Dogecoin on the Brink: Can It Shatter Resistance and Skyrocket to New Highs?

Dogecoin—the meme coin that refuses to die—is knocking hard at resistance's door. Will it break through or get slapped back down?

After weeks of sideways action, DOGE bulls are itching for a breakout. The charts whisper 'potential,' but the market's a fickle beast.

Key levels to watch: If Dogecoin clears this stubborn resistance zone, traders could see a 30-50% surge. Miss? Prepare for the usual crypto theater—overleveraged longs getting liquidated while whales feast.

Funny how a joke currency now has more staying power than most 'serious' altcoins. Maybe Wall Street should take notes—volatility sells better than spreadsheets.

DOGE Trying To Break Free

According to Analyst Trader Tardigrade, Dogecoin is currently attempting to break free from external resistance. The expert shared how the token is approaching the RSI 50 level, a threshold that differentiates between bearish and bullish trends. If the asset manages to assume an upswing pace, it can end up triggering a massive price surce for the token.

$Doge/H4#Dogecoin RSI is approaching 50, the level that differentiates bearish and bullish vibes.
If the uptrend continues on the chart, a bullish trend could be triggered. https://t.co/IkJsjoYWbw pic.twitter.com/u0HvI1GxNR

Moreover, Trader Tardigrade later shared another hopeful update regarding Dogecoin. He stated that DOGE’s price chart earlier showed a 65% drop, followed by three bottoms and an optimized price surge. At present, DOGE’s price chart is showing a 73% correction, which is again sufficient, followed by two bottoms. A third bottom is underway, post which the token may once again note a positive price surge.

$Doge/D3:
In the previous structure, we observed a 65% drop followed by three bottoms in line and a decent surge.
In the current structure, #Dogecoin has reached a 73% correction, which is considered sufficient. Two bottoms have been seen, and the formation of the third bottom is… pic.twitter.com/11DrORcKOH

Dogecoin August Timelines

According to DOGE data by CoinCodex, dogecoin is currently sitting at $0.20, aiming to hit $0.24 by the end of August 2025.