Dogecoin shows signs of life, and a well-known analyst thinks it could be gearing up for a significant move in the coming months.
Current Situation of Dogecoin
As of now, Dogecoin is trading around $0.18. It’s hovering just above the 0.5 Fibonacci retracement level, which sits near $0.165, and right on top of a long-term rising trendline that has held strong for over six months. This area has become a crucial support zone.
Price Movement Forecast
Analyst Ali Martinez notes that a likely short-term dip towards $0.14–$0.15 is expected before Dogecoin's price resumes its upward move. If this bounce occurs, DOGE could break through the $0.21 resistance and push toward $0.30. The breakout is projected to happen sometime between late June and early July.
Why Dogecoin Matters?
Dogecoin may be the original meme coin, but it’s far from a joke. It has survived multiple bear markets, consistently ranks among the top cryptocurrencies by market cap, and maintains strong social traction. Even though newer meme coins come and go, DOGE continues to attract significant attention from retail traders and notable investors.
With a strong technical setup and one of the most recognizable brands in crypto, Dogecoin might be one of the top assets to watch in the coming months. If the $0.14–$0.15 support holds, the upcoming months could be favorable for growth.
