Overview
- DOGE has rallied roughly 20% over the past week to trade around $0.24–$0.25 on volume gains exceeding 20% and futures open interest near $3.4 billion.
- Technical patterns including inverse head-and-shoulders, cup-and-handle formations and an Elliott Wave count suggest a decisive move above $0.25 could trigger a broader upswing.
- Analysts point to repeated rejections at $0.29 and identify $0.35 as a pivotal barrier whose breach could pave the way for targets in the $0.30–$0.36 range.
- Momentum indicators such as a positive MACD crossover and a 50/200-day golden cross support bullish conviction while RSI and accumulation metrics show rising buying pressure.
- Potential structural catalysts include pending Dogecoin ETFs and corporate treasury purchases, though failure to hold support near $0.23 could send DOGE back toward $0.20.