Dogecoin’s price rebounded to $0.186 after declining from $0.185 to $0.15 earlier in the week. The rebound is evidence of buyers coming in on lower prices, a sign some market observers view as continued strength for the meme cryptocurrency. Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development Analysts Monitor Long-Term Pattern Formation As far as analyst Steph is Crypto is concerned, Dogecoin still tracks what they refer to as a “Legendary trend-line” that extends between three significant price lows over several years. That support line started above $0.001 in early 2020, was again breached above $0.059 in 2024, and most recently broke below to find support around $0.14 in 2025. Each time the price struck this line, it has recoiled higher. Those who remain long on DOGE are “absolute legend,” Steph noted in their review, which gives a long-term price target of $10. That would be over 5,000% gain from present levels. #DOGECOIN road to $10! If you’re still holding $Doge, you’re an absolute legend. pic.twitter.com/ZppO6UTzSK — STEPH IS CRYPTO (@Steph_iscrypto) May 1, 2025 Daily Charts Display More Conservative View Other analysts provide a less aggressive prediction using daily chart trends: Dogecoin tends to rebound from a rising trendline, making a sequence of higher lows. Their findings indicate these rebounds tend to follow false reversals that occur before significant breakout movements. Previous Resistance Levels Become New Support Taking longer periods, another trend can be observed in the price movement of Dogecoin. As per analysis over three-day charts, earlier high values are seen to be acting as support levels subsequently. This came to pass when DOGE broke above $0.097 resistance late in 2023, then retreated to test that same level as support early in 2024. The same thing occurred with the July 2024 high of $0.146, which became a support level in April 2025. Related Reading: Strategy’s $84 Billion Bitcoin Appetite: Michael Saylor Goes All In (Again) Future Price Targets Based On Historical Patterns The February peak of $0.29 in 2025 is yet another reference point that preceded the recent price fall. While technical analysts had tested the $0.145 support point in April, they now look at $0.23 as the next level to watch as a resistance point. In case these trends remain consistent, some experts are of the opinion that Dogecoin might hit $0.80, which would be more than its all-time high of $0.73. Although these predictions are largely based on technical chart patterns and not fundamental considerations, the predictability of Dogecoin’s price structure has drawn the interest of some cryptocurrency market observers. The ascending trendline that has stood even during various market cycles is a primary indicator that most traders are monitoring to assess the strength of DOGE’s current position. Featured image from Unsplash, chart from TradingView
