Technical Indicators Suggest Bullish Reversal

Dogecoin (DOGE) is showing signs of a potential price rebound, with technical analysis pointing toward a possible surge to $0.25. The cryptocurrency, currently trading around $0.17, has formed a double-bottom pattern on its daily chart — a classic bullish reversal signal that often precedes upward momentum.

Breaking Through Key Resistance Levels

Recent price action saw DOGE break through a descending channel that had contained its movement for two months. Crypto analyst Trader Tardigrade noted this breakout, highlighting the establishment of higher lows and higher highs — a textbook indication of trend reversal. The $0.177 level emerges as critical support, with on-chain data showing 8.94% of DOGE supply held at this price point.

Memecoin Sector Leads Market Performance

While DOGE charts its potential recovery, the broader memecoin category continues dominating crypto markets. Data from DYOR reveals memecoins delivered 【56.67%】 returns over the past 90 days, outperforming other cryptocurrency sectors. This sustained interest suggests favorable conditions for DOGE's anticipated move, with historical patterns showing memecoins can achieve 300-500% gains during peak market cycles.

Key Levels to Watch

Market observers identify several crucial price thresholds: ——$0.177: Current support cluster holding nearly 9% of circulating supply ——$0.206: Next resistance level containing 7.54% of coins ——$0.25: Psychological benchmark and pattern target ——$0.36: Distant resistance where 3.83% of supply resides

Mixed On-Chain Signals

Glassnode metrics present a nuanced picture, showing DOGE holders experiencing their highest loss levels in months. While this indicates short-term selling pressure, it may also signal accumulation phases that often precede major moves. The cryptocurrency maintains strong liquidity, ranking as the 7th most-traded digital asset by 24-hour volume.

Market Context and Outlook

The potential DOGE rebound occurs as Bitcoin shows signs of renewed strength, which typically benefits altcoins. Analysts suggest a break above $0.25 could materialize by late 2025 if current technical patterns hold and broader market conditions remain favorable. However, traders caution that memecoins remain highly speculative assets prone to volatility.

——This developing situation warrants close monitoring as DOGE approaches critical technical levels that could determine its medium-term trajectory——