Dogecoin（Doge）显示了几周后势头后的潜在恢复阶段的早期迹象

Dogecoin price shows early signs of a potential recovery phase after weeks of downward momentum. The popular meme cryptocurrency is currently trading at approximately $0.154.

This view was highlighted by crypto analyst Trader Tardigrade, who noted that Dogecoin is forming a symmetrical triangle pattern on the 4-hour chart.

This pattern, which has been unfolding since April 8, is characterized by converging trendlines with price gradually narrowing toward an apex.

Symmetrical triangles can indicate a pending shift in trend direction. The longer the consolidation within the triangle, the stronger the momentum usually builds, leading to a steeper and more substantial price move when the pattern breaks.

On the 1-hour timeframe, a falling wedge breakout has already materialized. This pattern is typically viewed as a bullish reversal indicator when price breaks above the upper trendline of the wedge.

Moreover, the Relative Strength Index (RSI) has recently bounced from oversold territory on the 1-hour chart, suggesting growing buying pressure in the short term.

The RSI measures the magnitude of recent price changes to evaluate the speed or the rate of change of a price movement.

Overbought or oversold readings can serve as signals that the current trend may be exhausting and a reversal is pending.

However, looking at the weekly chart, this view is still pessimistic, according to analyst Chris, who noted that an expanding rising channel has guided Dogecoin’s price movement since October 2023, when DOGE bottomed at $0.056.

This structure has produced a sequence of higher highs, reaching approximately $0.229 in March 2024 and $0.484 in December 2024. The latest pullback has retested the channel’s lower boundary at $0.13, where Chris notes the weekly Stochastic-RSI is beginning to curve upward from single-digit territory.

The Ichimoku cloud is also turning supportive above the $0.22 price level.

This technical setup projects a steep trajectory that could potentially drive Dogecoin toward the upper boundary of the expanding channel, which would approach the $1.00-$1.10 range by late summer 2025.

At the time of writing, DOGE trading volume stands at $745 million, down 4.7% over 24 hours, even as price has increased by 1.3% during the same time frame.

Several key price levels are being watched by traders tracking Dogecoin’s potential recovery, according to analyst Olivier, who noted that the immediate support is at $0.1533, very close to current trading levels.

If this level fails to hold, DOGE could revisit the lower boundary of a descending regression channel below $0.13.

To confirm a genuine trend reversal, DOGE would need to break above $0.2175, which would mark an exit from the descending channel and establish the first higher high in months.

Further resistance levels include $0.229 (the local high from March 2024), followed by $0.3496, which served as key support from December last year until January this year. The December high at $0.4361 and the year-to-date high at $0.484 represent additional upside targets.

“The uptrend won’t resume until it prints un new higher low,” stated Olivier, adding that if price breaks the last low, further downside can be expected.

While these technical patterns suggest a potential recovery, confirmation is still needed. For the symmetrical triangle to confirm a bullish outlook, price must break above the upper boundary with strong closing price action and increased volume.

The falling wedge breakout hasn’t yet been accompanied by a surge in trading volume, though price has increased by a few percentage points.

Dogecoin’s current price action follows a bearish trend that has persisted for approximately six weeks. A confirmed trend shift would represent a change to bullish momentum, potentially marking the beginning of a sustained rally if volume increases to support the move.

For now, DOGE continues to consolidate as traders wait for stronger confirmation signals before committing to either direction.