DOGE price prediction: Strong Rebound tests the second support level, potentially becoming the starting point for a new uptrend.

Today (4th) in the Asian early session, DOGE continued its strong rebound from last night, trading around 0.1724 USD. With DOGE showing upward momentum, cryptocurrency analysts expect that its new round of upward trend will continue as key bullish technical signals emerge.

DOGE Second Support Level Again

The price of DOGE has returned above the key resistance level that previously limited its rise. After experiencing a prolonged bearish market, this dog-themed meme coin may soon welcome a much-needed rebound in the short term.

Crypto Assets expert and trader Tardigrade outlined a bullish technical signal suggesting DOGE may pump. The expert's analysis shows that DOGE has recently retested a key support level for the second time.

The phenomenon observed on the weekly chart of repeatedly rebounding from the same price bottom may become the starting point for a new round of upward trend, with the target price expected to rise further. This repeated rebound demonstrates the strong stability and resilience of DOGE during volatile periods.

(Source: X)

From the chart, DOGE has shown a significant upward trend after touching the support trend line that appeared last September. As DOGE retests this key trend line, trader Tardigrade believes that the price of DOGE will rebound strongly like before.

Once the Rebound is confirmed and reflects the previous results, DOGE may break through the price range of 0.90 USD in the coming months, setting a new historical high, and possibly peak during this bullish market cycle. As bullish momentum strengthens again, this trend is likely to end the current bearish trend of DOGE.

Key charts suggest DOGE is about to Rebound

The price of DOGE continues to show signs of a shift from a downward trend to an upward trend. Trader Tardigrade delved into the price movement of DOGE within the 1-day time frame, pointing out that this meme coin has formed a key pattern, particularly the ascending channel pattern.

The ascending channel pattern is a technical formation characterized by two upward-sloping parallel trend lines connecting higher highs and higher lows. This pattern indicates a period of price consolidation within an uptrend, and a breakout may trigger a Rebound.

Trader Tardigrade emphasized that DOGE is currently at the lower support level of an ascending channel pattern, expecting it to break upwards. Once DOGE surges upwards, its upper line will become the next key resistance level, located at $0.176.

DOGE's trading volume has grown by 105% over the past day, indicating that the market is regaining a new sense of optimism.