**Dogecoin Stuck in a Range: Is DOGE About to Surge?**
The **Dogecoin (DOGE)** price is currently stuck in a range, and recent analysis suggests a potential breakout that could take DOGE to the $1 level. Here are some key takeaways from the analysis conducted by cryptocurrency traders and analysts.
### **DOGE Price Analysis**
1. **Range Condition**: Dogecoin is currently moving in a price range, with a potential breakout that could resume the uptrend. If successful, DOGE could reach the psychological level of $1, which would be a new all-time high (ATH) after its previous ATH of around $0.73.
2. **RSI Indicator**: DOGE’s Daily Relative Strength Index (RSI) has returned to the potential rebound zone. Analysts note that at this RSI level, DOGE previously hit a local low of $0.095 before experiencing a parabolic rally to $0.48. If this pattern repeats, DOGE could reach $1.35.
3. **Two-Step Surge**: Analysts believe that DOGE bulls often follow a two-step pattern. A realistic projection for a DOGE top in this market cycle is between $3 and $4.
### **DOGE Price Correction**
- **Prolonged Correction**: DOGE has been in a price correction for over a month. Analysts note that despite bullish signals, DOGE has not experienced the pullback it should have seen during the 2021 bull run.
- **Macro Support**: If DOGE hits macro structural support and the golden pocket, it could indicate a correction of around 45%, which is enough to resume the uptrend.
### **Conclusion**
Currently, DOGE is trading around $0.30, down over 14% in the last 24 hours. Despite the challenges, analysis suggests bullish potential if DOGE is able to break through the current price range. Investors are advised to remain vigilant and conduct further research before making any investment decisions.
