DOGE Price Prediction March 15: When Will the Rebound Occur?

Bittime - Dogecoin (DOGE) has caught the attention of many traders and analysts with patterns of on-chain activity indicating a potential shift in momentum. The DOGE price prediction is getting more interesting as a bullish inverse head-and-shoulders pattern is forming, which hints at a possible upward move.

On the other hand, the surge in activity on the DOGE network also shows an increase in adoption. All of this gives an idea of ​​how the DOGE price will go in the future.

DOGE Price Prediction: Obvious Bullish Moment?

Looking at the 1 hour chart of DOGE on Binance, the inverse head-and-shoulders pattern is quite clearly seen as a bullish indicator.

On the chart, the left shoulder formed at $0.150 (around IDR 2,475), the head reached a low of $0.1438 (around IDR 2,374), and the right shoulder started to stabilize at around $0.160 (around IDR 2,640).

If the price manages to penetrate the neckline resistance at $0.169 (around Rp. 2,788), this could be a signal for Dogecoin (DOGE) to go higher, with a price target in the range of $0.185 to $0.190 (around IDR 3,052 to IDR 3,135), which means there is upside potential of up to 9%.

DOGE Price Today: Upside Potential and Supportive Technical Signals

Selain pola inverse head-and-shoulders, technical indicators such as MACD also supports this prediction. The MACD has crossed above the Signal line indicating bullish momentum in DOGE, with the MACD value at 0.00041 and positive confirmation on other figures.

However, if DOGE fails to penetrate $0.169 (around Rp. 2,788), there is a possibility that the price will correct back to the $0.150 level (around Rp. 2,475).

In fact, if the price falls further below $0.167 (around IDR 2,755), bearish momentum could occur, and a further decline towards $0.1438 (around IDR 2,374) might trigger panic selling among traders.

DOGE Price Analysis: Rising Adoption Becomes a Positive Movement

One factor that could strengthen DOGE price predictions is the spike in adoption seen in DOGE network activity. In one day, the number of active DOGE addresses almost reached 200 thousand, which is the highest level since the last big rally.

Additionally, the total number of DOGE addresses increased rapidly, from 42K to 1.48M, which is usually an indicator of rising prices.

This rise in adoption has been shown to be closely related to previous price spikes, as seen in January 2024 which saw DOGE shoot up more than 50%.

If the number of active addresses continues to increase towards 2 million, DOGE could reach a price of $0,500 (around Rp. 8,250).

However, if adoption decreases or stagnates, the DOGE price could be corrected to the level of $0,150 (around IDR 2,475), even lower to $0,100 (around IDR 1,650) if address growth continues to decline.

Today's DOGE Price and Trader Position in the Market

On the 1-hour DOGE/USDT chart, you can see that there is a significant liquidity zone between the prices of $0.165 (around IDR 2,723) and $0.167 (around IDR 2,755), which became the support level after the price fell from $0,200 (around IDR 3,300).

If DOGE manages to penetrate the neckline at $0.169 (around Rp. 2,788), then the next price movement could be towards the range of $0.185 to $0.190 (around Rp. 3,052 to Rp. 3,135).

However, if DOGE falls below $0.165 (around Rp. 2,723), traders may set a stop-loss at $0.1438 (around Rp. 2,374) to reduce the risk of loss.

Conclusion

Overall, DOGE price analysis shows the potential for a breakout towards higher prices, especially with the support of strong technical patterns and increasing DOGE adoption.

If DOGE is able to penetrate $0.169 (around IDR 2,788), it is possible that the price could rise towards $0.250 (around IDR 4,125), especially if driven by network growth and strong buying pressure.

However, if DOGE fails to pass this level, there is a risk of a correction towards $0.150 (around IDR 2,475), and a further decline could take the price to $0.130 (around IDR 2,145).

So, when will the DOGE rebound happen? It all depends on whether DOGE can break through the resistance at $0.169 (around Rp. 2,788) or corrects deeper. 

FAQ Dogecoin (DOGE)

1. What is meant by the inverse head-and-shoulders pattern on DOGE?

The inverse head-and-shoulders pattern is a bullish technical pattern that indicates a potential price reversal from decline to increase.

On DOGE, this pattern is formed with the price reaching its lowest point (head) and two higher points on the left and right (shoulders), which indicates a possible breakout to a higher price if the price passes the neckline resistance.

2. How will adoption impact the price of DOGE?

Increases in DOGE adoption, reflected in an increase in the number of active addresses, often correlate with price increases.

History shows that spikes in DOGE network activity can be an indicator that the price will rise, as happened in January 2024 with a spike of more than 50%.

3. What to watch if DOGE does not break $0.169?

If DOGE fails to penetrate the price of $0.169 (around Rp. 2,788), there is a possibility that the price will be corrected to the level of $0.150 (around Rp. 2,475) or lower. A further decline could see the price fall to $0.1438 (around IDR 2,374), and even $0.130 (around IDR 2,145) if the decline continues, so it is important to monitor support and resistance levels carefully.

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References

crypto news, Ambcrypto.com, accessed March 15, 2025
crypto news, Newsbtc.com, accessed March 15, 2025

Author: Fkey