Dogecoin (DOGE) is showing early signs of a bullish comeback as technical indicators point to a potential rebound, sparking renewed interest among traders and crypto enthusiasts worldwide.
After a volatile October, DOGE has stabilized near its critical $0.189 support level, forming a higher low and signaling that the worst of the recent sell-off might be over. Analysts suggest that this could pave the way for a short-term rally and a potential move toward prior highs around $0.48.
From Crash to Recovery: Dogecoin Stabilizes
After a sharp sell-off earlier this month, Dogecoin has begun forming what analysts call a “higher low,” indicating that the worst of the recent downturn may be over. The $0.189 support level has held firm, offering a potential floor for the cryptocurrency.
DOGE/3‑day – Dogecoin is currently forming a potential double bottom on its 3‑day chart, suggesting that a trend reversal may be on the horizon. Source: Trader Tardigrade via X
Trader Tardigrade, a well-known crypto chartist, highlighted on October 30 that “Dogecoin’s 3-day chart shows a developing double bottom near $0.17, signaling a possible reversal toward $0.48.” The pattern is considered one of the classic bullish reversal setups in technical analysis.
DOGE/USD currently trades around $0.193, closely aligned with the recent support test, suggesting buyers are gradually stepping back in and reestablishing control.
Hidden Bullish Divergence Signals Strength
Technical indicators point to underlying strength. On the 4-hour chart, a hidden bullish divergence has appeared on the Relative Strength Index (RSI), a signal that price could continue upward despite short-term pullbacks. In addition, a bullish stochastic RSI cross in the oversold zone has emerged, further hinting at potential upward momentum.
DOGE/4‑hour shows hidden RSI bullish divergence and a stochastic RSI crossover, signaling potential upward momentum. Source: Trader Tardigrade via X
According to the analysis, “When these technical signals align, Dogecoin has historically seen short-term rallies ranging from 8–12%,” reinforcing optimism among traders.
Market Context and Outlook
Dogecoin’s stabilization mirrors broader improvements in the crypto market. Bitcoin has held strong recently, while many altcoins, including DOGE, are showing early signs of accumulation. The recent price compression, characterized by smaller daily candles and reduced volatility, often precedes significant moves in either direction.
As the market eyes a potential breakout, traders are asking, “Will Dogecoin reach $1?” While reaching that milestone may be a long-term proposition, the immediate outlook is cautiously bullish, with a clear path toward $0.48 if the current technical patterns hold.
Analyst Perspective
Trader Tardigrade emphasizes that Dogecoin’s double bottom formation is not yet complete, but the setup provides a compelling scenario for a rebound. If the price sustains above $0.189 and crosses above $0.205, DOGE can initiate a short-term trend in the higher direction, which can turn into an extended-term positive trend.
Meanwhile, the overall market sentiment remains positive. As investors observe the price action of Dogecoin, momentum indicators show that buying pressure is quietly returning, setting up for a potential rally in the next couple of weeks.
Final Thoughts
Dogecoin’s technical setup, supported by the $0.189 floor and bullish chart signals, points to a possible rebound toward $0.48. While short-term risks remain, early signs of recovery and the emerging double bottom pattern suggest that DOGE could see renewed interest from traders and investors alike.
Dogecoin was trading at around $0.19, up 0.35% in the last 24 hours at press time. Source: Brave New Coin
With momentum indicators turning positive and market conditions improving, Dogecoin is shaping up for a cautious but promising upswing—making it one of the more closely watched altcoins in late 2025.