Dogecoin price forecast: Ten-year support level may be brewing for a five-fold rise

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Dogecoin price forecast: Ten-year support level may be brewing for a five-fold rise

2026-07-24 00:35:37

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Dogecoin retests ten-year support trend line

Dogecoin is testing a support area that appeared before the sharp gains in 2017 and 2020. Holding this range may provide support for a rebound, but before the US$0.36 target becomes realistic, Dogecoin must break through its long-term downward trend.

Dogecoin has fallen back to an upward support trend line that marked important turning points in 2017 and 2020. Trader Tardigrade believes that if the long-term pattern remains effective, another strong rally could occur.

Monthly charts show that Dogecoin is testing support around US$0.07 to US$0.075. If it can be successfully held, a long-term bottom may be formed, but the price must stand back above $0.10 and $0.13 to more clearly confirm the bullish reversal.

However, previous gains do not guarantee another explosive trend. If the monthly close falls below this trend line, it will deny the validity of historical comparisons and expose Dogecoin to the risk of further decline.

Dogecoin's 5x target depends on major breakthrough

Dogecoin is testing long-term support areas while facing downtrend line pressure from previous cycle highs. MikybullCrypto believes this form is one of its strongest trading opportunities and expects a gain of at least five times.

Achieving a five-fold increase from the chart area would bring Dogecoin close to US$0.36. However, prices must first break through the downtrend line and regain resistance around $0.10 to $0.13, followed by $0.20 and $0.30.

While dogcoin is still below the trend line, this pattern is still uncertain. Losing the horizontal support area near US$0.06 to US$0.07 would negate the bullish structure and increase the risk of further decline.

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