Dogecoin Recovery Push Continues, But Bears Still Threaten One Final Drop

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<a href="https://bbg-news.com/doge-usd/">Dogecoin</a> Recovery Push Continues, But Bears Still Threaten One Final Drop

Dogecoin is showing some positive movement, with buyers slowly increasing the price after recent drops. While things are looking up, the overall market still suggests being careful, as sellers are trying to prevent the price from rising too much.

Building Momentum Ahead Of Potential Breakout

Dogecoin is slowly but steadily increasing in value, and crypto analyst Caligh suggests this kind of gradual growth often precedes a sudden, large price increase. Experienced traders know that DOGE can quickly gain momentum, turning a period of quiet buying into a rapid surge in price.

According to Caligh, Dogecoin isn’t just a typical meme coin. It’s often indicated that money is starting to flow back into the broader market of alternative cryptocurrencies (altcoins). Specifically, whenever Dogecoin’s price rises sharply, it tends to happen alongside increased interest and investment in other altcoins, especially since Ethereum‘s market share decreased after 2021.

Caligh pointed out that the market’s current period of consolidation can be frustrating for traders, as prices tend to move sideways before a significant jump. However, these slow and uncertain times often build the base for much bigger price increases in the future.

Caligh advises traders to get in early, before prices jump significantly. He suggests it’s better to wait and carefully build a position during quieter periods, rather than rushing in when the altcoin market is already rapidly increasing, driven by fear of missing out. This patient approach could lead to better opportunities.

Dogecoin Recovery Rally Remains Corrective For Now

According to crypto analyst MCO Global, Dogecoin is continuing to rise, but within a typical bounce-back pattern after a drop. While the price has recovered somewhat, it hasn’t shown a strong, sustained upward trend, so the overall forecast remains cautious.

The analyst notes that the price is approaching several key levels where it might encounter resistance. Initial resistance is expected around $0.118, with a stronger barrier at $0.133, which also corresponds to a Fibonacci retracement level. If the price continues to rise, potential targets are around $0.156 and $0.183.

MCO Global has highlighted $0.105 and $0.089 as key support levels. If the price stays above these levels, the current recovery could continue. However, falling below them might indicate a loss of upward momentum in the short term.

While we’ve seen a recent price increase, my analysis of the overall chart pattern still suggests a potential for another significant drop, possibly down to the $0.058 to $0.047 area. To change my bearish view, I’d need to see a strong, decisive move *above* current resistance levels – that would signal a genuine trend reversal.

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2026-05-15 23:32