Dogecoin (DOGE) is pressing into a technically important decision area after a sharp bounce, but multiple chart reads from multiple respected crypto analysts converge on the same point: the rally only graduates from “relief” to “reversal” if DOGE can clear the mid-$0.15s and put in a fresh local high.
Dogecoin Rallies, But The Real Test Is $0.157
The framing by Kevin (Kev_Capital_TA) is explicit about what confirmation looks like. “Dogecoin like BTC and many other Altcoins came back and successfully tested its key 4HR MA’s after breaking out of them in an attempt to end its major corrective phase. A successful retest followed by a new local high will be further evidence the corrective phase ended in the exact zone we said it would. A new high would be a break of .157 cents.”
On Kevin’s 4-hour view, DOGE spent months trending lower while repeatedly failing at declining moving-average bands, the chart marks several prior rejections. The recent push higher is notable because price reclaimed those averages and then pulled back into them, holding the retest rather than rolling straight over. That behavior is consistent with a regime attempting to rotate from “sell-the-rip” to “buy-the-dip,” but the chart makes clear the market is still trading beneath a broader downtrend structure unless it can force a higher high.
Cantonese Cat’s daily snapshot captures where that friction is showing up in real time. The latest candle closes at $0.1486 after printing $0.1508 on the day, effectively tagging into the same area where sellers have leaned in before.
He writes: “DOGE is putting in another bullish daily candle that engulfs the last 5 bearish candles.” While this is an bullish signal a short-term impulsive move, a new higher high still needs to be accomplished by the Dogecoin bulls.
@BigCheds’ daily panel underscores why the mid-$0.15s matter: DOGE remains under heavier trend measures, with the 34-day EMA at $0.1828 and the 200-day SMA at $0.2212 still well overhead.
Bollinger Bands show DOGE rebounding out of low-end compression, with the lower band around $0.11, the basis near $0.135, and the upper band close to $0.16. Price first bounced off the lower band, pushed through the basis and tagged the upper band, then retraced to the basis, held the retest, and is now rotating back toward the upper envelope.
The setup is clear: holding above the reclaimed short-term averages and clearing $0.157 would complete the “retest, then higher high” sequence Kevin is watching, while also forcing price through the daily supply zone Big Cheds has boxed out. A renewed push into the upper Bollinger Band would add confirmation that momentum is expanding in the direction of the move.
Failure to clear that zone, followed by a slip back under the reclaimed MA area, would shift attention to $0.1319 first, then $0.1208, with $0.1068 as the deeper line in the sand shown on the chart.
At press time, DOGE traded at $0.14768.
Source: https://www.newsbtc.com/news/dogecoin/dogecoin-bulls-dont-celebrate-too-early-this-level/
