Dogecoin Roadblock At $0.15: Analyst Predicts The Next Major Level

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Dogecoin (DOGE) is showing signs of recovery as it attempts to break out of its ongoing bearish trend . However, a crypto analyst had identified a significant roadblock at $0.15, which could determine the meme coin’s next move. According to the analyst, if Dogecoin can decisively break through this resistance, its price could move toward a more bullish target, signaling a potential shift in market momentum. Dogecoin Faces Major Resistance At $0.15 Dogecoin is now attracting new attention as technical indicators suggest the meme coin may be preparing for a directional move after months of downside pressure . A recent analysis shared by pseudonymous market expert ‘World of Charts’ on X outlines a developing breakout structure that could define Dogecoin’s bullish trajectory . Related Reading Dogecoin Price Just Confirmed A Reversal With The RSI Divergence 1 day ago According to the expert, Dogecoin is trading near a key price area that is acting as a major barrier to further upward movement. The daily chart shows the meme coin trending lower since its record high in late 2024 , with a series of lower highs and lower lows dominating price action. This decline eventually slowed as DOGE entered a tight consolidation range near the $0.122 level, highlighted on the chart with a blue horizontal box. Source: Chart from World of Charts on X In his analysis, World of Charts highlighted the blue horizontal zone as a key level to watch. He noted that after Dogecoin breaks out from the horizontal box, he expects it to move above the $0.122 resistance area. Once this happens, he has stated that the meme coin will likely start a move toward the next resistance zone between $0.15 and $0.16. As mentioned earlier, the price range between $0.15 and $0.16 has been identified as a major barrier. If Dogecoin breaks through this area, it could trigger stronger upward momentum . Currently, the meme coin has surpassed the $1.22 mark and is trading above $1.25. Maintaining a position above this level could be the key to reversing its prolonged downtrend . Dogecoin Setup Mirrors Bullish Past Cycle Patterns In a separate analysis, Bitcoinsensus has issued a bullish forecast for Dogecoin, highlighting a recurring pattern on its price chart. According to the X post, Dogecoin’s current price action is mirroring a historical pattern that has preceded massive rallies during the 2014-2017 and 2018-2021 market cycles. Related Reading Dogecoin RSI Just Entered Historical Oversold Levels Again, Will It Repeat 2021? 1 week ago The pattern begins with an extended consolidation or accumulation phase followed by a sharp parabolic breakout upward. During the 2014-2017 cycle, Dogecoin recorded a massive gain of 5,858.67%, while the 2018-2021 cycle followed a similar trajectory, with prices surging over 21,457.13%. With this pattern now emerging in the current cycle, Bitcoinsensus predicts that Dogecoin will be on the verge of a similarly powerful rally. The projection estimates a potential gain of 3,146.88%, suggesting a possible rise from $0.125 to above $3. DOGE trading at $0.12 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com