Dogecoin price shows bullish signals—Is the $1 price still feasible?

The price of Dogecoin has once again become the center of attention after a series of bullish signals appeared on the technical chart and traders on social media. With the RSI indicators showing recovery potential and the historical trend line being maintained, traders are once again questioning: is the $1 level still feasible? The price is trading near the downward sloping red trendline, which has often acted as a resistance and support level. According to the chart from trader Master Kenobi, the structure of Dogecoin is currently testing that trend line once again—reflecting a bullish trend in September 2024. The analyst notes two support levels: the downward sloping red line and the static yellow horizontal level at $0.0900. RSI indicates a potential recovery zone On March 28, trader Tardigrade marked the weekly relative strength index of DOGE (RSI) as a potential bottom signal. "DOGE: 1 dollar is on the way," he posted, citing the strength of momentum indicators.

FISHER provides a broader technical perspective, citing DOGE's RSI at 79.31, the MACD crossover, and the KDJ at 85.94—each historically bullish, though the RSI remains overbought. He writes, arguing that the motivation remains in favor of buyers, The technical indicators are showing optimistic signals.

The Bollinger Bands also indicate that the price is within the upper range, suggesting that the strong bullish trend is still intact, at least at this moment. Will the price of Dogecoin repeat the breakthrough level in 2024 or will it drop below 0.09 dollars? The price movement of Dogecoin is currently fluctuating near the red downward trend line—the area that served as support during the recovery in September 2024. Analyst Master Kenobi has highlighted two key support areas: the red trend line and the horizontal level at $0.0900.

Kenobi noted that DOGE may still be oversold without a stronger reversal, "The main indicator is still at the bottom." However, if the buyers can defend the trend line, DOGE may target the range of $0.1100–$0.1200, reversing the short-term sentiment.

Optimistic stories continue to attract attention on social media. CryptoELlTES predicts the price will rise to $5, believing that DOGE is mimicking previous cycles. "This is DOGE's turn," they posted, referring to Bitcoin's recovery from the $15,000 level and linking it to the current situation of Dogecoin.

On-chain metrics indicate consistent activity, supporting the narrative. Analyst Ali reported that Dogecoin processed 41,132 transactions in 24 hours, with an average fee of 0.534 DOGE—equivalent to about $3,900. The next move of DOGE may depend on whether the red trend line acts as a launch pad or a trap. DOGE must hold support or reverse the risk If the price of Dogecoin stays above the level of $0.0900, traders expect the price to rise to the range of $0.1100–$0.1200. However, if this is not done, a deeper bearish move may occur and completely reset the market's growth momentum. As Master Kenobi mentioned in his post, breaking through both of these support levels would suggest that it's "see you later" in the current bullish trend.