Dogecoin’s New Breakthrough: Predicted Price Increase to $0.25!

Jakarta, Pintu News – Dogecoin (DOGE), a cryptocurrency popular for its memes, is now showing signs of recovery after several months of decline. Technical analysis on the daily candlestick chart shows a significant trend reversal, from bearish to bullish. This change signals the beginning of a new bullish phase for Dogecoin.

Daily Trend Reversal Analysis

A prominent crypto analyst, Trader Tardigrade, recently highlighted a daily trend reversal on the Dogecoin chart. Through a post on X (formerly Twitter), he revealed that Dogecoin has gone from a downtrend to an uptrend. On April 22, Dogecoin managed to break the downward trend line that had dominated its movements over the past few weeks.

After successfully breaking through a descending resistance line, the Dogecoin price experienced a pullback between April 23rd and 24th to test the trend line again, this time from above. The previous resistance line managed to hold as a new support level during this test. The success in this retest gives more confidence that the shift to bullishness is real and not a false signal.

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Bullish Target: $0.25 in Early May

With the daily trend now pointing upwards, the focus turns to how far this uptrend can take the Dogecoin price. According to Tardigrade Trader’s analysis, Dogecoin has the potential to continue rising in the coming days, with the possibility of reaching the $0.25 mark very soon.

If this target is reached, it will be a significant milestone given that Dogecoin has been in a downward trend for over 10 weeks. An increase to $0.25 would mark Dogecoin’s highest price since late February and represent a strong recovery from the recent lows of around $0.14 to $0.15. This move would also represent an increase of approximately 51% from the $0.165 breakout level.

Round Base Formation and Long-Term Targets

In a separate analysis, Tardigrade Traders also highlighted a round bottom formation on Dogecoin’s long-term chart. The included chart shows that in previous cycles, the Dogecoin price formed a round bottom before entering an explosive uptrend.

This repeating pattern, now seen again on the monthly time frame, signals that Dogecoin may be on the verge of another significant breakout. The long-term price target in this case is $2.8. Currently, Dogecoin is trading at $0.18, indicating significant upside potential if the historical patterns repeat.

Conclusion

With strong indications from technical analysis and historical patterns, Dogecoin seems to be gearing up for a bullish phase that may not only recover its previous value but also reach new price levels. Investors and market watchers will continue to monitor this movement with great enthusiasm.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Dogecoin Confirms Daily Trend Reversal with Breakout, Retest, and New Uptrend. Accessed on April 28, 2025
• Featured Image: Generated by AI