Dogecoin has made waves so far in this bull market. Recently Meme coin experienced a significant price accident After registering double -digit winnings and collecting new heights earlier this year. Despite Cryptocurrency decreasing speed, a experienced crypto analyst has marked strategic entrance points and Potential upward targets for Dogge. Analysts also provided a thorough division of Dogecoin’s haus -like development for investors who are considering buying the MEME coin.
Analysts share Dogecoin Bullish Developments and Buy Strategy
In a recent X (former Twitter) post On February 4, Crypto analysts shared a technical analysis of Dogecoin’s price movements And haussearted developments. Analysts revealed that he had entered the market at an early stage of $ 0.09, possibly due to conviction in its potential and for the attractive MEME culture. He claimed it was the best entrance point because he had caught a bottom.
After $ 0.09 post experienced the asset one HausseGrowing 5x and sky rocketing to key resistance of 0.786 Fibonacci level. This key level is usually used to identify potential price reversal zones; In this case, however, it marked the beginning of a “throwback” movement for Dogecoin.
After its sharp 5X rally, Dogecoin’s current price measure has entered a Throwback phase. This means that it is The price is now corrected To test for previous support levels. According to the information from Coinmarketcap, Doge fell by an astonishing 20.1% over the past seven days. This massive price correction marks one of the highest 2025. In addition, Dogecoin’s value fell over 30% over the past month.
Anvärsa presents a price chart and has set the price point of $ 0.26 as a critical area where Dogecoin could find potential support before continuing his upward momentum. Interestingly, this key support level is also in line with Dogecoin’s rising channel Resistance, as the trader predicts a re -tasting can occur.
Answer, who shares a hooked view of the MEME coin, reveals that Doge/BTC is currently testing a breakout from a long-term Falling wedge patterns on the festive frame (htf). This pattern is usually seen as a historically haussey structure, which signals a potential Price turnover to the upside.
Answer has predicted that if this falling wedge outbreak of roosters, a haus effect is expected. New all-time high for Dogecoin. The analyst has set his Dogge ATH target over 1.00 Fibonacci level to $ 0.77. He also noted that Haussearted catalysts like Elon Musk’s tweets about Dogge Has zero power on the MEME coin’s price measure at the current market stage.
Is it now a good time to buy doge?
Based on Anbessa’s analysis, Dogecoin’s latest price action is in line with classic haussearted designs, suggesting its current return to $ 0.26 level may be a Purchasing opportunity. If support holds, the analyst expects Dione to experience another leg up and possibly reach a new ATH.
But the market remains volatile as always, And investors should realize that most predictions are purely speculative. As such, price movements from unstable assets Dogecoin may be unpredictablePowered by hype, social media trends, general and sudden market changes.
Trained Image from Adobe Stock, charts from tradingview.com
