\n\t\t\t\t\t\t\t\t\t“This old meme coin is about to do something insane,” one X user predicted. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The largest meme coin by market capitalization has followed the broader crypto market\u2019s decline, but that hasn\u2019t stopped analysts from making bullish price predictions.<\/p>\n
Several technical indicators reinforce the optimistic outlook, suggesting bearish pressure may soon ease.<\/p>\n
Rebound Incoming?<\/h2>\n
As of this writing, DOGE trades at around $0.096, representing a 6% plunge on a weekly scale. While this might sound concerning, the meme coin has held up far better than BTC (down 10% during this period) and well-known altcoins such as BCH and SUI, which have dropped by almost 20%.<\/p>\n
The asset has become the subject of numerous price predictions lately, with Ali Martinez being among the commentators. He claimed<\/a> that the TD Sequential indicator has flashed a buy signal on DOGE, adding that if the $0.096 support holds firm, $0.11 could be next. X user CryptoBoss made a similar forecast, arguing<\/a> that the current levels offer a buying opportunity and envisioning a rise to roughly $0.108 in the following days.<\/p>\n CoinForge and MikybullCrypto were even more optimistic. The former thinks<\/a> the meme coin is about to do \u201csomething insane.\u201d They reminded that in 2024 DOGE formed a descending triangle pattern before exploding during the breakout phase.<\/p>\n \u201cIn 2026, DOGE is about to form that same breakout phase,\u201d the analyst predicted.<\/p>\n<\/blockquote>\n For their part, MikybullCrypto opined<\/a> that the OG meme coin is at a level that could trigger a massive rally to a new all-time high, setting a target of $2.50. It is important to note that such a price explosion seems unrealistic at this time, given that Dogecoin\u2019s market cap would need to skyrocket to over $385 billion. Currently, BTC is the only cryptocurrency with a higher capitalization than that, while ETH (the second-largest digital asset) has less than $240 billion.<\/p>\n DOGE\u2019s Relative Strength Index (RSI) backs the bullish case shared by the aforementioned analysts. The technical indicator has dropped below 30, indicating the asset is oversold and potentially poised for a price surge. The index ranges from 0 to 100, and conversely, anything above 70 is seen as a sign of an impending pullback.<\/p>\n Next on the list is Dogecoin\u2019s exchange netflows. According to CoinGlass, outflows have outpaced inflows over the past several days, suggesting that investors have abandoned centralized platforms in favor of self-custody. This development reduces immediate selling pressure.<\/p>\n \u00a0<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n\n
Observing Some Indicators<\/h2>\n
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