{"id":64155,"date":"2025-05-05T06:30:35","date_gmt":"2025-05-05T06:30:35","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=64155"},"modified":"2025-05-05T06:30:35","modified_gmt":"2025-05-05T06:30:35","slug":"dogecoin-price-hit-an-early-bottom-why-0-35-is-still-possible","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=64155","title":{"rendered":"Dogecoin Price Hit An Early Bottom? Why $0.35 Is Still Possible"},"content":{"rendered":"

Dogecoin saw its price crash once again after a month of upward movement<\/a> in April. This downturn has affected sentiment once again, pushing investors back into the fear territory. However, this might only be a small blip in the radar as the Dogecoin price could be ready for a rebound. One crypto analyst in particular has said that it is possible that the Dogecoin price has marked a bottom.<\/p>\n

Dogecoin Price Might Have Bottomed After Crash<\/h2>\n

Crypto analyst Astronomer has called<\/a> a possible bottom for the Dogecoin price after the rejection from $0.18. The analyst points out that the last time that the meme coin had similar fundamentals was back in October 2024, before the Dogecoin price rallied around 500% to a new local peak of $0.5.<\/p>\n

This time around, the crypto analyst believes that the current fundamentals is the same as back in 2024, as the altcoin market would be bottoming out<\/a>. But this time around, Astronomer is expecting that the Dogecoin price would rally higher than it did before.<\/p>\n

At this level, it is expected that the Dogecoin price will reverse<\/a> and bring a lot of rewards for investors. \u201cIMO, given this is an altcoin and the expectations are likely beyond 0.5$, having heavy spot bags already pays for little risk,\u201d Astronomer said. \u201cIf you want a defined risk for a defined reward, I think a long as presented also makes sense.\u201d<\/p>\n

Reversal Pattern In The Works<\/h2>\n

The Dogecoin price is eyeing a reversal pattern after putting in a possible bottom. This was highlighted<\/a> by another crypto analyst who has shown that the meme coin is showing a bullish divergence on the chart. At this level, it is the RSI that is bullish and the analyst believes a break above the 0.206 level from here would be positive for the price.<\/p>\n

With bullish sentiment recovering, it is giving the Dogecoin price the push it needs to move upwards. Also, if the meme coin is able to close above the trend line <\/a>shown in the chart below, it is expected to turn bullish for the price.<\/p>\n

The first major target for the price is the resistance at $0.2, which is what the bulls need to beat<\/a>. After this is when the $0.27 level comes into play, and the final target for 100% increase lies above $0.33.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin saw its price crash once again after a month of upward movement in April. This downturn has affected sentiment once again, pushing investors back into the fear territory. However, this might only be a small blip in the radar as the Dogecoin price could be ready for a rebound. One crypto analyst in particular […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-64155","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64155"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64155"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64155\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}