Dogecoin Eyes Breakout as Bullish RSI Signals and ETF Buzz Build Momentum

Dogecoin (DOGE) shows signs of bullish momentum, with technical indicators suggesting a potential price surge.

Key resistance sits around $0.20. A breakout could propel DOGE towards $0.26, $0.41, and even $1.00.

Recent ETF application delays are considered standard procedure, and bullish divergence patterns further support the positive outlook.

Dogecoin has fluctuated within established price ranges, experiencing both failed breakdowns and attempted breakouts. After retesting lower support levels, DOGE has consolidated within its current trading range. Technical analysts are observing early indicators suggesting a possible price increase in the coming weeks.

Technical Analysis Supports Bullish Momentum

Analyst Kevin (@Kev_Capital_TA) notes DOGE's recent low at $0.138 coincided with the 38.2% Fibonacci retracement level (calculated from the 2021 all-time high to the 2022 bear market bottom). This level acted as strong support.

Source: Kev_Capital_TA (X)

The price has since rebounded towards $0.18, demonstrating renewed strength. Kevin highlights the weekly RSI forming higher lows, indicating improving momentum. The weekly Stochastic RSI has already shown a bullish crossover, with a second confirmation pending.

These signals have historically preceded multi-week rallies in DOGE's price cycles. Significant resistance is observed near $0.19039, aligning with the 50% retracement level and a previous trendline.

ETF Developments and Market Sentiment Contribute to Positive Outlook

Crypto Bio observed bullish divergence twice in the past year for DOGE. The most recent instance occurred between March and April 2025, showing lower price lows alongside higher RSI lows.

Source: Crypto Bio (X)

Analysts believe this pattern often precedes substantial price increases. The broader cryptocurrency market awaits decisions on pending ETF applications. While the SEC delayed reviews for Dogecoin ETFs from Bitwise and 21Shares, Bloomberg analyst Eric Balchunas characterized these delays as typical.

DOGE currently trades near $0.175, with a 50-day EMA at $0.179 and resistance at $0.20. A successful breach of this resistance could lead to price targets of $0.26, $0.41, and potentially $1.00, fueled by increased trading volume and improving market sentiment.