DOGE has the opportunity to rise to $0.3 – These are the signals to pay attention to.

Dogecoin (DOGE) shows a strong bounce back trend, as the technical indicators are approaching a multi-signal convergence zone.

Analysts tracking DOGE price action indicate that similar patterns are currently emerging and the RSI indicator is showing a tendency to align. Therefore, an upward momentum is forming, with the potential for Dogecoin to bounce back to the target price zone of $0.3.

The bullish wedge pattern of DOGE recalls previous breakouts

Notably, the DOGE price chart shows that this memecoin is forming a rising wedge pattern after completing 2 rounded bottoms.

Trader Tardigrade believes that this trend has a layout very similar to the developments in 2023 and the first half of 2024.

Dogecoin price chart 1 day | Source: TardigradeAdditionally, in similar past cases, each cycle started with a bottom formation phase, followed by a stable price increase, breaking out of the wedge pattern with a significant increase in trading volume.

In the most recent case, the wedge pattern began to form from June 2025. The price of Dogecoin has been rising in a consolidation trend, continuously creating higher lows.

This structure is characterized by gradually narrowing price fluctuations within the range of upward-sloping trend lines.

According to chart analyses, the likelihood of a breakout from this pattern will be higher if there was a previous accumulation phase at the support zone — especially when the price has reacted positively in similar chart areas in the past.

RSI indicator bounces back, reinforcing the upward trend in the price channel

In addition to the ascending wedge pattern, the price is also moving within an upward trend channel on the daily chart.

From the beginning of April 2025, the two upper and lower trend lines of this channel have established a framework for price movement, helping to guide the price action of Dogecoin in recent times.

Dogecoin price chart 1 day | Source: TardigradeThe price of DOGE has continuously touched the lower support line and bounced back, moving towards the upper resistance line. This memecoin follows the price channel pattern over multiple cycles, indicating a clear directional trend.

At the same time, the Relative Strength Index (RSI) also recorded distinct fluctuations, accurately reflecting these price movements.

In June, when DOGE hit the lower boundary of the price channel, the RSI also fell into the oversold zone and began a steady upward trend. This trend has repeated several times in the past: each time the RSI bounces back from the 30 mark, the price of DOGE witnesses a distinct recovery.

Currently, the RSI is showing a rebound trend, reinforcing the possibility of extending the current bullish phase.

Double bottom pattern reinforces bullish signal for DOGE

Another technical indicator that also appears on the Dogecoin price chart is the double bottom pattern around the 0.15 dollar support zone.

Notably, this price level has acted as a strong support zone in recent months. Recent price movements also show that DOGE has touched this zone twice, with an average bounce back in between — indicating that a double bottom pattern is gradually being established.

Dogecoin price chart 1 day | Source: HardyIf the price of DOGE continues to rise and firmly surpass the zone of 0.18–0.19 dollars, this will confirm the double bottom pattern. This could signal a reversal to an uptrend.

The double bottom pattern is usually confirmed when it shows a changing market structure, as the sellers lose strength and the buyers start to return. The neckline of the pattern is around the $0.18 level.

Moreover, breaking this level could pave the way for higher resistance levels at 0.25 dollars and 0.3 dollars. These price levels correspond to previous support zones that have become resistance on the long-term chart.

At the time of writing, the price of DOGE is trading at $0.18, up 3.4% in the past 24 hours, holding steady above the support zone of $0.17 and heading towards the potential breakout of the resistance zone around $0.20.

Minh Anh