Dogecoin (Doge) price action shows that the upcoming rally to $0.27

Crypto analyst Rekt Capital analyzed the current Dogecoin price trend. He believes the meme coins may gather in the $0.2 range, but key levels need to be maintained to achieve this.

In X post, Rekt Capital revealed that Dogecoin's price has completed its weekly closing record at a preset high. He added that the meme coins are at a critical moment to convert their old resistance into new support and that signs are already shown on the daily chart. Then, analysts said that if Doge's resistance is above $0.20, Doge could rise to $0.27.

“Dogecoin has been closed for a week, with the lower schedule touching new support. If the lows hold, we will rally to $0.27 on the way to $0.37.”

In subsequent analysis, Rekt Capital mentioned again that if Dogecoin's price could support its old resistance, it could rise to $0.27. He also noted that Doge is now performing a retest of preset resistance to gain new support.

Crypto analyst Ali Martinez commented on the current price action, noting that the meme coins have reached a critical resistance zone. Based on this, Dogecoin prices may witness major revisions. However, crypto analyst Kenobi Master suggests meme coins can maintain this bullish momentum and gather to new highs.

In X post, Master Kenobi said he hopes Doge will experience a huge uptrend over the next five to six days and has the potential to reach a new all-time high (ATH) by this weekend. This forecast comes before Kenobi predicts Dogecoin price to $1 in June. He made this prediction when suggesting the Bulls run in 2017 and how long does Doge's rise last during the second phase of the Bulls run.

Crypto analyst forecast

In the X post, crypto analyst Trader Tardigrade revealed that a new Bull Pennant has been built on Doge's 4-hour chart and that the model is targeting $0.37. This is after the meme coin price bursts from resistance levels to $0.24.

Trader Tardigrade further asserted that Dogecoin's price remains optimistic. He highlights a “beautiful” head and shoulder pattern breakthrough, retesting and trend continuation. The chart he accompanied shows that the meme coins will witness the continued rise of more than $0.24.

The crypto analyst also mentioned that meme coins have just experienced a weekly bullish crossover of MACD. In another X post, Trader Tardigrade hints at the journey of Dogecoin price to $1.

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