Dogecoin (DOGE) Price: Support at $0.139-$0.17 Crucial for Next Movement

TLDR

• Dogecoin is approaching a critical breakout point with strong support at $0.139-$0.17
• Analyst Kevin indicates that DOGE needs to maintain above $0.139 for bullish momentum
• Carl Moon predicts a potential 157% surge to $0.434 if DOGE breaks above $0.185
• Increased whale accumulation and network activity support a bullish outlook
• Recent price action shows DOGE tested $0.1650 and is attempting recovery toward $0.180

Dogecoin has been moving within a technical pattern that suggests a potential breakout is near. The popular meme cryptocurrency recently reached $0.18 before falling back, testing support levels around $0.165. This price action has caught the attention of several analysts who believe DOGE may be setting up for its next big move.

The cryptocurrency has formed what analysts describe as a falling wedge pattern since its January peak of $0.435. This pattern shows a series of lower highs and lower lows, narrowing toward what could be a major breakout point.

Crypto analyst Kevin highlighted the importance of the $0.139 support level for Dogecoin. He noted that DOGE received a “weekly demand candle” at what he calls the “last line of bull market support.” Maintaining this level is vital for the bullish case to remain intact.

Kevin explained that several technical indicators are resetting. The Weekly Stoch RSI is already fully reset, while the 3-Day MACD is approaching a reset state. The Two-Week Stoch RSI may need about another month to align with the lower region.

Technical Analysis

These technical resets could signal diminishing downward pressure. When such indicators reset from oversold conditions, they often precede price recoveries as selling exhaustion gives way to renewed buying interest.

Another analyst, Carl Moon, predicts a significant upside if DOGE breaks out of its current pattern. According to Moon, if Dogecoin closes above $0.185 on the daily chart, it could confirm a structural breakout.

Once $DOGE breaks out of this falling wedge, it will absolutely fly!

The target is the top at $0,434

Trade #Dogecoin on Bitunix – https://t.co/GzXaATjBF0 and get a free $100 after your first $500 deposit! pic.twitter.com/UVtNCWFswd

— Carl Moon (@TheMoonCarl) March 20, 2025

Following such a breakout, Moon projects a 157% rally. This would take DOGE to approximately $0.434, nearly matching its previous high from earlier this year.

Analyst Whalesdesk identified strong support for Dogecoin between $0.16 and $0.17. This support zone has prevented further downside movement and could serve as a launching pad for higher prices.

Whalesdesk outlined a more ambitious price target, suggesting DOGE could reach a four-year high of $0.60. Before reaching this level, the cryptocurrency would need to overcome resistance areas at $0.30 and $0.45.

On-chain data shows growing whale activity supporting the bullish outlook. Large holders have been accumulating DOGE at current price levels, which historically has preceded major price movements.

The Dogecoin network has seen increased user engagement in recent weeks. Daily active addresses have grown, indicating more people are transacting with DOGE tokens.

Transaction volumes have also increased on the network. Higher transaction activity often reflects growing demand for a cryptocurrency and can support price trends.

Dogecoin developers continue working on network improvements. These upgrades aim to enhance transaction speed and reduce fees, potentially supporting wider adoption and use cases.

The recent price action shows DOGE finding a low at $0.1646 before attempting a recovery. The price has moved above both the $0.1680 level and the 100-hourly simple moving average, suggesting short-term strength.

Dogecoin Price on CoinGecko

A bullish trend line has formed with support at $0.1680 on the hourly chart. If this support holds, it could provide a foundation for further gains toward the $0.1755 and $0.18 resistance levels.

If Dogecoin fails to break above $0.1755, it could face another decline. The next support levels would be $0.172, $0.168, and the critical $0.165 area. A break below $0.165 could send the price toward $0.162 or even $0.155.

The overall market has experienced some fluctuations following Federal Reserve policy decisions. These macroeconomic factors have influenced investor sentiment across digital assets, including Dogecoin.

Kevin tied DOGE’s prospects to Bitcoin’s performance, noting that if Bitcoin holds above $70,000, the outlook for Dogecoin remains positive. This highlights the connection between Bitcoin’s movements and the broader altcoin market.

The post Dogecoin (DOGE) Price: Support at $0.139-$0.17 Crucial for Next Movement appeared first on Blockonomi.