DOGE at Pivotal Zone: Bulls Target $0.29 Rally if $0.17 Breaks

Dogecoin bounced off the $0.13 support, aligning with 0.618 Fib, showing strength near the long-term trendline from late 2023.

A weekly close above $0.17 may open the door to targets at $0.21 and $0.29, based on Fibonacci retracement levels.

Technical indicators reflect mixed momentum as DOGE retests trendline resistance; market awaits confirmation of bullish continuation.

Dogecoin (DOGE) is currently at a critical resistance zone following a rebound against deep support. The structure of the cryptocurrency's price indicates a decisive breakout is imminent.

Key Support Levels

Crypto analyst Ali_charts noted that a weekly close above $0.17 might drive DOGE to $0.21 and potentially even $0.29, as long as the $0.13 support held up. This is in line with the price's recent engagement with significant technical levels, providing investors with important zones to watch.

Dogecoin was trading at around $0.1603 at the time of writing, up by a rise of 6.47% in the last seven days. On the larger time frames, DOGE respected a trendline up. A more recent wick to the level of about $0.128 rebounded neatly off of it, which coincides with the 0.618 Fibonacci retracement mark, which makes it a support of added significance.

Technical analysis indicates that the correction of DOGE from its peak in the beginning of 2025 at $0.485 put it in a possible period of consolidation. Fibonacci levels, when plotted using the swing low of $0.056 and the high of $0.485, indicate $0.187 (0.5 level) as a level of resistance. Resistance levels are at $0.217 (0.382 level) and $0.29 (0.236 level).

Indicators Show Mixed Momentum Signals

On the daily chart, DOGE recently fell below the uptrend line and is currently testing it from underneath. Price is struggling at $0.16, near the trendline's base. This is a significant mark, as a retaking of the line might confer legitimacy to the Bulls once more.

The Moving Average Convergence Divergence (MACD) is in a weak bullish crossover at the moment. It is slightly above the signal line, while the histogram is flat. This indicates weak momentum and the possibility of indecision in the market participants.

Source: TradingView

The stochastic, in the zone of overbought, is above levels of 80. Both the %K and the %D are closing in on a bearish convergence, which, if it materializes, might result in a short-term correction, particularly if it doesn't breach the trendline resistance by DOGE.

Major Resistance, Supporting Levels and Future Outlook

DOGE encounters obstacles at the $0.17 and $0.187 levels. Breaking above these levels could set the stage for $0.21 and $0.29, in line with Fibonacci retracement levels. But any breakdown at the current trendline could open the price up to further selling.

The $0.13 zone, recently serving as support, continues to be of the utmost importance. Breaking below it could negate the bullish setup and leave the door open to the next levels of support.

Traders are paying close attention as DOGE finds itself at a technical juncture, waiting on confirmation of either a breakdown or a breakout in the next sessions.

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