Dogecoin price is back in focus after a series of bullish signals emerged from technical charts and social media traders.
With RSI indicators flashing potential recovery and historical trendlines holding, traders are again asking: is $1 still possible?
The price traded near a descending red trendline that has repeatedly served as both resistance and support.
According to charts from trader Master Kenobi, DOGE’s structure now tests that same trendline again—mirroring its Sept. 2024 bounce.
The analyst noted two levels of support: the red descending line and a static yellow horizontal level at $0.0900.
RSI Points to a Potential Rebound Zone
On March 28, trader Tardigrade flagged the DOGE weekly relative strength index (RSI) as a potential bottoming signal. “DOGE: $1 on the way,” he posted, citing strength in momentum indicators.
FISHER provided a broader technical view, citing DOGE’s RSI at 79.31, MACD crossover, and KDJ reading at 85.94—each historically bullish, though RSI levels remain overbought. He wrote, arguing the momentum still favors buyers,
“Technical indicators are screaming bullish.”
Bollinger Bands also showed the price hugging the upper range, suggesting a strong uptrend remains intact—at least for now.
Will Dogecoin Price Repeat Its 2024 Breakout or Crash Below $0.09?
Dogecoin price action currently hovers near a red descending trendline—an area that acted as support during the Sept. 2024 rebound.
Analyst Master Kenobi highlighted two key support zones: the red trendline and a horizontal level at $0.0900.
Kenobi noted, suggesting DOGE may remain oversold without a stronger reversal,
“The Master Indicator is still at the bottom.”
Still, if bulls defend the trendline, DOGE could target the $0.1100–$0.1200 zone, flipping short-term sentiment.
Bullish narratives continue to gain traction on social media. CryptoELlTES called for a rally to $5, claiming DOGE is mimicking earlier cycles.
“This is DOGE’s turn,” they posted, referencing Bitcoin’s recovery from $15,000 and linking it to Dogecoin’s current setup.
On-chain metrics show consistent activity, supporting the narrative. Analyst Ali reported that Dogecoin processed 41,132 transactions over 24 hours, with an average fee of 0.534 DOGE—equal to approximately $3,900.
DOGE’s next move will likely depend on whether the red trendline acts as a launchpad or a trapdoor.
DOGE Must Hold Support or Risk Reversal
If Dogecoin price holds above $0.0900, traders expect a push toward the $0.1100–$0.1200 zone.
Failure to do so, however, could trigger deeper downside moves and reset market momentum entirely.
As Master Kenobi stated in his post, breaking below both support levels would suggest it’s “see you another time” for the current rally.
The post Dogecoin Price Flashes Bullish Signals—Is $1 Still on the Table? appeared first on The Coin Republic.
