Dogecoin (DOGE) is approaching a key technical decision point after a sharp rebound. According to several respected crypto analysts, the rally will only shift from a “relief bounce” to a true “reversal” if DOGE can break above the mid-$0.15 range and set a new local high.
Dogecoin Rallies, But the Real Test is $0.157
Analyst Kevin (Kev_Capital_TA) outlines what confirmation would look like. He notes that Dogecoin, like Bitcoin and other altcoins, has broken out and successfully retested its key 4-hour moving averages in an attempt to end its major corrective phase. A successful retest followed by a new high above $0.157 would be strong evidence that the correction has ended.
On the 4-hour chart, DOGE had been trending lower for months, repeatedly failing at declining moving averages. The recent push higher is significant because the price reclaimed those averages, pulled back to retest them, and held—behavior that suggests a potential shift from “sell-the-rally” to “buy-the-dip.” However, the market remains within a broader downtrend unless it can establish a higher high.
Related Reading: Dogecoin Breaks Its ‘Lower-Band Prison’ As Daily Trend Flips
Cantonese Cat’s daily chart shows where resistance is currently forming. The latest candle closed at $0.1486 after reaching $0.1508 during the day, testing an area where sellers have previously stepped in. He points out that while DOGE has printed a bullish daily candle that engulfs the last five bearish ones—a positive short-term signal—the bulls still need to achieve a new higher high.
Related Reading: Analyst Highlights Fibonacci Level That Could Put Dogecoin Price Top Above $10
Another analyst, @BigCheds, highlights why the mid-$0.15s are important. DOGE remains below longer-term trend indicators, with the 34-day EMA at $0.1828 and the 200-day SMA at $0.2212 still overhead. Bollinger Bands show DOGE rebounding from the lower band near $0.11, moving through the basis around $0.135, and testing the upper band near $0.16. After retracing to the basis and holding, the price is now rotating back toward the upper band.
The setup is straightforward: holding above the reclaimed short-term averages and breaking above $0.157 would complete the “retest, then higher high” sequence and push through a key daily supply zone. A move into the upper Bollinger Band would further confirm growing upward momentum.
If DOGE fails to clear that zone and falls back below the moving average support, attention would turn to $0.1319, then $0.1208, with $0.1068 as a deeper support level.
At the time of writing, DOGE is trading at $0.14768.
Featured image created with DALL.E, chart from TradingView.com
Frequently Asked Questions
Of course Here is a list of FAQs about the topic Dogecoin Bulls Shouldnt Celebrate Just Yet This Key Level Still Needs to Be Breached written in a natural conversational tone
General Beginner Questions
1 What does this headline even mean
It means that while Dogecoins price might be going up it hasnt yet passed a specific important price point Until it does the upward move might not be sustainable
2 Who are the bulls
Bulls are investors who believe the price of an asset will rise and are typically buying or holding in anticipation of that increase
3 What is a key level in trading
A key level is a specific price point that traders and analysts watch closely Its often a previous high a low or a price where many people have previously bought or sold Breaking through it can signal a stronger trend
4 Why shouldnt Dogecoin holders celebrate a price jump
A sudden price jump can be a temporary rally or bull trap If the price fails to break and hold above a key resistance level it could quickly reverse and fall back down wiping out recent gains
5 Is this specific to Dogecoin or does it apply to other cryptocurrencies
This concept applies to all tradable assets Technical analysis using key levels is a universal trading concept though the specific level is unique to Dogecoins current chart
Advanced Technical Questions
6 What is the specific key level being referred to here
While the exact level changes daily with the market it is typically a major resistance level on Dogecoins price chart For example it could be 010 015 or the yearly high Traders use charts to identify these zones where selling pressure has historically been strong
7 Whats the difference between testing a level and breaching it
Testing The price reaches the key level but gets rejected and falls back This shows the resistance is still strong