Dogecoin (DOGE), the meme-inspired cryptocurrency that has often defied market expectations, is once again capturing traders’ attention with its recent price behavior.
After a prolonged period of sideways movement, DOGE has shown signs of life — but the coming weeks could determine whether this momentum is sustainable.
Recent Price Action: A Strong Move After Consolidation
According to analyst Altcoin Sherpa, DOGE spent roughly two months in a choppy consolidation phase before making a strong upward move.
This recent rally has sparked speculation about whether the coin is gearing up for a larger trend reversal — or simply setting up for another pullback.
Unlike previous consolidation periods, particularly those seen in late 2024, Sherpa notes that current macroeconomic and political factors — such as the U.S. election cycle — make direct comparisons less reliable. This adds a layer of complexity to forecasting DOGE’s next move.
Key Levels and Price Scenarios
The central question now is whether Dogecoin can establish a higher low, which would be a bullish sign pointing toward continued gains. If it holds its current support level, Sherpa suggests a potential price target around $0.30.
However, if this newly formed floor fails to hold, DOGE could drop back toward the $0.15–$0.16 range, effectively retracing its recent gains.
A Critical Moment Ahead
The coming weeks are expected to be crucial in determining the next major direction for DOGE. Traders and investors alike will be watching to see if this rally turns into a broader trend — or if Dogecoin slips back into its familiar pattern of volatility and decline.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/dogecoin-at-a-pivotal-point-will-the-rally-hold-or-fade/