Dogecoin Pullback at $0.2496 Could Lead to $0.27 Resistance Breakout

According to BitGuru, if bullish momentum returns, the price could see a potential upside of 18.19% toward the $0.26 mark. A pullback often occurs after a significant price surge, allowing the market to stabilize before deciding its next direction.

As per BitGuru, Dogecoin bulls are watching closely, and if the current support holds, they expect an 18% upside.

Technical Indicators Show Bullish Possibility

Meanwhile, based on technical analyst Ali, Dogecoin is targeting $0.27 on this pattern. A breakout from this formation could propel Dogecoin to the following resistance levels.

Several technical patterns suggest that Dogecoin might be on the verge of a breakout. The formation of a bullish flag on the hourly chart points to a possible continuation of the uptrend if it breaks above the resistance level.

Dogecoin’s ability to recover above the $0.20 support and approach the $0.26 area has raised speculation about its upcoming price action. As traders monitor these technical signals, Dogecoin’s movement will largely depend on whether the bullish sentiment continues.

Market Activity and Sentiment

Crypto analyst CryptoKaleo has projected substantial growth for Dogecoin ($DOGE), calling it the “Bitcoin of memecoins”. Based on his analysis and historical trends linked to Bitcoin halvings, Kaleo predicts a potential 2,777.92% increase in Dogecoin’s price. 

This surge could push Dogecoin to approximately $6.94 per DOGE, resulting in a market capitalization close to $1 trillion. The chart also shows past surges following Bitcoin halvings, reinforcing his bullish outlook for Dogecoin’s future.

As of now, Dogecoin is trading at $0.2239, showing a strong attempt at recovery from the support zone around $0.20, up 11.25% in the past 24 hours. The market is stabilizing and preparing for the next significant move.