Technical analysis by The_Alchemist_Trader_ about Symbol DOGE: Buy recommendation (6/4/2025)

Dogecoin has recently shown renewed signs of strength after reacting positively to the 200-week moving average. This level acted as a major dynamic support and helped ignite a bullish impulse from oversold conditions. The response from this zone suggests potential accumulation and a shift in short-term sentiment.The most important level to watch is the $0.16 support. This zone is critical for the bullish thesis to remain intact. If price holds above this level, it increases the probability of a continued rally, especially with recent market structure favoring higher lows.From a technical perspective, Dogecoin has now broken above a short-term descending trendline. This breakout, coupled with sustained strength above the 200-week MA, may set the stage for a significant move to the upside. The ultimate technical target remains the all-time high zone near $0.48, which represents a potential 194% gain from current levels.