Dogecoin ends complex pullback, holds key support, and signals potential breakout as bulls target $0.60 to $1.00 range.
Dogecoin (DOGE) is showing signs of recovery as technical patterns indicate the end of a complex pullback phase.
Market data suggests a breakout may be underway, with bulls preparing for the next move. Weekly and intraday charts show repeated structure patterns that have previously led to upward price movements.
Complex Pullback Patterns Show Recurring Structure
On the weekly chart, Dogecoin has formed a recurring structure with three visible phases of complex pullbacks followed by upward trends.
The most recent pullback lasted from late 2024 to late 2025, showing a multi-month period of correction with lower highs and lower lows. This correction was contained within a rounded bottom formation and held support between $0.12 and $0.15.
Previous cycles also showed a similar structure, where multi-wave corrections were followed by a breakout and price rally. In each case, the price rebounded after touching long-term support, creating a pattern that traders are watching closely.
As the descending resistance line broke recently, the chart now shows the potential for the next rally phase to begin.
Technical analysis points to a bullish setup if the structure repeats. A breakout above the resistance could send the price toward $0.60 or higher. Traders are monitoring volume and structure confirmation before entering new positions.
Parallel Channel Indicates Short-Term Range Behavior
The 4-hour chart shows DOGE trading inside a horizontal parallel channel between $0.134 and $0.157. This structure has held over the past two weeks, with price bouncing off both resistance and support multiple times. The short-term trend remains sideways while bulls attempt to maintain the support zone.
The lower end of the channel continues to act as demand, where buyers step in to defend the price level. The chart also shows a possible price bounce toward the top of the channel, which may push DOGE closer to $0.157 again.
Breakouts from this level could push the coin higher in the short term.
A momentum indicator, Rate of Change (ROC), shows a divergence forming. While price reached new lows, the ROC has formed higher lows, signaling reduced downside pressure. If this trend continues, momentum may shift in favor of buyers.
Related Reading:Ā Dogecoin Trades Above $0.15 as Bulls Prepare for Next Move
Traders Watch for Confirmation of Breakout
Market participants are watching for a confirmed breakout from both the weekly structure and the short-term parallel channel. A confirmed breakout above $0.157 on the 4-hour chart could align with the longer-term bullish pattern. This would increase confidence among traders and investors expecting a potential rally.
The current price setup also shows a break of the descending resistance line from the weekly chart. Combined with higher lows on momentum tools, the setup favors an upward bias. However, if DOGE fails to hold the $0.133 support level, further downside could follow.
Dogecoinās price will likely depend on broader market conditions and volume confirmation. As the structure shows repeated behavior, traders will continue to track price responses at key levels.
Source: https://www.livebitcoinnews.com/dogecoin-recovery-grows-as-complex-pullback-ends-and-bulls-prepare-for-pump/
