DOGE’s Next Bullish Target: Breaking Through the $0.36 Resistance Wall

Dogecoin (DOGE) is currently facing a critical resistance level at $0.36, as revealed by on-chain data analysis. This price point represents a significant concentration of DOGE tokens last acquired by investors, creating a potential barrier for further upward movement. With DOGE trading at $0.22473000 USDT as of May 15, 2025, market observers are closely watching this key level, noting the absence of major supply obstacles beyond it. The UTXO Realized Price Distribution metric highlights this $0.36 level as Dogecoin’s next major price hurdle, suggesting that a breakthrough could pave the way for stronger bullish momentum. This analysis comes at a time when the cryptocurrency market continues to show renewed interest in meme coins, with DOGE maintaining its position as one of the most prominent assets in this category. The current price action suggests that Dogecoin may be preparing for its next major move, with the $0.36 level serving as a crucial test of market sentiment and buying pressure. Traders and investors are advised to monitor this development closely, as a successful breach of this resistance could signal further upside potential for the popular digital asset.

Dogecoin Faces Key Resistance at $0.36 Level, On-Chain Data Shows

Dogecoin’s next major price hurdle appears to be the $0.36 level, according to on-chain analysis of investor cost basis distribution. The UTXO Realized Price Distribution metric reveals a significant concentration of Doge tokens last acquired at this price point, creating a potential resistance wall.

Market observers note the absence of substantial supply barriers immediately above current trading levels, suggesting $0.36 could become a pivotal battleground for bulls and bears. The memecoin’s ability to break through this psychologically important zone may determine its near-term trajectory.

Dogecoin Breaks Out of Descending Channel, Eyes $0.44 Target

Dogecoin has surged past a long-standing descending channel pattern, signaling a potential reversal from bearish to bullish momentum. The breakout, confirmed on the 3-day chart, follows months of constrained trading within a downward trajectory.

Crypto analyst Jonathan Carter highlights the significance of this technical development, projecting a near-term price target of $0.44. The meme coin’s resurgence comes after forming lower highs and lows within the channel throughout 2023.

Dogecoin Investors’ Participation Hits 6-Month High As Profits Rise To February Levels

Dogecoin’s market activity shows renewed vigor, with investor participation reaching its highest level in six months. The meme coin’s Net Unrealized Profit/Loss (NUPL) metric has climbed to a three-month peak, mirroring profitability levels last seen in February. This surge places DOGE firmly in the Optimism zone, reflecting growing confidence among holders.

Market analysts interpret the NUPL rebound as a sign of healthy conditions, with fewer investors inclined to sell during profit-taking phases. The stability suggests a foundation for sustained upward momentum. Active address metrics, though truncated in the source material, historically correlate with such bullish indicators.