🐶 Dogecoin's rebound opportunity after correction: How far is it to 1 dollar? At the beginning of this week, Dogecoin (#DOGE) saw a temporary weakening in its upward trend, with the daily chart showing a decline of about 5.5%, once again touching recent lows. Nevertheless, some analysts believe that if the current price can hold the support area,

🐶 Dogecoin's rebound opportunity after correction: How far is it to 1 dollar?

At the beginning of this week, Dogecoin (#DOGE) saw a temporary weakening in its upward trend, with the daily chart showing a decline of about 5.5%, once again touching recent lows. Nevertheless, some analysts believe that if the current price can hold the support area, Dogecoin may experience a significant rebound in the short to medium term, even moving towards the milestone of 1 dollar.

📉 Short-term correction: Prices fluctuate in a key range

On Thursday, Dogecoin followed the overall cryptocurrency market trend and fell back to the range of 0.136 to 0.138 dollars. Since the market downturn in the fourth quarter, DOGE has dropped about 50%, with prices fluctuating between 0.130 and 0.155 dollars over the past few weeks.

During this week's rebound, Dogecoin briefly tested the recent range high, attempting to break through for the second time this month, but due to expectations of interest rate cuts by the Federal Reserve, the market experienced significant volatility on Wednesday, with Dogecoin dropping 4.6% at one point before continuing to retreat to the current level.

Trader Trader Tardigrade stated that despite the price pullback, Dogecoin remains strong at the key support area, 'laying the foundation for a significant surge to $1 next year.'

🪜Key support level: The 'springboard' for prices

From the chart, DOGE is retesting an ascending support area, a trend that has been a precursor to significant price fluctuations over the past two years. Since the end of 2023, this support level has been retested three times, each time marking the bottom of a major correction phase and serving as a 'springboard' for the price to reach new highs.

Historical data also shows that the magnitude and duration of rebounds after each retest of the two-year trend line have been on the rise. For example:

In the first round of rebounds, Dogecoin rose 87% over eight weeks.

After the second round of testing key support, it soared over 210% in ten weeks.

During the third to fourth quarter of 2024, DOGE rose 442% over 14 weeks, reaching a multi-year high of $0.48.

Given that the current price has once again touched this support level, analysts believe that if this range can hold, Dogecoin may initiate a rally of up to 610% in early 2026.

🔄MACD golden cross: The short-term trend is reversing

Trader Tardigrade also pointed out that Dogecoin's MACD bullish crossover is forming, indicating that the trend is shifting from a decline to an increase, suggesting that significant volatility may occur next. Looking back at several breakout cases this year, whenever the MACD showed a golden cross, the price surged to new local highs.

Analysts' charts show that if the current pattern gradually unfolds, Dogecoin may first rebound to October's level, laying the groundwork for further gains.

📊Short-term expected increase: 60%-120%

Other market observers also point out that Dogecoin may see a short-term increase of 60%-120%. The analysis firm Bitcoinsensus mentioned that DOGE has been forming a classic bullish reversal pattern—a descending wedge—since last October. The recent price decline may be forming a nice rounded bottom structure. If it can effectively break above the key resistance line, the target may be set at the $0.20 area (approximately +60%).

Meanwhile, AltCryptoTalk indicates that Dogecoin is retesting 'the same demand area that triggered every major rise in the past'; if this area holds, it could trigger a 115% increase, returning to the September high of $0.30.

💡Investor thinking: Hold the support, look for rebound opportunities

As of the time of writing, Dogecoin is trading at approximately $0.137, down about 8% this week. Although the short-term price has experienced a pullback, historical trends and technical indicators suggest that once key support holds, DOGE is likely to experience a rebound.

For investors, closely monitoring the support area is more important than blindly chasing price increases. Once the price successfully rebounds, referencing historical increases, DOGE has the potential to target higher levels in the coming weeks or even months, providing opportunities for investors seeking long-term gains.

In summary: Although Dogecoin has experienced a pullback, both historical and technical indicators suggest that as long as support holds, the next wave towards $1 may be quietly brewing. Patience and observation are key to chasing DOGE.#美联储降息 #