Dogecoin Price Aims for 465% Increase with $0.65 Breakout Goal on KuCoin
February 16, 2026
Dogecoin has seen a positive shift in trading sentiment, with the price climbing back above $0.10 in recent days. Analysts are closely monitoring the potential for a trend reversal across various trading pairs, especially against the US dollar. A 12-hour chart for DOGE/USDT shared on TradingView shows the price moving towards the mid-$0.11 range following a bounce from lows seen earlier in February. The key focus for analysts is whether Dogecoin can break through a descending resistance trendline that has been guiding price movements downwards for several months. Despite this shorter-term technical challenge, a macro breakout target of $0.6533 remains on the radar, which could potentially offer a 465% upside from current levels.
Examining the 12-hour chart further, DOGE opened near $0.1110, hitting a high of around $0.1176 and closing at approximately $0.1162 during the specified period. This represents a gain of about 4.6%. However, a significant obstacle remains in the form of a descending trendline that has defined the downtrend from late 2025 to early 2026. The ability for the price to break above this trendline is seen as a critical milestone for the broader reversal of bearish sentiment in the market.
Additionally, the chart also highlights a supply zone that previously acted as a support level before the price broke lower. This zone, around the $0.12 mark, could serve as a crucial resistance level in the short term. A measured move analysis suggests that if the price manages to surpass this zone, it could potentially target the mid-$0.15 region next. Another pattern to watch out for is the contracting triangle breakout, which indicates a bullish momentum shift when the price breaches a descending line on the chart.
Analysts, such as Javon Marks, have set a target of $0.6533 for DOGE’s price breakout, emphasizing a longer-term structural analysis that points to significant upside potential. This target is not tied to specific timing but rather represents a technical milestone to monitor as the price progresses. Confirmation signals for this bullish scenario include a clear break above trendline resistance on multiple trading pairs, particularly DOGE/USDT and DOGE/BTC. The post also underscores the importance of cross-pair strength in validating the breakout and forecasting further price advancement.
In conclusion, Dogecoin’s recent price action suggests a possible shift in market sentiment towards a more bullish outlook. Key technical levels to watch include the descending trendline resistance and the $0.12 to $0.13 region as potential resistance zones. Maintaining support levels at $0.10 and the recent swing low around $0.08 will be crucial for sustaining the recovery momentum. As the market continues to evolve, the potential for a 465% rally towards the $0.65 breakout target remains a key focus for traders and analysts alike.
