Dogecoin Price Rally Alert: Is This the Start of a Major Bull Run?

Dogecoin is in a precarious situation, and analysts are monitoring a pivotal support level that could determine the next major price move. Crypto analyst Kevin pointed to the support level of $0.139 as the “last line of bull market support,” adding that the price must stay above this level to sustain bullish momentum. A strong weekly demand candle has formed at this zone, suggesting DOGE is establishing the area for the next major price move. Traders are currently looking at this area for possible upward price movements as a solid base.

Indicators Suggest Dogecoin Price Rally: A Momentum Shift

In addition to price levels, significant technical indicators are suggesting Dogecoin may be close to a shift in momentum. The 3-Day MACD, Weekly Stoch RSI and 2-Week Stoch RSI are all near reset levels—which is normally indicative of a diminishing downward pressure and a possible reversal ahead. Of course, Bitcoin is the main factor. While BTC can remain above $70K, DOGE’s ability to hold support and train momentum is optimistic. Any weakness in Bitcoin, however, could still hold DOGE down with it.

Traders Weigh Risk and Reward

From a trading angle, the Dogecoin price rally hinges on a high-risk, high-reward scenario. If Dogecoin stays above $0.139, the reward can potentially outweigh the risk. However, a weekly close below this level would negate the bullish outlook and likely trigger sell-offs. While we can’t assume an immediate breakout, this setup has put DOGE on traders’ radar. The focus is now on the DOGE market trends, price action, and indicators, which will provide additional insight into the next movement of the coin.

Price Analysis and DOGE Price Prediction

The trading session on 23rd March started with a moderate uptrend channel with bullish sentiment prevailing in the market. By 03:15 UTC, a death cross emerged, leading to a slight price correction. However, the uptrend channel continues. At 05:45 UTC, a golden cross appeared, boosting the bullish momentum and raising the prices even higher. At 8:10 UTC, a death cross along with an RSI overbought signal appeared, indicating price correction. But the buy side quickly overwhelmed the bearish signal and continued to rise. By 16:45 UTC, the coin prices entered a trading zone with key resistance and support levels standing at $0.175 and $0.169, respectively. 

Chart 1, Analyzed by Alokravantmedia published on March 24, 2025.

In the new trading zone, the prices continued the uptrend channel with occasional resistance from the sell side. The buying momentum got another push when a clear golden cross appeared at 18:35 UTC, starting a strong bull run. The prices soon eye the new resistance level and move towards it. By the start of the new trading day on 24th March, the prices touched the resistance level briefly before a death cross appeared by 1:00 UTC. The price fell to the level of $0.171 but quickly recovered when a golden cross formed by 02:15 UTC. The bullish momentum this time pushed for a breakout and entered a new trading range. 

Dogecoin’s Next Move: Sustained Rally or Short-Term Consolidation?

The price action of Dogecoin in recent sessions has been characterised by intense bullish momentum leading to a Dogecoin price rally with few corrections. Even when temporary setbacks occurred due to death crosses or RSI reaching overbought levels, buyers kept entering the market to keep the bullish DOGE market trends alive. The key areas of resistance and support around $0.175 and $0.169 have shaped the DOGE trading environment recently, with additional bullish sense created by golden crosses.

As DOGE enters a new trading range, the question is whether or not DOGE can keep its upward momentum or consolidate before creating some decisive action. With whales and sharks buying, and Bitcoin stabilizing will have a crucial effect, traders will be paying close attention to see evidence of breakouts or continued consolidation in the upcoming sessions. The DOGE price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.