Dogecoin (DOGE) Primed for Explosion — Will Bulls Trigger the Rocket This Time?

Dogecoin’s chart is flashing green—again. The meme coin that refuses to die is teasing another breakout, and traders are watching like hawks. Here’s the lowdown.

The Setup:
DOGE has been coiling in a tight range for weeks, but the Bollinger Bands are squeezing tighter than a Wall Street CFO during audit season. Historically, that means volatility—and fast moves.

The Bull Case:
If DOGE punches through the $0.15 resistance level, the path to $0.25 opens up. Retail FOMO could kick in, especially with Elon Musk’s X (formerly Twitter) integrating crypto payments—again.

The Skeptic’s Take:
Let’s not forget: this is the same asset that once rallied because of a TikTok trend. Fundamentals? Please. But in crypto, narrative trumps math—until it doesn’t.

Bottom Line:
Either DOGE moons or gets dumped like a bad altcoin bet. No middle ground. Place your bets—or watch from the sidelines with popcorn.

Dogecoin Price Eyes More Gains

Dogecoin price started a fresh increase from the $0.1650 zone, like Bitcoin and Ethereum. DOGE was able to climb above the $0.1665 and $0.1680 resistance levels.

The bulls even pushed the price above the $0.170 resistance. There was a steady increase and the price even spiked above the 50% Fib retracement level of the downward MOVE from the $0.1722 swing high to the $0.1657 low.

Dogecoin price is now trading above the $0.1680 level and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $0.1680 on the hourly chart of the DOGE/USD pair.

Immediate resistance on the upside is NEAR the $0.1720 level. The first major resistance for the bulls could be near the $0.1730 level or the 61.8% Fib retracement level of the downward move from the $0.1722 swing high to the $0.1657 low.

The next major resistance is near the $0.1750 level. A close above the $0.1750 resistance might send the price toward the $0.180 resistance. Any more gains might send the price toward the $0.200 level. The next major stop for the bulls might be $0.2120.

Another Decline In DOGE?

If DOGE’s price fails to climb above the $0.1750 level, it could start another decline. Initial support on the downside is near the $0.1680 level or the trend line zone. The next major support is near the $0.1650 level.

The main support sits at $0.1610. If there is a downside break below the $0.1610 support, the price could decline further. In the stated case, the price might decline toward the $0.1550 level or even $0.1520 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.1680 and $0.1650.

Major Resistance Levels – $0.1720 and $0.1750.