Analyzing Dogecoin’s Bullish Recovery Potential

Dogecoin, the well-known meme cryptocurrency, is showing promising signs of a bullish resurgence. According to insights shared by renowned crypto analyst BitGuru on the social media platform X, Dogecoin is finding stability following a recent downturn. This newfound support around the $0.155 threshold could potentially set the stage for an upward movement.

Finding Stability: Market Attempts to Regain Momentum

BitGuru’s analysis presents a comprehensive view of Dogecoin’s price dynamics since March 2025, utilizing a 4-hour candlestick chart. Initially, Dogecoin experienced a downtrend from $0.22 at the month’s onset. This was followed by a consolidation phase between $0.16 and $0.17, and subsequently, a significant rally that peaked near $0.21.

Following this rally, Dogecoin’s price retracted to approximately $0.16. The current focus is on whether this correction has established a robust foundation for further growth. Notably, the $0.155 region has emerged as a vital support level, with Dogecoin rebounding from this point multiple times.

The consolidation phase between $0.16 and $0.17 coincides with a previous breakout zone from late 2024, highlighting its technical importance. Furthermore, the retreat to $0.155 marks an area that once served as resistance but has now transitioned into a support level.

Potential Bullish Momentum Toward $0.17

BitGuru emphasizes that the present price action resembles a bullish pullback aimed at establishing support rather than a complete reversal. Should the $0.155 support remain intact, the market may resume its ascent, targeting $0.17 as the initial significant milestone. This target aligns with a minor resistance band formed during the previous downturn, presenting a logical challenge for bullish traders.

The emerging pattern suggests the formation of a rounded retracement curve, often a precursor to further upward momentum if market sentiment remains positive. A breakout beyond $0.17 could pave the way for testing the $0.18 to $0.20 zone before the month’s end. Conversely, failure to maintain traction and a dip below support could unravel the bullish scenario, potentially leading to a bearish outlook.

In the bearish scenario, excessive selling pressure could cause Dogecoin to lose its $0.155 support, resulting in a decline towards $0.13 and $0.11. Such a move would erase Dogecoin’s price gains since October 2024.