After March Rally, April Pullback? Dogecoin Approaches Turning Point

▲ Dogecoin (DOGE)

Dogecoin (DOGE) surged nearly 9% in a single day as it reclaimed the $0.10 level, but the history of repeated resistance around the same price range is raising the possibility of another pullback.

According to cryptocurrency-focused media outlet Watcher Guru on February 26 (local time), Dogecoin rose 8.9% over the past 24 hours to recover the $0.10 mark. On a weekly basis, it gained 1.6%, and over the past 14 days it climbed 9.2%, maintaining a short-term rebound. However, it remains down 18.1% over the past month and 52.7% compared to late February 2025, indicating that the mid- to long-term trend is still in a bearish phase.

During intraday trading, Dogecoin climbed to as high as $0.105 before retreating to $0.1003. Earlier this month, it also rose to $0.11 before undergoing a correction, raising concerns that selling pressure could once again emerge in the same range. Analysts suggest that the pattern of pullbacks following repeated tests of highs may reappear.

The broader market environment is not particularly supportive either. As investors continue to adopt a risk-off stance by reducing exposure to risk assets, meme coins—known for their high volatility—face challenges in sustaining long-term capital inflows. While the recent rebound is interpreted as the result of dip-buying, the possibility of renewed short-term profit-taking cannot be ruled out.

Regarding the price outlook, CoinCodex projected that Dogecoin could continue its upward trend for another month before facing another correction. It forecasts that the token could rise to $0.1282 by March 20, 2026, representing an additional upside potential of about 27.8% from current levels. However, it expects prices to fall back to around $0.10 by mid-April.

Meanwhile, some investors view the current price range as a potential entry point. There is also optimism that Dogecoin could stage a strong breakout if the broader cryptocurrency market exits its overall bearish phase. In particular, Elon Musk has previously expressed plans to send an actual Dogecoin to the moon in 2027, and observers suggest that if this event materializes, it could provide strong momentum for the price.

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