicators point to further upside potential. Leading crypto analysts have identified key continuation patterns that suggest the recent pullback may be temporary, with price targets extending into the mid-$0.30s.
In line with the broader crypto market momentum seen in this year’s altcoin season rotation, Dogecoin’s technical structure remains firmly bullish despite recent profit-taking.
Inverse Head and Shoulders Pattern Confirms Bullish Outlook
Renowned crypto analyst Bluntz has identified a textbook inverse head-and-shoulders pattern on the 12-hour timeframe, with key levels mapped as follows:
- Left shoulder: $0.142 (mid-March)
- Head: $0.129 (early April)
- Right shoulder: $0.164 (early May)
- Neckline breakout: $0.20
The pattern’s completion was validated by the highest 12-hour volume since February 2025, indicating strong buyer conviction rather than speculative activity.
Bull Flag Formation Points to $0.329 Target
Supporting this bullish thesis, analyst TSG highlights a descending parallel channel between $0.22-$0.26, forming a classic bull flag pattern. This technical formation projects a precise target of $0.32928, aligning with the broader market’s expectations.
Critical Support Levels to Watch
For the bullish scenario to remain valid, DOGE must maintain support above:
- Primary support: $0.20 (previous neckline)
- Secondary support zone: $0.16-$0.21 (demand block)
- Rising trendline support since April
FAQ: Dogecoin’s Current Rally
What’s driving Dogecoin’s current price action?
The rally is supported by strong technical formations, increased trading volume, and broader market rotation into altcoins during the 2025 bull cycle.
What are the key resistance levels ahead?
Primary resistance sits at $0.26, followed by the projected target zone of $0.32-$0.33.
What could invalidate the bullish outlook?
A four-hour close below $0.20 would signal potential trend reversal, with further support at the $0.16-$0.21 range.
At press time, DOGE trades at $0.228, maintaining position above critical support levels as momentum indicators suggest the recent cooling off period may set the stage for the next leg higher.