$DOGE Price Performance - CoinPedia Analytics

Dogecoin is showing a powerful bullish trend following a breakout from a rounding bottom pattern. After surpassing the 61.80% Fibonacci retracement at $0.23, the price surged by 83.64% last week, followed by a 32% recovery this week, bringing Dogecoin to $0.3670. The current price holds above the 78.60% Fibonacci level at $0.3463, marking a significant milestone in its recovery.

Since bouncing off the 23.60% Fibonacci level below $0.10, Dogecoin has climbed nearly 300% in under three months. Technical indicators point to further gains, with a golden crossover between the 50 and 200-week SMAs, and the MACD showing a strong bullish signal. If the price holds above $0.3463, there is a clear path toward testing the $0.50 psychological mark. However, a short-term pullback could see a retest of the $0.3463 or $0.30 levels, providing a potential entry point for traders betting on a continued uptrend.