If You Miss This Dogecoin Breakout, Dont Blame the Market

Dogecoin pricehas spent weeks under the crypto spotlight for all the wrong reasons—sliding prices, fading hype, and little sign of a bounce. But as June winds down, something subtle is shifting for Dogecoin. The charts are showing early signs of life again. With support holding firm and momentum indicators starting to turn, is DOGE price preparing for its next big move？

Dogecoin Price Prediction: Is DOGE Price Gearing Up for a Reversal？

DOGE/USD Daily Chart- TradingView

Dogecoin (DOGE) is currently trading around $0.1656, recovering from a steep correction over the past few weeks. The Heikin Ashi candles show a transition from red to green, hinting at reduced selling pressure and a possible trend reversal in play. The price is hovering just above support at $0.165, which aligns closely with the S1 pivot supportshown on the chart. This level has acted as a cushion twice in June, making it a critical point to watch for a potential bounce.

What is the RSI Telling Us？

The 14-day Relative Strength Index (RSI)stands at 39.42, still below the neutral 50 mark but rising. This signals that while DOGE price isn't in bullish territory yet, the bearish momentum is fading. A crossover above 40 and then 50 could be an early sign of bullish recovery. Previously, when the RSI rose from similar levels in mid-April, DOGE rallied over 45% in less than two weeks.

Lets do the math:

April rally from approx. $0.13 to $0.19 = $0.06 move, or ~46% gain

If a similar momentum plays out now from $0.165:

$0.165 × 1.46 = ~$0.24 price target

This implies $0.24is a realistic short-term target if momentum builds.

Dogecoin Price Prediction: Where Are the Key Resistance Zones？

Currently, the chart highlights a layered resistance zone between $0.18 and $0.20, marked by horizontal lines near pivot levels. If DOGE price crosses above $0.175, it will face the first real test at $0.186, followed by $0.198. These are historically significant zones where traders booked profits in May. If bulls reclaim $0.20, a move toward $0.24 could accelerate, as per the April-style breakout pattern.

Whats the Downside Risk from Here？

If support at $0.165 breaks, the next pivot support sits at $0.147(S2 level). A breakdown below this could drag Dogecoin price down to $0.125and even the psychological level of $0.10. However, the RSIs upward trajectory and recent green candles suggest this bearish scenario is losing strength—at least for now.

Is Dogecoin a Buy Right Now？

Dogecoin price is showing early signs of stabilization and trend reversal. The rising RSI, flattening support zone around $0.165, and historical breakout setup all point to a potential rebound. Traders should keep a close eye on $0.175 breakoutand RSI breaching 50. If both confirm, DOGE could easily retest $0.20–$0.24in the coming weeks.