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Despite recent bearish pressure in the crypto market, Dogecoin (DOGE) is showing signs of resilience, holding above the crucial $0.18 support level.
After slipping below the $0.20 threshold, DOGE continues to attract bullish speculation, particularly as it approaches a critical RSI level on the 4-hour chart.
Crypto analyst KrissPax highlights that Dogecoin’s RSI is nearing the same level that triggered a 70% rally in June 2025. Back then, DOGE surged from $0.14 to over $0.24 within a month.
With the current RSI trajectory aligning closely with past patterns, traders are watching for a similar uptrend, this time potentially pushing DOGE to $0.34, especially with its higher low structure forming.
Institutional Accumulation Fuels Dogecoin Optimism
Adding fuel to the fire, large Dogecoin whales have accumulated over 1 billion DOGE in just 48 hours, signaling growing confidence among institutional investors. Historically, such accumulation often precedes major price moves.
Analysts now speculate that September could see DOGE breaking past key resistance levels at $0.50, with some even eyeing a long-term target of $1 if bullish momentum sustains.
Technically, DOGE is also forming a bullish megaphone pattern, which could pave the way for extended upside if confirmed. The coin is also trading within the historical accumulation zone of $0.15–$0.22, a range that previously triggered exponential rallies.
DOGE's price moving sideways on the daily chart. Source: DOGEUSD on Tradingview
Can Dogecoin (DOGE) Beat Market Expectations in Q3?
Though the broader meme coin sector has underperformed this cycle, Dogecoin’s technical setup tells a different story.
According to past posts from X analyst Trader Tardigrade, DOGE has already completed two significant bottoms in a classic reversal pattern, with a third forming. If history repeats, this structure could precede another breakout.
Additionally, CoinCodex predicts a 16% rise in DOGE price by early September, targeting $0.24. With a neutral sentiment and Fear & Greed Index at 64 (greed), market conditions appear ripe for a rebound.
If DOGE can maintain support above $0.18 and follow through with historical RSI-driven rallies, the meme coin could surprise investors with a strong Q3 performance.
Cover image from ChatGPT, DOGEUSD chart from Tradingview
