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Dogecoin is regaining its spark as technical indicators flash signs of renewed bullish momentum. Following a prolonged consolidation and a notable correction to $0.095, the popular meme coin is now showing encouraging signs of recovery. A quiet yet steady breakout in its price structure, supported by an RSI breakout from an inverse head-and-shoulders pattern, points toward strengthening market sentiment.
Dogecoin’s Price Action Aligns With RSI Breakout Targets
Trader Tardigrade, in his recent analysis of Dogecoin’s 4-hour chart posted on X, emphasized that the popular meme coin is maintaining a solid uptrend after a quiet but meaningful breakout. The move reflects growing bullish strength in the market as DOGE continues to trade above key support levels, signaling renewed interest from buyers after a period of consolidation.
He further explained that the RSI indicator is displaying an inverse head and shoulders breakout pattern, a technical signal that often precedes a strong bullish continuation. The development suggests that momentum is building in favor of the bulls, with the RSI likely to climb toward the overbought zone if buying pressure persists.
According to Tardigrade, if the current uptrend remains intact and the price continues to hold above key short-term supports, Dogecoin could advance toward its previous high near $0.21. Breaking above that level would not only validate the bullish structure but also potentially trigger a stronger rally, as it would confirm a shift in market sentiment toward sustained upside momentum.
DOGE Shows Early Signs Of Rebound After Deep Correction
Crypto analyst BitGuru revealed in a recent post on X that Dogecoin (DOGE) is finally showing the early signs of a potential rebound. This follows a prolonged period defined by a lengthy consolidation phase and a deep correction that pushed the price down to the $0.095 level. Such resilience, appearing after such an extended pullback, suggests that the market may finally be ready to stabilize.
The analyst provided a clear technical trigger that would confirm a definitive shift in the short-term market momentum. For the momentum to truly take hold and build into a sustainable rally, the price must successfully sustain above the key $0.20 level. This acts as the necessary floor that buyers must establish and defend.
If DOGE is able to achieve a confirmed hold above $0.20, the technical outlook suggests a clear path higher. Momentum would then be expected to build rapidly toward the next major resistance target, identified as the $0.25 zone, signaling a significant short-term bullish shift for the meme coin.
Featured image from Getty Images, chart from Tradingview.com
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