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The Dogecoin price has officially broken free from its multi-month downtrend, with bulls now eyeing a major price surge to new all-time highs. Technical indicators and Dogecoin’s current price action are flashing bullish, supporting this optimistic outlook.
Dogecoin Price Targets $1 ATH
In a decisive move, DOGE has surged past a key descending trendline that has kept its price action suppressed since its last rally around February 2025. According to Chris, a crypto analyst on X (formerly Twitter), the breakout occurred as Dogecoin pushed through the Ichimoku Cloud on the daily chart, signaling strong bullish signals that suggest a potential shift in bearish positions.
The analyst’s chart highlights Fibonacci Extension targets ranging between $0.69068 (1.618 Fib) and $0.82324 (2.0 Fib), situated within the green box in the presented chart. These levels are now in focus as the Dogecoin price consolidates above the $0.22 mark.
Source: Chris on XChris has set his sights on even higher targets for Dogecoin, calling for a $1 price surge by the end of summer. The analyst has identified this target as a key psychological level, predicting that Dogecoin could see a massive 355% increase from its current market price to reach this highly coveted level and set new all-time highs.
As long as DOGE holds above the key support zone near $0.20 highlighted in green on the chart, bulls appear to be in control. Failure to hold this key support area could lead to further losses in the DOGE price. The analyst has highlighted a potential breakdown to $0.194, marking a 13.6% decline from current price levels.
DOGE Bulls Awaken As Price Clears Resistance
Sharing a similar positive outlook for Dogecoin, MMBTrader, a crypto analyst on TradingView, has highlighted renewed bullish momentum as the price breaks through critical resistance levels. This breakout has sparked optimism amongst bulls, who are now setting their sights on new ATHs.
The analyst explained that Dogecoin’s price has successfully broken through a major resistance level, where the price previously struggled to move higher. Now, the $0.205 resistance level has flipped into a support zone, potentially preventing the meme coin’s price from falling too far if it dips.
MMBTrader shared a technical chart analysis, emphasizing the importance of the $0.405 resistance. Should the price manage to breach this key level, the TradingView analyst believes that the market would turn “extremely bullish,” paving the way toward long-term targets of $0.755 and $1.00.
However, the DOGE price could also experience a pullback. The analyst has urged traders to monitor price action closely around the $0.205 and $0.18 support zones. Failure to hold these support areas could dampen the current bullish narrative and possibly lead to a larger decline in the Dogecoin price.
Featured image from Pixabay, chart from Tradingview.com
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