Dogecoin Surges 2.78% Breaking $0.20 Resistance

Dogecoin (DOGE) has recently surpassed the critical psychological level of $0.20, indicating a potential strong move toward the $0.26–$0.28 range in the coming days. The hourly and daily charts suggest that this breakout is not a fluke but a significant development in the cryptocurrency's trajectory. The 1-hour Heikin Ashi chart shows that DOGE price recently broke through local resistance at $0.20 with rising momentum. This level had acted as a ceiling for several days, and the breakout was supported by higher lows, forming an ascending triangle—a bullish intraday setup. The Moving Average (MA) Ribbon (20, 50, 100, 200 SMA) is now stacked in bullish order with the 20 SMA at $0.195 and the 200 SMA trailing lower at $0.187. This alignment confirms a near-term uptrend. The price is currently hovering around $0.203 with low selling pressure and strong Heikin Ashi green candles, hinting that bulls are firmly in control.

Fibonacci retracement levels from the recent swing high around $0.21 to swing low near $0.18 show that DOGE has reclaimed the 0.618 golden zone and is now testing the 0.786 level, commonly a launchpad for accelerated moves. If this breakout sustains, the next resistance lies for Dogecoin price around $0.21. A clean break above that could trigger a quick surge toward $0.23 and even $0.26. The daily chart supports the bullish short-term momentum. DOGE price is up +2.78% today and reclaiming the 50-day SMA, which is currently around $0.2017. This is significant because the 50-day SMA has acted as dynamic resistance throughout the last few weeks. Moreover, the Dogecoin price is forming a short-term double bottom with support near $0.16, and the neckline at $0.203 is being tested now. If DOGE manages to close a daily candle above this neckline, the classic double-bottom pattern targets approximately $0.25. The measured move is calculated as: Target = Neckline + (Neckline – Bottom) Target = $0.203 + ($0.203 – $0.16) = $0.203 + $0.043 = $0.246. That’s about a 22.5% upside from current levels. Adding fuel to the fire, the 20-day SMA has turned up and crossed above the 100 SMA—a medium-term bullish crossover. The 200 SMA still sits higher at $0.2589, and that could act as the final upside target if momentum persists.

Based on the hourly bullish structure and daily breakout confirmation, DOGE price looks poised to target $0.25–$0.26 over the next 7–10 days, provided market sentiment remains positive. Assuming the breakout holds and volume increases, the following path looks realistic: Minor resistance at $0.21, bullish breakout to $0.23 (short-term Fibonacci extension), and final upside target $0.25–$0.26 (double bottom target + 200-day SMA). From the current price of $0.203, a move to $0.26 would represent a 28% gain. Dogecoin price is showing strong bullish signals both on lower timeframes and the daily chart. The reclaim of $0.20 is not just a number—it breaks a psychological barrier, confirms a reversal structure, and brings in new technical buyers. With momentum building and key moving averages flipping, DOGE could be gearing up for a multi-week rally. However, it is important to watch for a confirmed daily close above $0.21 and keep an eye on the broader market. If the market remains steady, Dogecoin may just surprise again—this time with a 30% run.