Bullish Scenario
By successfully defending the cross-support at the EMA200 and the horizontal support zone, Dogecoin is aiming to reclaim the $0.245 mark. Momentum could intensify if the upcoming launch of the first Dogecoin ETF materializes. A decisive move above this resistance would pave the way toward $0.286–$0.310, where the 50% Fibonacci retracement sits.
Should DOGE extend higher, the next target becomes $0.349, a level that aligns with the Golden Pocket of the larger move. Sustained buying pressure could push the price further toward $0.410 and, eventually, last year’s highs between $0.47 and $0.50 — though profit-taking in that zone could temporarily stall upside momentum.
Bullish targets: $0.245–0.260, $0.286–0.310, $0.349, $0.365, $0.410–0.435, $0.466, $0.480–0.500.
Bearish Scenario
Bears failed once again to drive DOGE below the EMA200. To regain control, sellers must cap the price under $0.245. In such a case, the EMA20 at $0.225 becomes the immediate downside target. A breakdown here would likely trigger further weakness toward $0.213–$0.204.
Losing the July low at $0.189 could accelerate a correction toward $0.177–$0.170. Continued weakness would expose deeper supports at $0.156 and, in a worst-case scenario, the yearly lows around $0.143–$0.131.
Bearish targets: $0.225, $0.213–0.204, $0.189, $0.177–0.170, $0.156, $0.143–0.131.
Indicators
The daily RSI has just flashed a fresh buy signal, sitting at 61 and leaving room for further gains. On the weekly chart, the RSI is also close to breaking out of its neutral zone, adding weight to the bullish case.