Dogecoin Price Set For Massive Rebound After Indicators Call The Bottom
Highlights
- Dogecoin may see its price spike to new highs after a long stretch of dour performance.
- On-chain analysts say DOGE has reached its bottom, setting the stage for bigger rallies.
- DOGE exchanges at $0.1647 after a 5% decline over the last day.
After months in decline, Dogecoin price could be leaving the bears in the dust as it has its eyes peeled on a fresh rally. Analysts are calling the bottom for the dog-themed coin amid chatter for an ETF approval by the SEC.
Dogecoin Price Eyes Fresh Rally As Bottom Is Spotted
On-chain analysts say Dogecoin (DOGE) is poised for a massive upward price movement on the back of several positive technicals. According to pseudonymous Trader Tardigrade, Dogecoin is sticking to a macro channel that is indicative of the bottom for the memecoin.
The analyst disclosed that while Dogecoin has deviated at the channel’s edge, recent price action predicted movement in the channel. With the bottom confirmed, the analyst says the only direction for Dogecoin price is a surge upwards.
“If DOGE remains within the channel without deviation this time, it has already reached the bottom,” said Trader Tardigrade.
Onchain analyst Ali Martinez shared sentiments similar to Trader Tardigrade’s projection, which predicted a strong resurgence. Already early signs of a resurgence are clear with Dogecoin rebounding from a key support level as traders eye $3.
“Something big could be brewing for Dogecoin,” said Martinez. “A strong rebound may be right around the corner.”
A Plethora Of Bullishness For DOGE
A raft of experts are pointing to a breakout target of $0.6533 as confirmation of a 318% upswing for Dogecoin price. Analysts are pointing to higher lows on Dogecoin’s charts with Elliot Wave Theory indicating that prices are in a bullish wave.
Outside of technicals, on-chain data confirms a 270% surge in active addresses, pointing to increasing ecosystem activity. Experts say rising whale accumulation in the ecosystem is a potential pointer for an impending Dogecoin price rally.
For fundamentals, an approval for a Dogecoin ETF by the SEC could send prices soaring by triple-digit percentages. At the moment, the memecoin is trading at $0.1647 while daily trading volumes sit at a decent $1.44 billion.
- Bloomberg Analyst Says XRP ETF Approval Odds Now 100% as Expert Eyes $33 Rally
- Hester Peirce Says US SEC Willing to Foster DePIN and RWA Tokenization Projects
- SEC Chair Paul Atkins Says Crypto Is Top Priority At SEC CFTC Roundtable
- Legal Expert Breaks Down XRP’s Appeal as Ripple SWIFT Debate Heats Up
- Crypto Stakeholders Push Back as Banks Seek Yield Ban Provision in CLARITY Act
- Dogecoin Price Prediction – Chart Set-Up Highlights Perfect Buying Opportunity With Outflows Backing $0.45
- Bitcoin Price Set to Rebound Ahead of US Government Shutdown, NFP Data
- XRP Price Prediction: How XRP Could React After October 2025 SEC ETF Decisions
- Aster Price Prediction as US President Adds $110M Worth of Tokens to His Portfolio
- Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity
- Solana Price Set for Recovery Amid Wyckoff Accumulation and Canary Capital ETF Filing
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
