An expert Dogecoin price prediction indicates the meme coin price action is on the cusp of forming a bullish wedge on the weekly chart. If it forms, DOGE could see a roughly 560% rally to $0.80 from around $0.12 at press time. A recent forecast notes the pattern has shaped the token’s biggest cycles in recent years and could trigger a significant rally if it completes, with Ali_charts estimating a 560% rise to $0.80.
Each tightening phase has seen volatility fade before a breakout. Currently, DOGE is holding above rising support around $0.12–$0.13, a level that has attracted buyers. Every dip into that zone has attracted buyers, while sellers have failed to push prices meaningfully lower. Crypto Jobs cautions that Dogecoin price action often shows weak buying and lacks a clear bullish pattern compared with some other altcoins.
A recent Dogecoin price prediction noted that DOGE is about 95% bottomed, suggesting an imminent rally could be on the cards. On the daily chart, price is holding the $0.11–$0.12 area, a zone that has consistently attracted buyers. That usually happens near the end of a downtrend, and selling pressure has slowed while the push to new lows has stalled. Above current price, liquidity is building, with a large cluster of short positions sitting just above $0.15 that could trigger forced covering if reached.
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