TLDR:
- Dogecoin forms a reverse head and shoulders, which signals a possible trend use on the daily chart.
- Breakout above $ 0.17 neckline confirmed; The price now tests key support for the next move.
- 0.34 $ price target projected from the pattern structure, which means over 90% upward potential.
- A daily profit of 5.42% signals short-term strength, despite a 7-day decrease of over 10%.
Dogecoin (Dogge) Price measure Has seen Memecoin form a technical pattern that often precedes a hooked reversal. The pattern, known as an inverse head and shoulders, suggests a possible trend shift in favor of buyers.
Dogge recently broke over its neckline level and is now testing the same price zone. If the support holds, it may trigger another rally phase in the upcoming sessions. Market guards are now carefully monitoring this level for confirmation of the strength of the patterns.
Dogecoin forms Haussearted designs on the daily chart
According to a recent chart shared by Bitcoinsensus at X, Dogecoin has completed a clear reverse main and axis structure.
The pattern started with a left shoulder in early March, followed by a deeper low that formed the head in April. A right axis was developed in May, creating symmetry that corresponds to traditional pattern properties.
🚀 Dogge Bullish Pattern Alert: Inverse Head & Shoulders in Play$ Doge Forms a textbook Reverse head and shoulders designs, a classic raissered reversal signal. After breaking over the neckline around $ 0.17, it is now to test that level, which is a typical technical behavior … pic.twitter.com/5ezhnmzhtt
– bitcoinsensus (@bitcoinsensus) June 6, 2025
The neck was drawn over two important resistance levels, with a break at the end of May. This breakout marked the first confirmation of a potential reversal. The current Dogecoin Price measures show a return to the same neckline, a typical movement before a continuation.
Bitcoinsensus projected a price of $ 0.34 for Dogge, derived from the vertical distance between the pattern’s head and neckline. This means a potential 100% upside from the Breakout level to $ 0.17. The price is currently testing that neckline, and a strong bounce can confirm the haus -like outlook.
Traders often see such tests as an opportunity for entry, especially about buying volume is strengthened. A successful grip above $ 0.17 can suggest Doge is preparing for another leg up.
DOGE PRICE Update: Wins In spite of weekly decline
Based on latest data from CookeNecko, the Dogecoin price is $ 0.1798 from June 6, 2025. It registered an increase of 5.42% over the past 24 hours. The token, however, remains down to 10.05% in the last seven days, which reflects previous market volatility.
Despite the last week’s loss, the technical installation remains intact. Traders are now focused on whether bulls can regain momentum at the neckline support.
Technical analysts consider volume and price reaction in support zones that are crucial for the validation of outbreaks. If Doge sees a renewed purchase interest over $ 0.17, the reverse head and shoulders patterns may play fully. This installation, if confirmed, would position Dogge for its next big step towards the $ 0.34 mark.
With the diagram pattern in line closely with historically reversing behavior, Dogge price action Around your neck, a key level remains to look at the coming days.