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Dogecoin’s price rebounded to $0.186 after declining from $0.185 to $0.15 earlier in the week. The rebound is evidence of buyers coming in on lower prices, a sign some market observers view as continued strength for the meme cryptocurrency.
Analysts Monitor Long-Term Pattern Formation
As far as analyst Steph is Crypto is concerned, Dogecoin still tracks what they refer to as a “Legendary trend-line” that extends between three significant price lows over several years.
That support line started above $0.001 in early 2020, was again breached above $0.059 in 2024, and most recently broke below to find support around $0.14 in 2025. Each time the price struck this line, it has recoiled higher.
Those who remain long on DOGE are “absolute legend,” Steph noted in their review, which gives a long-term price target of $10. That would be over 5,000% gain from present levels.
#DOGECOIN road to $10!
If you’re still holding $Doge, you’re an absolute legend. pic.twitter.com/ZppO6UTzSK
— STEPH IS CRYPTO (@Steph_iscrypto) May 1, 2025
Daily Charts Display More Conservative View
Other analysts provide a less aggressive prediction using daily chart trends: Dogecoin tends to rebound from a rising trendline, making a sequence of higher lows. Their findings indicate these rebounds tend to follow false reversals that occur before significant breakout movements.
Previous Resistance Levels Become New Support
Taking longer periods, another trend can be observed in the price movement of Dogecoin. As per analysis over three-day charts, earlier high values are seen to be acting as support levels subsequently.
This came to pass when DOGE broke above $0.097 resistance late in 2023, then retreated to test that same level as support early in 2024. The same thing occurred with the July 2024 high of $0.146, which became a support level in April 2025.
Future Price Targets Based On Historical Patterns
The February peak of $0.29 in 2025 is yet another reference point that preceded the recent price fall. While technical analysts had tested the $0.145 support point in April, they now look at $0.23 as the next level to watch as a resistance point.
In case these trends remain consistent, some experts are of the opinion that Dogecoin might hit $0.80, which would be more than its all-time high of $0.73.
Although these predictions are largely based on technical chart patterns and not fundamental considerations, the predictability of Dogecoin’s price structure has drawn the interest of some cryptocurrency market observers.
The ascending trendline that has stood even during various market cycles is a primary indicator that most traders are monitoring to assess the strength of DOGE’s current position.
Featured image from Unsplash, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
