Dogecoin Primed for Breakout: Can It Smash $0.25 Next?
Dogecoin's chart is printing a textbook setup—volatility squeezing, volume ticking up, and memecoin degenerates licking their chops. The $0.25 target isn't just hopium; it's the next liquidity magnet.
The Meme Machine Revs Up
DOGE's recent consolidation mirrors pre-pump patterns from its 2021 glory days. Retail FOMO could ignite once it clears resistance—because nothing fuels a rally like traders chasing the ghost of past gains.
Wall Street's Worst Nightmare
While hedge funds overcomplicate their 'quant models,' a Shiba Inu-themed coin might yet again outperform their Ivy League portfolios. The irony? This time, it might actually have utility behind the hype.
One thing's certain: if DOGE nails this breakout, the crypto old guard will suddenly 'always believed in the joke.'
- Dogecoin (DOGE) trades at $0.19 with an 83% volume surge, aiming for $0.25 if it breaks resistance at $0.22.
- RSI at 58 and MACD crossover suggest strong bullish momentum with more upside potential ahead.
- A breakout above $0.22 could trigger strong upside momentum, with $0.25 emerging as the next major resistance.
Dogecoin is currently trading at $0.19 and has decreased by 2.77% within the past 24 hours. Despite this decline, it has surged by 15.25% in the last week. There was an increase in trading volume, as it surged by 83.07% to reach $2.75 billion.
Source: CoinMarketCap
CoinCodeCap Trading highlighted that a breakout reversal is already occurring. The 200-day simple moving average coincides with the Dogecoin testing area of $0.22. The price can target 0.25 on current momentum. That is a possible 15 percent increase over current levels. Traders can also seek the entries around the $0.17 pullback.
Source: X
Short-Term Bullish Trend
DOGE still has a bullish short-term trend. The short-term signals remain bullish, the medium-term signals are neutral, and the long-term structure remains bearish. Nevertheless, the shift in the market momentum is changing. The recent surge in volume supports the current rally movement. It seems like investors are making a move.
According to CoinGlass data, there are mixed signals. The volume of trading increased by 55.53 percent to 7.92 billion. At the same time, open interest was 4.07% lower at $2.60 billion. The OI-weighted funding rate is 0.0099%. This reflects a balance between caution and Optimism among traders.
Source: CoinGlass
The RSI (14) is at 58.32 with a signal line of 54.92. These levels show a bullish positioning with further potential for rising. The overbought level of 70 has not yet been attained. The indicator has been going up steadily in price. This is an indication of vigorous momentum towards the move.
The bullish argument is also supported by MACD (12, 26). The MACD line lies at 0.00580, and the signal line is at 0.00207. The bullish crossover took place 27 days before and is still running. The presence of positive histogram bars indicates increasing purchasing power. Momentum is sustaining over the zero line.
Source: TradingView
Dogecoin Support and Resistance
Analyst Ali Martinez revealed that Doge will go to $0.25 once it sustains over the price of $0.19. The same level has become a crucial bull support area. If DOGE falls below $0.19, support is observed at $0.15 and $0.14. The resistance is at $0.22 and $0.25. Short-term gains may be capped at these levels.
Source: X
The traders are interested in DOGE once again. The momentum is high, and the indicators are bullish in RSI and MACD. The next couple of sessions are critical. Any breakout over the $0.22 mark could start the next high. cryptocurrency seems to be trying to win back its way up, with all eyes focused on $0.25.
