Crypto analyst Rekt Capital has provided insights into the current Dogecoin price action. According to the analyst, the meme coin could be en-route to testing the highs of the $0.2 range but needs to hold a critical level for this to happen.

Earlier this week, the cryptocurrency broke above the pre-halving highs. As shared by Rekt Capital, this is a key level that could determine the meme coin’s price trend in the coming weeks.

In his words, as Old Resistance becomes new Support, #Dogecoin is showing the beginnings of this transition on lower timeframes.

If #DOGE can close above $0.20 in the weekly time frame, then the next resistance level to watch out for is at $0.27.

According to the analyst, this move will be crucial as it could propel Dogecoin to $0.27 next. In a related note, crypto analyst Ali Martinez has revealed that the meme coin has reached a crucial area of resistance.

According to Master Kenobi, this could risk a significant correction for the cryptocurrency. However, the analyst predicts that the meme coin could sustain this bullish momentum and en-route to testing new highs. In an X post, he said that he expects to see a massive pump in the next five to six days, possibly hitting a new all-time high (ATH) by the end of the week.

Earlier today, the crypto analyst predicted that the Dogecoin price could hit $1 by June. He made this prediction while discussing the 2017 bull run and how long DOGE’s pump in the second phase of that bull run lasted.

In other news, crypto analyst Trader Tardigrade predicts that the Dogecoin price could reach $0.37 after it finally breaks out from the current resistance level. According to the analyst, a new bull pennant has been established on DOGE’s 4-hour chart and the target for this pattern is $0.37.

In another X post, the crypto analyst stated that the Dogecoin price is still bullish. According to the analyst, there is a “beautiful” inverse head and shoulders pattern breakout, retest, and trend continuation on the lower time frame. His accompanying chart shows that the meme coin is setting up for an uptrend continuation above $0.24.

Meanwhile, the crypto analyst also touched on the Dogecoin price journey to $1. This comes as he reveals that a weekly MACD bullish crossover has just happened for the meme coin.