Amid the recent dip, Dogecoin (DOGE), the largest meme coin, has reached a key level that appears to be garnering significant attention from crypto enthusiasts. The daily chart reveals that the meme coin has lost over 20% of its value. However, with the formation of a bullish divergence, it appears that DOGE could end its prolonged bearish streak and downward momentum.
Current Price Momentum
At press time, DOGE is trading near $0.17 and has registered a price dip of over 1.45% in the past 24 hours. During this period, investor and trader participation plummeted, leading to a 15% drop in trading volume compared to the previous day.
This drop in trading volume during the price decline suggests weak downside momentum in the asset and indicates a slowdown in the acceleration DOGE has experienced in recent days.
Also Read: Dogecoin Prediction: Why Experts Believe DOGE Could Explode Soon
Dogecoin (DOGE) Price Action and Upcoming Levels
According to AMBCrypto’s technical analysis, DOGE, with six consecutive red candles, has now reached a key support level at $0.167. Historically, this level has always acted as an area of price reversal. Since April 2025, the meme coin has reached this level more than three times, and each time it experienced a price reversal — something analysts and experts are expecting again this time.
Meanwhile, this bullish expectation has strengthened following the formation of a bullish divergence.
The daily chart shows that while the meme coin formed a lower low, the Relative Strength Index (RSI) simultaneously formed a higher high, clearly indicating bullish momentum.
This pattern is known as a bullish divergence. In such cases, the asset typically experiences upside momentum until it reaches the next resistance level.
Dogecoin (DOGE) Price Prediction
Based on the recent price action and historical patterns, if DOGE holds above the $0.164 level, there is a strong possibility that the asset could see a price surge of over 18%, potentially reaching the $0.20 level shortly.
At press time, the DOGE price is trading below the 200-day Exponential Moving Average (EMA) on the daily timeframe, indicating that the asset is in a downtrend.
Experts’ Bold Prediction: Will Dogecoin (DOGE)Hit $0.60?
Despite the bearish signal from the 200 EMA, analysts and experts remain optimistic about Dogecoin and are making bold predictions.
On X (formerly Twitter), several bold predictions have surfaced from experts. In a recent post, one expert noted, “Dogecoin is repeating its previous move… It’s targeting the $0.60 zone.” Meanwhile, another crypto analyst shared a post saying, “DOGE is on the verge of a massive breakout… This chart looks insane.”
These posts on social media have gained widespread attention from crypto enthusiasts and reflect the growing interest and confidence of experts in the meme coin.
$31.40 million worth of Dogecoin (DOGE) outflow
Meanwhile, investors and long-term holders have begun accumulating the token, as revealed by on-chain analytics firm Coinglass. Data from the spot inflow/outflow shows that exchanges have witnessed a significant outflow of $31.38 million worth of DOGE in the past 48 hours.
This substantial outflow from exchanges suggests potential accumulation by investors and long-term holders, which could lead to increased buying pressure and further upside momentum.
