Crypto analyst Hov has stated that the macro target for the Dogecoin price remains unchanged despite the recent crypto market crash. This comes as DOGE looks to reclaim the psychological $0.2 level, which could spark a significant rebound for the meme coin. 

Macro Target For The Dogecoin Price Remains Above $2

In an X post, the crypto analyst stated that he still has the same macro target for the Dogecoin price. His accompanying chart showed DOGE could rally to $3 by next year, which would mark a new all-time high (ATH) for the altcoin. However, there is the possibility that the meme coin could keep trading sideways till the end of the year. 

Meanwhile, Hov noted that the Dogecoin price action had played out as expected, with DOGE correcting off the low and crashing by over 50%. He added that the move did not quite make it into the lower support level, but that so far, the move off the low looks pretty corrective. The meme coin had crashed from a high of around $0.30 last month, recently touching $0.11 amid the crash that followed Trump’s announcement of 100% tariffs on China. 

Hov also stated that the focus will be on how the Dogecoin price action develops over the next week to see whether the C-wave corrective move is in. DOGE is currently looking to rebound and reclaim the psychological $0.2 level. This has been sparked by optimism regarding a potential trade deal between the U.S. and China. 

The White House has confirmed that U.S. President Donald Trump will meet China’s President Xi Jinping on October 30 at the APEC Summit. Meanwhile, the September CPI, which dropped yesterday, came in lower than expectations, which also contributed to a bounce in the Dogecoin price. 

DOGE’s 3rd Bull Wave On The Horizon

Crypto analyst Ether revealed in an X post that the 3rd bull wave is on the horizon for the Dogecoin price. He noted that DOGE experienced two major bull waves in 2017 and 2021 and that another bull wave is now loading. The analyst broke down the current price action, which points to another bull wave. 

Ether revealed that the long downtrend has been broken, with the retest now complete. He further remarked that the 25MA on the higher time frame is back at support. Meanwhile, the Dogecoin price is said to be gathering strength in the lower band of a years-long ascending channel. The analyst added that all technical indicators are “whispering” the start of a new cycle. As such, he believes the 3rd bull wave is a matter of when, not if.

At the time of writing, the Dogecoin price is trading at around $0.19, up in the last 24 hours, according to data from CoinMarketCap.

The popular meme-coin Dogecoin (DOGE) is under mounting stress after a 30 % drop from its September highs, yet a contrarian technical setup suggests that a rebound to the $1 level might still be in play.

While the current environment is dominated by selling pressure and low institutional interest, some chart patterns deserve a closer look.

From Crash to Compression: Dogecoin Under Pressure

Dogecoin’s price tumbled from around $0.3066 to approximately $0.198, marking a dramatic 30 % decline that has shaken short-term holders. On the technical front, DOGE broke below a consolidating upward wedge, and a “death cross” is looming as the 50-day EMA approaches a crossover beneath the 200-day.

Analysts warn this structure has historically signaled deeper losses. Support at $0.1515 is under watch (about 22 % below current levels), while a breakdown under $0.0570 could open the door to an extreme risk scenario (-90 %) riding on a bearish flag on the weekly chart.

Adding to the pressure, the recently-launched DOGE ETF saw only around $30.7 million in assets, far below rival products and suggesting weak institutional demand. The steep 1.5 % expense ratio further dampens its appeal.

Technical Setup: Danger Ahead, But Also Hope

Despite the gloom, Dogecoin exhibits some intriguing longer-term patterns that hint at the possibility of reversal. On one hand, momentum indicators, like MACD and MFI, point to weakening buying strength and growing dominance of sellers. This supports the near-term bearish case.

On the other hand, a long-term ascending channel since 2021 shows DOGE trading near its lower boundary, with the Stochastic RSI at historically low levels, similar to prior pre-rallies.

Analysts highlight that if DOGE can hold key support around $0.19 and break above resistance near $0.30, the path toward $0.50–$1 becomes more plausible. A key resistance point lies near $0.21, often referred to as a “supply wall” due to heavy prior accumulation.

Each time DOGE approaches the resistance level, selling pressure typically increases, causing repeated rejections. Thus, for DOGE to flip the narrative, a clean breakout above $0.21 coupled with volume would be critical.

What Comes Next? Cautiously Optimistic Outlook

In the short term, Dogecoin faces more likely downside or sideways action unless fresh buyer momentum emerges. But if support holds and a breakout occurs, the long-term technical structure suggests upside potential toward the $1 mark.

The scenario isn’t guaranteed, it requires a confirmed reversal, rising volume, and a shift in sentiment. For traders using the 15-minute and 5-minute timeframes (as you focus on), this means watching for a higher-timeframe close above $0.30, plus intra-day volume spikes. Absent that, caution remains justified.

Cover image from ChatGPT, DOGEUSD chart from Tradingview

Dogecoin is once again under pressure as bears tighten their hold, keeping the price pinned below key resistance levels. Despite the ongoing consolidation, one crucial support zone is beginning to show signs of strength, hinting that a potential reversal could be on the horizon if buyers step in at the right moment.

Momentum Hinges On RSI and BTC Dominance Levels

Umair Crypto, in his latest update on Dogecoin, noted that the meme coin is currently consolidating just beneath the 200-day Simple Moving Average (SMA), forming what appears to be a clear bearish setup. According to Umair, the structure suggests that the price could soon face rejection from this critical moving average, a move that may trigger a decline toward the $0.15 region, or potentially even lower if selling pressure intensifies.

Despite the bearish tone, Umair highlighted that the $0.15 zone remains a crucial area of interest for buyers. He explained that this region could act as a strong bounce zone if the expected rejection occurs, offering the bulls a chance to defend the key support and potentially ignite a recovery from oversold conditions.

On a more optimistic note, Umair pointed out that a recovery above the daily RSI trendline could change the short-term outlook for DOGE and fuel a move above the 200-day SMA, opening the door for renewed bullish momentum. However, Umair maintained a cautious stance for now until there’s a confirmed decline in Bitcoin dominance (BTC.D) below 59%. This shift would likely mark the beginning of a more sustainable upward phase, including Dogecoin.

Dogecoin Regains Stability After Recent Correction

In a more recent market update, BitGuru highlighted that Dogecoin is starting to display early signs of a potential recovery following its recent correction phase. After facing sustained downward pressure, the popular meme coin seems to be regaining some stability as its price action begins to level out.

BitGuru pointed out that DOGE has managed to hold firmly near a key support level despite recent volatility. This steady price action near the base suggests that buyers are gradually stepping back in, showing confidence in the asset’s long-term potential. The chart structure is beginning to curve upward, which often precedes a breakout or a notable shift in market sentiment

He further explained that if this early momentum continues to develop, Dogecoin could be preparing for a breakout toward the $0.22–$0.25 range. A successful move in that direction would mark a meaningful recovery from its previous decline and could spark renewed interest from traders.