The Dogecoin price in the past couple of days has pulled back from its late July highs of $0.28, which is now testing critical support levels near $0.20. Despite short-term weakness, the memecoin still maintains a structurally bullish outlook.
When writing, several chart patterns and experts are signaling a potential rally toward the much-anticipated $1 mark before the end of 2025.
Dogecoin Price Tests Support Amid Broader Market Weakness
Currently, the Dogecoin price today has dropped below the 50-day and 200-day exponential moving averages and is exchanging hands at $0.207. This price action is due to recent macroeconomic headwinds, such as the introduction of import tariffs by President Trump and a more cautious positioning on the part of the Federal Reserve.
This has led to a risk-off environment which caused capital flow to leave the high-risk cryptos into much safer assets. As a result, DOGE price USD has come under pressure, with traders closely watching these support levels for potential reversal signals.
RSI Signals Reversal on 4-Hour DOGE Price Chart
Despite the drop, momentum indicators on shorter timeframes point to a possible bullish reversal. A recent analysis of the DOGE price chart on the 4-hour timeframe shows the Relative Strength Index (RSI) has rebounded above 50, often an early signal of shifting momentum.
This bounce, described as a “reversal spike,” suggests the meme coin could enter a new mid-term uptrend, as buyers begin to step in. Market watchers are now looking for confirmation of this trend continuation in the coming days.
Trendline Support and Wedge Formation Fuel $1 DOGE Price Prediction
Zooming out to the daily chart, Dogecoin price prediction models remain optimistic. The coin continues to respect a rising trendline support while encountering a curly resistance zone. Analysts believe this technical structure favors a steady recovery.
On the weekly timeframe, the DOGE price chart shows a broadening ascending wedge, which is typically considered a bullish continuation pattern. If DOGE breaks above $1 as expected, then projections stretch toward $1.4 by year-end. These levels are supported by long-term price action that has continued to respect bullish structure over months.
Smart Money Eyes Long-Term Rally in Dogecoin
While retail sentiment remains mixed, the overall Dogecoin price forecast suggests that smart money may be quietly accumulating. The convergence of multiple bullish signals across timeframes from the 4-hour RSI recovery to the broadening wedge on the weekly chart, this adds credibility to a sustained upward move.
If momentum continues to build, Dogecoin price USD could quickly reclaim its July highs and advance toward psychological resistance zones at $0.40, $0.60, and eventually the elusive $1 level.
