Dogecoin Eyes $0.15 Rally as Analysts Spot Bullish Signals

Analyst Trader Tardigrade has identified a critical bullish signal for Dogecoin, noting that the price has rebounded from the Kumo support level. This technical development, flagged in an X post, suggests a potential rally above $0.15. Furthermore, Trader Tardigrade revealed that Dogecoin has formed a bull flag pattern on its weekly chart, with the formation setting a target near the $0.195 price level. A successful move to this target would bring DOGE close to the significant psychological barrier of $0.20, with a break above potentially paving the way for new local highs.

This technical optimism is echoed by other analysts. Crypto Tony has highlighted the $0.154 level as a critical resistance point for Dogecoin’s next leg upward. His analysis indicates that a decisive reclaim of this level could spark a rally extending above $0.16. The convergence of these technical targets around the $0.15-$0.195 zone underscores a growing consensus among chart watchers that Dogecoin is primed for a significant move, provided it can overcome immediate resistance levels.

The bullish signals for Dogecoin emerge against the backdrop of a resurgent crypto market, spearheaded by Bitcoin’s rally to a new yearly high above $97,000. Analyst Kevin Capital contextualized Dogecoin’s price action within this broader trend, noting that DOGE, like BTC and many other altcoins, has successfully retested its key 4-hour moving averages after breaking out. He stated that a successful retest followed by a new local high—specifically a break above $0.157—would be further evidence that Dogecoin’s major corrective phase has ended.

While technicals and market sentiment align, on-chain fund flow data presents a more nuanced picture. According to SoSoValue, Dogecoin-themed exchange-traded funds (ETFs) recorded zero inflows as recently as January 14, despite the coin’s price rebound. However, analysts suggest this could change swiftly. Historical precedent shows these funds saw increased demand at the start of the year, coinciding with a period when DOGE rallied to as high as $0.15 and ranked among the best-performing top-10 crypto assets. Renewed inflows into these ETFs could provide additional fuel for the bullish price predictions.

Beyond the immediate technical outlook, some analysts are examining Dogecoin through a much longer-term, macro-cycle lens. Analyst Bitcoinsensus has suggested a highly ambitious scenario where Dogecoin could rally to as high as $4.5 if it repeats its historical macro cycle pattern. The analyst noted that in the current cycle, the meme coin has largely maintained its ground and traded sideways, leaving open the question of whether this cycle can be as explosive as previous ones. This ultra-bullish prediction, while speculative, highlights the enduring narrative power and volatility potential associated with DOGE.

At the time of writing, the Dogecoin price is trading at around $0.143, reflecting a minor dip over the last 24 hours according to CoinMarketCap data. This consolidation near key resistance levels is being interpreted by analysts like Kevin Capital as a potential setup for the next move. The immediate battle lines are drawn: a break and hold above $0.154-$0.157 could confirm the bullish thesis and trigger the projected rally, while failure could see the coin revert to its recent sideways pattern. The outcome will depend on Dogecoin’s ability to capitalize on the positive technical signals and sustained momentum from the broader crypto market rally led by Bitcoin.