Dogecoin has experienced a significant price decline but is showing signs of a possible trend reversal according to analysts.
Trader Tardigrade suggests a bullish comeback for Dogecoin as a key cross approaches on the Moving Average Convergence Divergence (MACD) indicator.
A macro Cup and Handle pattern on the weekly chart indicates a potential significant rally for DOGE, with a predicted price target of $2.85 by 2026.
Another analyst, Mind Trader, predicts a 260% surge for Dogecoin based on a previous move, expecting a break above the week 21 Simple Moving Average to reignite positive momentum.