If You Miss This Dogecoin Breakthrough, Don't Blame the Market

Dogecoin has spent several weeks under the spotlight of cryptocurrency for all the wrong reasons—plummeting prices, dwindling hype, and little sign of bounce back. But as June comes to a close, something subtle is changing for Dogecoin. The charts are showing early signs of life once again. With solid support and momentum indicators starting to change, is the price of DOGE gearing up for its next big move? Price Prediction for Dogecoin: Is $DOGE Preparing to Bounce Back?

Dogecoin is currently trading around $0.1656, bouncing back after a strong correction over the past few weeks. The Heikin Ashi candles show a transition from red to green, indicating reduced selling pressure and the potential for a trend reversal. The price is fluctuating just above the support level of $0.165, close to the S1 pivot support level shown on the chart. This level has acted as a cushion twice in June, making it an important point to watch for a potential recovery. What Does the RSI Indicator Tell Us? The 14-day Relative Strength Index (RSI) is at 39.42, still below the neutral level of 50 but increasing. This indicates that although the price of DOGE is not in the bullish territory yet, the downward momentum is weakening. A crossover above 40 and then 50 could be an early sign of a bullish recovery. Previously, when the RSI increased from a similar level in mid-April, DOGE surged over 45% in less than two weeks. Let's calculate. The price increase in April from around $0.13 to $0.19 = an increase of $0.06 or an increase of ~46% If a similar upward trend occurs right now from $0.165: 0.165 × 1.46 = price target ~0.24 dollars This implies that $0.24 is the realistic target in the short term if the growth momentum continues. Dogecoin Price Prediction: Where is the Key Resistance Zone? Currently, the chart highlights the multi-layered resistance area between $0.18 and $0.20, marked by horizontal lines near the pivot level. If the price of DOGE surpasses $0.175, it will face the first real challenge at $0.186, followed by $0.198. These are significant areas in history where traders took profits in May. If the bulls reclaim $0.20, the move towards $0.24 could accelerate, according to the breakout pattern of April. What Are the Risks and Disadvantages Here? If the support at $0.165 is broken, the next support will be at $0.147 (S2). A drop below this level could pull the price of Dogecoin down to $0.125 and even to the psychological level of $0.10. However, the upward trajectory of the RSI and the recent green candles indicate that this bearish scenario is losing strength—at least for now. Is Dogecoin a Worthy Buy at This Time? The price of Dogecoin is showing initial signs of stability and trend reversal. The RSI is rising, the flat support zone around $0.165, and the historical breakout setup all indicate the possibility of a bounce back. Traders should closely monitor the breakout level of $0.175 and the RSI crossing above the 50 threshold. If both are confirmed, DOGE could easily test the levels of $0.20–$0.24 in the coming weeks.