//Dogecoin Price Prediction: Is a Massive Bounce to $0.17 Coming Soon? Crypto Analyst Reveals Key Short-Term Targets//
Dogecoin price shows signs of recovery as breakout hints at a potential rally—Analyst maps out next moves!
In this detailed article, we’ll explore the current state of Dogecoin’s price, the key short-term targets to watch, and what crypto traders and enthusiasts should know before making their next move.
📉 Dogecoin’s Fall into a Bearish Wedge
Since April 14, Dogecoin’s price action on the 1-hour chart has been defined by a sharp decline, forming a falling wedge pattern—a technical formation that often signals a reversal in trend. The meme coin dropped to a low of around $0.15 but has now started to push higher, breaking out of the wedge.
Crypto analyst KledjiCuni shared his insights on TradingView, stating that the breakout could be the beginning of a new short-term bullish wave for DOGE. The analyst noted that Dogecoin is “starting to reclaim upward momentum,” a positive sign that suggests the recent selloff may be losing steam.
🟠 What’s Next? A Short-Term Correction First
While the breakout is an encouraging signal for Dogecoin holders, the analyst predicts a brief pullback to the $0.1550 zone. This retest of the wedge’s upper boundary would serve as a confirmation of the breakout and a potential entry point for traders looking to ride the next wave higher.
💸 Bullish Price Targets: $0.1607 and $0.1670
Dogecoin’s breakout has sparked excitement in the crypto community, and traders are now watching two key resistance levels that could define the next move:
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$0.1607 – This level acted as a lower high within the falling wedge and serves as the first resistance.
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$0.1670 – A more significant barrier, this price marks the apex of the wedge, essentially the technical origin of the current downtrend.
If DOGE can clear $0.1607 with strong buying pressure, there’s a high probability that it will test $0.1670, effectively completing a full recovery from the recent bearish move.
📊 Where Does DOGE Stand Now?
At the time of writing, Dogecoin is trading around $0.1560, slightly above the critical $0.1550 support area. The coin is down 0.34% in the past 24 hours, but technical indicators are pointing toward a possible rebound before the week ends.
If the broader crypto market holds steady and avoids major selloffs, DOGE could make a move back toward $0.17—a level that would represent a full reversal from the April 14 drop.
💡 What This Means for Crypto Traders
For traders, Dogecoin’s recent breakout is a potential buy-the-dip opportunity. The $0.1550 zone is being closely monitored, and a successful bounce could lead to gains toward $0.1607 and $0.1670 in the short term. Traders looking to capitalize on this move should watch trading volume and price action closely in the next 24–48 hours.
🐕 Will Dogecoin Bounce Back?
While Dogecoin has experienced a rough patch recently, its breakout from a bearish wedge and signs of strength above $0.1550 suggest that a short-term rally could be on the horizon. With bullish price targets clearly defined and a potential bounce to $0.17 in sight, the meme coin might be preparing for another spotlight moment.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before investing in cryptocurrencies.
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Tags: Dogecoin price prediction, DOGE breakout, crypto trading, meme coin, Dogecoin forecast April 2025, crypto analyst KledjiCuni, DOGE price chart, Dogecoin resistance level, crypto news, Google AdSense crypto article
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