Dogecoin Price Sees Potential Rebound, Could It Reach $1 Again?

After a period of sideways movement, Dogecoin (DOGE) price is back in focus with several bullish signals emerging from technical analysis and social media chatter. Recent trends suggest the potential for a price rebound toward or even past the $1 mark once again. 2024’s notable bounce serves as a precedent. The price has reached near the long-standing descending trendline, which has acted both as resistance and support in the past. Key levels of support have been identified: a red descending trendline and a static yellow horizontal level at $0.0900. 79.31 is the RSI reading of DOGE’s weekly chart. It’s also worth noting that technical indicators including MACD crossover and KDJ reading, are all historically bullish. The price action has been strong even though RSI levels remain overbought; this suggests a continuation of the bullish momentum.