Trader Tardigrade says Dogecoin (DOGE) pullback may be over, identifying repeated support levels that could take the meme coin to a new all-time high.

Dogecoin has shown moderate volatility over the past week, trading between $0.16 and $0.19. The price action saw an initial climb peaking near $0.19 on April 26 before reversing course and dipping to around $0.169 on April 30. With a slight recovery, the coin is currently handling at $0.174.

However, despite these short-term fluctuations, recent technical analysis and on-chain metrics hint at the possibility of testing previous highs.

Dogecoin Might Be Setting Up for a 2024 Breakout

The analyst highlighted DOGE’s tendency to establish support at prior swing highs, as seen in a 3-day chart. Starting from late 2023, Dogecoin broke through the $0.098 resistance before retracing and validating that level as support in early 2024. This pattern continued in July 2024, where a swing high near $0.145 later acted as support in April 2025.

Specifically, Tardigrade’s chart showed that in February 2025, DOGE reached a swing high of $0.29 before undergoing a steep correction. Notably, the asset returned to the $0.145 support level, consistent with earlier structural behavior. The analyst’s chart also showed that each time DOGE revisited such supports, it produced higher highs leading into new rallies.

Following this completed pullback, the next projected resistance sits above $0.23, with a potential move toward $0.80 before another correction. Reaching this level should take Dogecoin above its previous all-time high of $0.73.

Dogecoin Shows Increased Network Activity

Reinforcing these technical indicators, data from IntoTheBlock showed a sharp increase in Dogecoin’s network activity. Over the past week, new addresses climbed by 102.40%, while active addresses rose by 111.32%.

Zero balance addresses surged by 155.42%. This spike suggests increased user engagement and transactional interest, which some analysts consider supportive of bullish price action.

While the price remains below previous highs, the continuity of this network growth may help sustain DOGE’s current support levels. These trends appear to align with Tardigrade’s structural analysis, particularly regarding price recovery patterns following periods of high activity.

MasterAnanda Identifies Completed ABC Correction For Dogecoin

Separately, analyst MasterAnanda offered another technical perspective via TradingView on April 27. The analysis identified a completed ABC correction beginning from Dogecoin’s December 8, 2024, high of $0.4846. The initial wave marked a 46% drop to $0.2626, followed by a 66% rebound to $0.4350. The C-wave then completed with a 70% fall to $0.1298.

Since reaching this local support, DOGE has rebounded significantly. According to MasterAnanda, the asset now trades well below its previous peak and is positioned for an impulsive rally. The projected target is $0.703.