Price Dowecoin (Doge): The most important technical levels could soon signal a significant trend reversal

• Dogecoin is currently testing his 100-week SMA, a technical level that was historically important prize movements
• New Dogecoin address The creation has increased in just one month from 16,400 to 34,600
• Several analysts project potential price goals of $ 2.80 up to 20 US dollars
• Doge has retained the support at a critical level of $ 0.16 within its long -term rising channel
• Despite a monthly decline of 33.8%, Dogecoin has increased by 1.3% compared to the previous year

Dogecoin has experienced chopped water under the latest market conditions. The popular Meme cryptocurrency has increased by 1% in the past 24 hours, but has dropped by 17.2% and 33.8% last month.

Data for the year draw a somewhat more positive picture. Dogge has managed to record a profit of 1.3% in the past twelve months, which, despite the recent turbulence, shows some perseverance.

Technical analysts are now focusing on several important indicators that could predict the next big step of Doge. At the center of this analysis is 100-week-free moving average (SMA).

This special moving average has proven to be a reliable indicator of Dogecoin in previous market cycles. According to X Platform Analyst Trader Tarderrade, this level has marked important trend shifts in the past.

Historical data support this observation. During the 2017-2018 bull market, Dotecoin collapsed over the 100-week SMA before starting a strong upward trend.

The pattern was repeated during the 2020-2021 bull run. After crossing this most important technical level, Doge rose dramatically and later found support on the same line during the retreat.

Today Dogecoin is testing this critical level again. A successful break could form the prerequisites for a rally of $ 2.80 US dollars, based on the forecasts of Trader Tarderrade.

The relative strength index (RSI) offers another positive signal. Current diagrams show that Doge has entered an oversized area, an illness that historically preceded the price documents and subsequent rallies.

This technical setup was reliable in the past. When Doge forms a low and then creates a lower low while the RSI is oversold, it has often signaled the beginning of new bullish phases.

Another technical formation has attracted the attention of analyst cryptoelites. The expert points to a symmetrical triangle breakout pattern that forms in Dogecoin's price campaign that could drive the token towards 5 US dollars.

On-chain metrics also show strength despite the price weakness. Glassnode data show that new Doge Wallet addresses have more than doubled in just one month.

The number rose from 16,400 on February 8 to 34,600 to March 10th. This fast growth of network launch is often preceded by a positive price campaign on the cryptocurrency market.

Ali Martinez, a respected market analyst, has brought an even more optimistic scenario. He suggests that Dogecoin could increase by 11,811% to achieve $ 20 if it maintains support at the decisive level of USD 0.16.

Martinez points out that Dogecoin has been trending within an ascending channel since 2015. The current price is close to the lower border of this channel, which was strong support as strong support during the previous downturn.

If this support holds on, Martinez believes that Doge could jump into the middle or upper limits of the rising channel. These goals correspond to the extension of 1.272 and 1.618 Fibonacci at $ 2.77 or $ 20.

This extremely optimistic prediction is not without precedent. Analyst Javon Marks previously explained that a price target of $ 20 for Dogecoin is realistic under the right market conditions.

At the time of the latest market data on March 13, 2025, Dotecoin acts at around $ 0.17. This has been an increase of 2% since the start of the trading day.

The most recent price campaign shows that Doge maintains the position above the critical support level of $ 0.16, which closely observes many analysts. A decline under this threshold could invalidate the optimistic outlook.

The significant increase in the new wallet provides evidence of a growing interest in the Dotecoin ecosystem. This metric has more than doubled from 16,400 to 34,600 in just one month.

Technical indicators in combination with robust network growth indicate that Dotecoin may be prepared for a potential reversal. The cryptocurrency must first clarify the immediate level of resistance in order to confirm this bullish thesis.