Dogecoin (CRYPTO: DOGE) has been showing some strength recently as it tries to continue its rebound from the macro support zone between $0.12 and $0.15, which was highlighted earlier this year.

What Happened: As shared by analyst Solberg Invest on June 1, DOGE has been consolidating at $0.19 following a minor pullback.

The green support zone in the chart above, which is drawn from previous cycles, proved critical in halting DOGE’s downtrend in early 2025. This accumulation range has acted as a demand zone, where buyers step in.

The latest price action at the moment reflects a classic consolidation phase, where volatility is contracting and the market is preparing for a possible breakout. The horizontal movement around $0.19 is occurring just above the previous support, which is an indication that the bulls are likely defending this level.

The technical structure also resembles an ascending triangle, a pattern that is often seen before upward moves. The price is steadily making higher lows against a flat resistance line, which strengthens the case for a bullish continuation.

Solberg Invest set two macro price targets at $033 and $0.432. From DOGE’s current price, the potential upside is seen to be 73% to 126%. The targets are probably based on historical resistance levels or Fibonacci extensions.

The gains are quite ambitious, but given the volatility that Dogecoin has shown throughout its history, such gains are possible again if strong momentum returns, especially after the dramatic run-up in 2021.

While external predictions from CoinCodex and others say Dogecoin might only reach $0.227 by the end of June, Solberg’s higher range takes a bolder view of market possibility.

Their chart suggests that once momentum starts to develop, if DOGE can move above $0.22, then it could quickly test some higher targets. Those levels also correspond with earlier pivot zones from past bullish cycles.

However, the upside won’t be easy. The next level is between $0.20 and $0.22, a zone that DOGE needs to overcome with volume and conviction to access higher levels.

What Next For DOGE: The future course of DOGE will now depend on how long this consolidation phase lasts and if market sentiment turns bullish in the near term.

Technical indicators and chart patterns indicate that DOGE is poised for a possible upward move but, as always, cannot guarantee it.

If Dogecoin cracks below the current support, it could then go back to the $0.15 zone. However, as long as it trades above $0.19 and keeps building higher lows, the bullish argument isn’t going to be invalidated. The following weeks would basically confirm the next leg of DOGE’s macro trend.Related Reading: Bitcoin Momentum Buyers Decrease As Profit Takers Increase: Glassnode