Dogecoin (DOGE) is drawing attention from traders as it hovers just below a crucial resistance level, with technical signals hinting at a potential upward move. According to recent analysis, reclaiming the $0.17 mark could be the catalyst for a rally toward $0.21, as bullish momentum builds and key indicators align.
Technical Landscape: Support and Resistance in Focus
Dogecoin’s price has been consolidating above a rising trendline that has provided solid support since late 2023, currently sitting between $0.13 and $0.14. This trendline has repeatedly cushioned DOGE during market corrections, reinforcing its role as a foundation for bullish setups. As of now, DOGE is trading near $0.1635, reflecting modest gains over the past week.
The immediate challenge for bulls is the 0.5 Fibonacci retracement level at $0.16537, which acts as the first major resistance. A decisive move above this threshold, especially with increased trading volume, could open the door to higher targets, including the 0.618 Fibonacci level at $0.23117.
Source: x.com/ali_charts↗
TD Sequential Buy Signal: A Bullish Indicator Emerges
A notable development is the appearance of a TD Sequential “9” buy signal on Dogecoin’s 3-day chart. Historically, this technical pattern has signaled the start of short-term bullish reversals, particularly when it forms near significant support zones. The current signal, emerging close to the established trendline, adds weight to the case for a potential rebound.
What’s Next for DOGE?
Market watchers are closely monitoring the $0.165–$0.17 resistance area. If DOGE can break and hold above $0.17, analysts suggest the next leg up could target $0.21, in line with previous Fibonacci projections and historical price action. However, any sustained rally will depend on broader market sentiment and continued buying interest.
For now, Dogecoin’s technical structure remains constructive, with strong support and bullish signals keeping the prospect of further gains alive as we move into the second half of 2025. Traders should keep an eye on price action around the key resistance levels for confirmation of the next trend.
