Coinpaper 2026-02-21 03:00:17

Dogecoin Price Eyes $0.74 After Signs of 500% Upside Potential

Dogecoin (DOGE) is currently changing hands at $0.09846, up 2.7% over the past 24 hours, indicating strengthening short-term bullish momentum across the market. Buyers have shown renewed confidence after recent weakness and are actively defending key price levels. Price has reclaimed the $0.0975 area, helping shift sentiment in a more positive direction. This recovery reflects increasing demand and improved participation from traders. If buying pressure remains steady, DOGE could attempt a move toward the $0.0995 to $0.100 resistance zone. Dogecoin Eyes $0.73905 as Key Upside Targets Remain in Play According to JAVON⚡️MARKS’ chart highlights Dogecoin’s repeating macro breakout structure. After each correction, DOGE forms a falling wedge before launching higher. Every breakout previously pushed the price to a new all-time high. The last major peak reached approximately $0.73905. Current price action is holding above a rising macro trendline. This support structure mirrors previous pre-expansion phases. The pattern suggests the broader bullish cycle remains intact. The analyst states there are no targets below $0.6533. A move toward $0.73905 would retest the prior all-time high. From the $0.10–$0.12 region, this implies massive upside potential. The projected move represents roughly 550% to 640% gains. Similar percentage rallies occurred in prior cycles. Holding higher lows keeps the bullish structure valid. A breakout could send DOGE toward $0.65–$0.74 and beyond. Dogecoin Shows Signs of Short-Term Bounce Amid Prolonged Downtrend Dogecoin remains in a clear downtrend on the daily chart, with price trading near $0.098. Lower highs are visible after repeated rejections below the $0.100–$0.102 resistance zone. Support has weakened around $0.095, with sellers defending rallies aggressively. Unless price reclaims above $0.10, the bearish structure stays intact. The MACD remains below the signal line, confirming bearish momentum, though histogram bars are shrinking, suggesting selling pressure is slowing. The relative strength index (RSI) is near 42, recovering from lower levels, which indicates reduced downside strength but not bullish momentum yet

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