Dogecoin (DOGE) is headed for a technically important decision area after a sharp jump, but many charts read from many respected crypto analysts converge on the same point: the rally only graduates from “self-help” to “reversal” if DOGE is able to clear the mid-$0.15s and set a new local high.
Dogecoin Rallies, But The Real Test Is $0.157
Kevin’s draft (Kev_Capital_TA) specifies what validation looks like. “Dogecoin like BTC and many other Altcoins have come back and successfully tested their key 4HR MA’s after breaking out of them in an attempt to end their major correction phase. A successful test followed by a new local high will be further evidence of the completed correction phase in the area we said we will make. The new high would be a break of .157 cents.”
In Kevin’s 4-hour view, DOGE has spent months trending lower while repeatedly failing in descending moving bands, the chart marking several previous rejections. The recent highs are noteworthy because the price retook those averages and then returned to them, holding the test and rather than rolling straight. That behavior is consistent with the regime trying to turn from “sell-the-rip” to “buy-the-dip,” but the chart makes it clear that the market is still trading under a broad downtrend structure unless it can force a higher high.
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Cantonese Cat’s daily summary captures where that conflict is unfolding in real time. The latest candle closes at $0.1486 after printing $0.1508 on the day, effectively putting the mark in the same area where traders leaned earlier.
He writes: “DOGE is putting in another powerful daily candle that includes the last 5 candles.” Although this is a bullish signal for a short-term fast move, new highs are yet to be achieved by the Dogecoin bulls.
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@BigCheds’ daily panel underscores why the mid-$0.15s matter: DOGE remains below heavy trend lines, with the 34-day EMA at $0.1828 and the 200-day SMA at $0.2212 still very high.
Bollinger bands show DOGE re-emerging from lower end pressure, the lower band around $0.11, the base near $0.135, and the upper band near $0.16. The price first bounced off the lower band, pushed the base and marked the upper band, then moved back to the base, caught a retest, and is now circling back towards the upper envelope.
The setup is clear: holding above the short-term averages found and removing $0.157 will complete the “repeat, then higher” sequence that Kevin watched, while forcing the price through the supply zone every day the Big Cheds are out. A renewed push to the Upper Bollinger Band will add confirmation that momentum is building in the direction it is headed.
A failure to clear that area, followed by a slide back below the retracement MA area, would shift attention to $0.1319 first, then $0.1208, with $0.1068 as the deep line in the sand shown on the chart.
At press time, DOGE traded at $0.14768.
The featured image was created with DALL.E, a chart from TradingView.com
