Dogecoin rises 4%, holding above $0.14 support. Analysts predict it could target $0.30 if bullish momentum continues.
Dogecoin has been showing some positive momentum recently. The price has risen by 4%, staying above key support levels. This recovery has sparked interest in whether Dogecoin could reach $0.30.
If the broader crypto market stays bullish, the meme coin could target that next resistance level.
Current Price and Market Support Levels
Currently, Dogecoin is holding above the important $0.14 support level. Over the past 24 hours, it has gained 4%, signaling a potential upward trend. This support level has been a strong point for Dogecoin in the past.
If Dogecoin stays above $0.14, there is a chance it will continue rising.
In addition, the overall cryptocurrency market has been showing signs of recovery. Bitcoin and Ethereum both saw gains of 3% and 5% respectively.
This positive market trend could help lift Dogecoin further. If Dogecoin maintains its position above $0.14, it may target $0.15 next, which is a key resistance level.
Symmetrical Triangle Pattern and Potential Reversal
Dogecoin’s 12-hour chart shows a symmetrical triangle pattern, indicating a possible reversal. This chart formation often signals a breakout in either direction. With the price tightening, it could break out upward, suggesting a potential price rally. This is something that many traders are closely watching.
$Doge/12-hour#Dogecoin has formed a Symmetrical Triangle, potentially indicating a reversal bottom pattern in the current downtrend. pic.twitter.com/qhKocgZLXv
— Trader Tardigrade (@TATrader_Alan) December 8, 2025
The symmetrical triangle also shows that the market is consolidating. This narrowing of price movement often precedes a stronger trend.
If Dogecoin breaks above the $0.15 level, it could start a more significant upward trend. If the price fails to break out, however, it might drop back to lower support levels.
Related Reading: Dogecoin Tests $0.15: Breakout Rally To $0.20 In Play?
What’s Next for Dogecoin: Can It Reach $0.30?
The key question now is whether Dogecoin can reach $0.30. If Dogecoin pushes past $0.15, the next major resistance will be $0.30. Analysts suggest that this is a reasonable target if positive momentum continues.
Given Dogecoin’s recent performance, it could reach that level if the market stays strong.
$DOGE is sliding back into the same weekly demand zone that sparked every major rally in the past.
History shows buyers love this level… and price is almost there again!
If the zone holds, a push toward the $0.30 mark becomes the next big move.🚀
Is $DOGE preparing for… pic.twitter.com/bsJdOD5I4b
— AltCryptoTalk (@AltCryptoTalk) December 8, 2025
However, the path to $0.30 may not be straightforward. The cryptocurrency market is still volatile, and any significant pullback could affect Dogecoin’s rise.
Traders will be watching closely for signs of a breakout above $0.15. If Dogecoin maintains upward momentum, $0.30 could become a realistic target in the near future.