Dogecoin (DOGE) is showing early signs of a bullish turnaround after a turbulent few weeks, according to crypto trader BitGuru, who shared a detailed analysis on social platform X. The meme-favorite cryptocurrency has found strong support at the $0.155 level—a zone now being watched closely as a springboard for the next potential leg up.
Market Finds Its Footing Amid Volatility
Since early March 2025, Dogecoin has experienced wide price swings, dropping from a high near $0.22 down to $0.16. Following this decline, DOGE entered a period of consolidation between $0.16 and $0.17, a familiar technical pattern that previously preceded a sharp rally toward $0.21. The recent pullback to around $0.155, however, appears to be forming a solid base rather than a signal of continued weakness.
According to BitGuru, this $0.155 level is more than just a psychological support—it’s a technically significant area that was once resistance in late 2024 and has now flipped into support. Dogecoin’s ability to repeatedly bounce off this region suggests underlying strength despite the current consolidation phase.
Bullish Setup Targets $0.17 in Near Term
The current price action points to a potential rounded retracement pattern—a bullish formation that often leads to an upward continuation when sentiment improves. BitGuru’s analysis suggests that if the $0.155 support level continues to hold, Dogecoin could attempt another move higher with an initial target around $0.17. This zone represents the next key resistance level and coincides with a price ceiling established during the last downward swing.
Should the price break above $0.17 convincingly, analysts believe the door could open for a push toward the $0.18 to $0.20 region—levels last seen in late March. This would mark a significant recovery for DOGE and could shift short-term market sentiment back into bullish territory.
Critical Support Level to Watch
However, the bullish outlook depends heavily on the continued defense of the $0.155 support. If Dogecoin fails to maintain this floor amid increased selling pressure, the price could slide further, with downside targets near $0.13 and potentially as low as $0.11. A drop of this magnitude would effectively erase months of gains and signal a deeper correction phase.
For now, traders are keeping a close eye on this pivotal support level as the meme coin tries to build momentum. As consolidation continues, Dogecoin’s next move may determine whether it’s gearing up for a fresh breakout or bracing for another round of declines.
