Dogecoin is flashing early indicators of a bullish restoration after discovering footing from a current pullback, in response to technical observations shared by crypto dealer BitGuru on social media platform X. The favored meme coin has seen heavy volatility in current weeks, however recent help across the $0.155 degree may set the stage for one more leg up. In accordance with the analyst, the present value construction signifies that Dogecoin could possibly be making ready for a transfer towards $0.17, so long as this help continues to carry.
Help Holds After Pullback As Market Makes an attempt To Regain Momentum
The chart shared by BitGuru encompasses an evaluation of Dogecoin’s value motion since March 2025 on the 4-hour candlestick timeframe. Notably, the chart exhibits the meme coin’s value tracing a well-known sample: an preliminary downtrend from $0.22 at the start of the month, adopted by consolidation between $0.16 and $0.17 in the course of the month, and a pointy rally that topped close to $0.21.
Nevertheless, the worth has since pulled again in direction of $0.16, and now the main focus is on whether or not this correction has fashioned a wholesome base for continuation. The wholesome base is across the $0.155 area, which is proving to be a stable space of help, with Dogecoin managing to bounce off this degree a number of occasions.
This consolidation zone between $0.16 and $0.17 aligns with a earlier breakout space in late 2024, reinforcing its technical significance. Moreover, the pullback in direction of $0.155 is into an space that beforehand acted as resistance, however has successfully been transformed right into a help degree.
Bullish Value Construction May Trigger Push Dogecoin Towards $0.17
BitGuru’s remark facilities on the idea that the worth is present process a bullish pullback to determine a help degree slightly than a full reversal. If the $0.155 help stays intact, the market may resume its climb with $0.17 as the primary main goal. This degree coincides with a minor resistance band that fashioned throughout the earlier leg down and is now the following logical problem for bulls.
The general sample seems to be forming a rounded retracement curve, which regularly precedes one other push upward if market sentiment stays favorable. Apparently, a breakout above $0.17 may open the door to a retest of the $0.18 to $0.20 zone earlier than the top of the month. Nevertheless, if Dogecoin fails to achieve traction and dips again under the help, the bullish state of affairs will unravel, probably main to a different bearish state of affairs.
The bearish state of affairs would probably see Dogecoin lose help at $0.155 if there may be an excessive amount of promoting stress. On this case, the meme coin would possibly open up a free fall in direction of $0.13 and $0.11 within the worst-case state of affairs. Such a transfer would basically wipe out all of Dogecoin’s value good points since October 2024.
Featured picture from Unsplash, chart from Tradingview.com
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