DOGE Poised for Breakout: Eyes $0.2650 Resistance as Bullish Momentum Builds

Dogecoin (DOGE) is showing strong bullish signals as it rebounds from the $0.220 support level, with technical indicators suggesting a potential breakout above the $0.2650 resistance zone. The meme cryptocurrency has already surpassed key levels at $0.2320 and $0.2350, supported by a 100-hourly moving average and a bullish trend line on the hourly chart. As of May 14, 2025, DOGE is trading at 0.23711000 USDT, with traders closely watching for the next leg higher.

Dogecoin (DOGE) Gears Up for Next Leg Higher — Will Resistance Break?

Dogecoin has initiated a fresh upward trajectory against the US Dollar, rebounding from the $0.220 support level. The meme cryptocurrency now shows bullish momentum, with eyes set on the $0.2650 resistance zone.

DOGE’s price action confirms a breakout above key levels at $0.2320 and $0.2350, supported by a 100-hourly moving average. A connecting bullish trend line on the hourly chart further reinforces the upward potential, with immediate resistance looming at $0.2450.

The recovery mirrors broader market trends observed in Bitcoin and Ethereum, suggesting renewed investor confidence. Technical indicators point to sustained buying pressure, particularly after clearing the 50% Fibonacci retracement level of the recent downturn.

Dogecoin Long Liquidations Surge Amid 10% Price Plunge

Dogecoin’s sharp 10% decline triggered significant long liquidations as the memecoin retreated from its recent recovery. The cryptocurrency briefly breached $0.217 before stabilizing NEAR $0.227, underperforming most top-tier assets during the market downturn.

Liquidations accelerated after DOGE failed to sustain momentum above $0.25, erasing gains from its recent rally. The price action reflects renewed selling pressure across crypto markets, with speculative assets like Dogecoin bearing particular brunt of the correction.

Is Dogecoin Poised for Another 50% Surge? (Analyst)

Dogecoin has rebounded from yesterday’s losses, climbing back above $0.24. A prominent analyst highlights $0.36 as the next major resistance level—a 50% jump from current prices. Leveraged traders are accumulating significant DOGE positions, signaling bullish sentiment.

The meme coin surged 40% last week, breaking free from a prolonged stagnation around $0.165. Market-wide Optimism propelled DOGE to a multi-month high of $0.26 before yesterday’s correction. On-chain data identifies $0.21 as critical support, creating a clear risk-reward framework for traders.

SEC Acknowledges Dogecoin ETF Filing as Price Predictions Surge

The U.S. Securities and Exchange Commission has formally acknowledged a spot dogecoin ETF filing from 21Shares, marking a regulatory milestone for the meme-inspired cryptocurrency. This development coincides with bullish price projections, as analysts forecast DOGE could reach $1.05 by June 2025.

Market sentiment appears to be shifting as institutional validation meets retail enthusiasm. The SEC’s acknowledgment, dated May 13, 2025, represents the first step in what could become a transformative approval process for Dogecoin’s market structure.

Price prediction models have gained renewed credibility following the regulatory news. Traders are now watching whether Doge can break through the psychological $1 barrier that has eluded the asset since its 2013 inception.

Dogecoin Futures Open Interest Climbs 64% Amid Price Pullback

Dogecoin’s futures market is defying its recent price slump, with open interest surging nearly 64% over the past week according to Glassnode data. The meme coin’s derivatives activity suggests sustained speculative interest despite bearish spot price action.

Rising open interest typically signals increased leverage in the market, often preceding heightened volatility. Traders appear to be positioning for a potential reversal, maintaining exposure through derivatives even as DOGE’s spot price retreats.

Coinbase CEO Brian Armstrong Extends Hiring Invitation to Elon Musk’s DOGE Team

Brian Armstrong, CEO of Coinbase, has publicly invited members of the Department of Government Efficiency (DOGE) team—affiliated with Elon Musk—to join the cryptocurrency exchange. The offer, framed as a "call to service," targets individuals seeking to drive global financial reform through crypto innovation.

Armstrong emphasized an accelerated hiring process for DOGE staff, acknowledging their "proof-of-work" experience. The recruitment push aligns with Coinbase’s mission to build a more efficient financial system. Notably, the invitation references a video shared by a conservative commentator, though specific details remain undisclosed.