DOGE Price Needs to Solidify Key Support to Resume

DOGE Price Needs to Solidify Key Support to Resume Uptrend

After breaking out of the long-term downtrend, the DOGE chart is now showing a double bottom pattern – a technical signal that reinforces the bullish outlook. The next upside target is expected to be around $0.478, or about 90% above the current price.

CipherX analyst is optimistic that DOGE still has much more rally potential. He highlighted the strong support in the fair gap value (FGV) zone around $0.20-$0.22.

“After sweeping the bottom FVG, DOGE price managed to reclaim support and is now starting to move up aggressively,” CipherX said in a post on X, referring to the FVG formed during DOGE’s vertical spike last week.