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>>Dogecoin's price targets $0.74 following indications of a potential 500% increase.

Dogecoin's price targets $0.74 following indications of a potential 500% increase.

crypthub

about 16 hours ago

Current Price and Momentum

Dogecoin (DOGE) trades at $0.09846, up 2.7% in 24 hours, showing renewed short-term bullish momentum. Buyers are defending key levels after recent weakness, reclaiming the $0.0975 area and improving market sentiment. This recovery suggests growing demand and trader participation, with potential for a push toward $0.0995–$0.100 resistance.

Technical Pattern and Targets

Analyst JAVON⚡️MARKS highlights Dogecoin’s repeating macro breakout structure, with falling wedges preceding prior all-time highs of $0.73905. Current price holds above a rising trendline, reinforcing the bullish cycle. A move toward $0.73905 could retest the prior peak, implying 550%–640% gains from the $0.10–$0.12 range, mirroring historical cycles.

Downtrend and Indicator Signals

Dogecoin remains in a daily downtrend near $0.098, with lower highs and weak support around $0.095. Sellers dominate below $0.100–$0.102 resistance. MACD shows bearish momentum but shrinking histogram bars, indicating slowing selling pressure. RSI at 42 suggests reduced downside strength, though bullish momentum has not yet formed.