DOGE Eyes $0.30 Breakout as Key Trendline Support Holds Strong

Dogecoin (DOGE) is showing strong signs of a potential bullish breakout, with its price action maintaining crucial support above a long-term ascending trendline established since October 2024. As of May 2025, the meme cryptocurrency continues to consolidate within a promising range, hinting at accumulation by buyers and setting the stage for a possible surge toward $0.30.

Dogecoin Price Eyes $0.30 Breakout After Key Trendline Holds

Dogecoin’s price action suggests a potential bullish breakout as it maintains support above a long-term ascending trendline established since October 2024. The meme cryptocurrency has repeatedly found footing at this level during market corrections, with current consolidation patterns indicating accumulation by buyers.

Technical analysis reveals Dogecoin trading in the $0.16–$0.18 range, closely aligned with the 0.5 Fibonacci retracement level at $0.16537. This zone has historically served as a springboard for price movements, with analysts noting the possibility of a brief pullback to $0.14 before another rebound attempt.

Fibonacci extensions point toward a $0.30 target should bullish momentum continue. The chart structure shows confluence between historical support levels and current price action, creating a compelling technical setup for Doge traders.

Dogecoin Price in Key Buy Zone: Here’s What to Expect from DOGE Price

Dogecoin’s price rebounded sharply from a seven-day low of $0.1643, marking an 11.36% surge and confirming a bullish falling wedge breakout. The meme coin now eyes a near-term target of $0.2561 as it holds above critical trendline support at $0.20.

Market sentiment appears strongly bullish, with 67.84% of Binance traders holding long positions. Open interest reached $1.81 billion, reflecting growing institutional confidence in DOGE’s upside potential. The $0.165-$0.20 zone has emerged as a key accumulation area, backed by technical confluence and on-chain activity.

Since early 2023, dogecoin has maintained a consistent upward trajectory along its ascending trendline. The latest bounce from $0.1643 suggests buyers are actively defending this psychological support level, potentially setting the stage for another leg upward.

Dogecoin Shows Bullish Signals with Potential 30% Upside, Analyst Says

Dogecoin is carving a promising recovery path, rebounding from a critical ascending trendline that historically marks the start of prolonged bull cycles. crypto analyst Ali Martinez notes the memecoin’s resilience at this support level, suggesting a potential 30% surge toward $0.27 if key Fibonacci levels hold.

Market observers highlight DOGE’s ability to defend its trendline base, which has repeatedly acted as both a floor and springboard for rallies. The absence of breakdowns at this juncture reinforces the bullish case, with technicals pointing to momentum accumulation.