Dogecoin has been making waves to this point on this bull market. Recently, the meme coin experienced a significant price crash after recording double-digit features and rallying to new highs earlier this 12 months. Despite the cryptocurrency’s declining momentum, a seasoned crypto analyst has highlighted strategic entry factors and potential upside targets for DOGE. The analyst additionally supplied a radical breakdown of Dogecoin’s bullish developments for traders contemplating shopping for the meme coin.
Analyst Shares Dogecoin Bullish Developments And Buy Strategy
In a latest X (previously Twitter) post on February 4, crypto analyst Anbessa shared a technical evaluation of Dogecoin’s price movements and bullish developments. The analyst disclosed that he had entered the market at an early stage of $0.09, presumably resulting from conviction in its potential and for the enticing meme tradition. He claimed it was the most effective entry level, as he had caught a local bottom.
Following the $0.09 entry, the asset skilled a bullish breakout, surging 5X and skyrocketing to key resistance on the 0.786 Fibonacci degree. This key degree is often used to determine potential value reversal zones; nevertheless, on this case, it marked the start of a “throwback” transfer for Dogecoin.
After its sharp 5X rally, Dogecoin’s current value motion has entered a throwback part. This implies that its price is now correcting to retest earlier assist ranges. According to the info from CoinMarketCap, DOGE plummeted by a staggering 20.1% within the final seven days. This huge value correction marks one of many highest in 2025. Moreover, Dogecoin’s value plunged over 30% over the previous month.
Presenting a value chart, Anbessa has pinpointed the $0.26 value level as a vital space the place Dogecoin may discover potential assist earlier than persevering with its upward momentum. Interestingly, this key assist degree additionally aligns with Dogecoin’s Ascending Channel resistance, which the dealer predicts a retest could happen.
Sharing a bullish outlook for the meme coin, Anbessa disclosed that DOGE/BTC is presently retesting a breakout from a long-term Falling Wedge pattern on the High Time Frame (HTF). This sample is often seen as a traditionally bullish construction, signaling a possible price reversal to the upside.
Anbessa has predicted that if this Falling Wedge breakout retest holds, a bullish continuation rally is anticipated, doubtlessly resulting in a new all-time high for Dogecoin. The analyst has set his DOGE ATH goal above the 1.00 Fibonacci degree at $0.77. He additionally famous that bullish catalysts like Elon Musk’s tweets about DOGE have zero impact on the meme coin’s value motion at this present market stage.
Is Now A Good Time To Buy DOGE?
Based on Anbessa’s evaluation, Dogecoin’s latest value motion aligns with traditional bullish patterns, suggesting that its present pullback to the $0.26 degree might be a buying opportunity. If assist holds, the analyst expects DOGE to expertise one other leg up, doubtlessly reaching a brand new ATH.
However, the market remains volatile as ever, and traders ought to acknowledge that almost all predictions are purely speculative. As such, value actions from unstable belongings like Dogecoin can be unpredictable, pushed by hype, social media developments, public sentiment, and sudden market adjustments.
Featured picture from Adobe Stock, chart from Tradingview.com
