Dogecoin Price Prediction Eyes $1—But Can $0.185 Hold?

DOGE is looking bullish but the next big move will depend on holding the trendline at $0.178 and reclaiming $0.185.

Quick overview

  • DOGE is showing bullish potential, but it must hold the trendline at $0.178 and reclaim $0.185 for a significant move.
  • The 50 EMA at $0.1783 is acting as support, and if it holds, bulls could target $0.189 and $0.1929.
  • A close below $0.178 may lead to a retest of $0.174 or $0.170, risking a deeper correction.
  • Overall sentiment remains bullish, with a potential target of $0.90 in the coming weeks if the trendline is broken.

DOGE is looking bullish but the next big move will depend on holding the trendline at $0.178 and reclaiming $0.185. After completing the ABCD harmonic pattern DOGE is consolidating at $0.181. The 50 EMA at $0.1783 is now acting as support. If this holds bulls can push to $0.189 and $0.1929.

But if it closes below $0.178 it will retest $0.174 or $0.170 risking a deeper correction. For newbies this is a classic “retest-and-breakout” setup—wait for confirmation before entering.

Trade Setup:

  • Buy: Bounce from $0.178 trendline

  • Targets: $0.185, $0.189, $0.1929

  • Stop-loss: Below $0.174

Breakout at $0.185 or Breakdown Below $0.178?

Crypto analyst BitGuru previously mentioned $0.185 as the critical breakout level to unlock the move to $1. With price action now at that exact level the setup is playing out. The retest at $0.178 could be the second chance for bulls—provided volume supports the bounce.

Price Map:

  • Support levels: $0.178, $0.174, $0.170

  • Breakout resistance: $0.185

  • Next bullish targets: $0.189, $0.1929

  • Key support to watch: 50 EMA at $0.1783

Dogecoin Price Chart - Source: Tradingview
Dogecoin Price Chart – Source: Tradingview

Bullish Sentiment Remains Despite Short-Term Dip

Overall picture is still bullish. DOGE gained 4% in 24 hours and 20% in 7 days but declined 5.47% in 30 days. On-chain metrics are mixed, volume dropped 14% to $1.5 billion but the price structure is holding up.Crypto strategist Master Kenobi is still bullish, DOGE could reach $0.90 in 55 days if it breaks above trendline. His mid-June target depends on confirmation from this consolidation zone.

Conclusion: Watch $0.185—Breakout Means Liftoff

DOGE is not out of the woods yet but price action is showing bulls are defending the zone. Above $0.178 and above $0.185 and we could see a push to $0.1929 with longer term targets back in play. A sustained breakout could mean the road to $1 but for now the memecoin’s future is dependent on how it handles this retest.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

Related Articles

Comments

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

HFM

Doo Prime

XM

Best Forex Brokers