Dogecoin News Today: Dogecoin Approaches $0.25 Resistance With 50% Rally Potential

Dogecoin (DOGE) is showing strong signs of a potential breakout as it approaches the $0.25 resistance level, which could lead to a 50% price rally. The recent price action suggests a shift in momentum from bearish to bullish, supported by whale activity and favorable technical indicators. Over the past week, major DOGE holders have accumulated more than 2 billion DOGE, valued at approximately $500 million, signaling confidence in the coin's future [1].

The price of DOGE has risen to $0.246, having recently broken above the $0.241 resistance level. Maintaining this level as support will be crucial for the coin’s upward trajectory. If DOGE manages to hold above $0.241, the next major resistance is expected to be $0.273. Whale accumulation is seen as a key driver for reaching this target [1].

Technically, Dogecoin has formed a Golden Cross on the 50-day and 200-day exponential moving averages (EMAs), ending a five-month bearish trend marked by a prior Death Cross. This crossover is considered a significant signal for a potential bull market [1]. Additionally, an ascending triangle pattern is forming on the daily chart, with $0.25 acting as the upper resistance. If DOGE closes above this level with strong volume, the next price targets of $0.28 and $0.36 become relevant, representing a 50% increase from current levels [1].

Momentum indicators, including the MACD, have turned positive, suggesting buyers are becoming more aggressive. Rising volume further supports the likelihood of a sustained breakout, as traders position themselves for a potential move higher [1].

From a historical perspective, Dogecoin appears to be entering its third multi-year cycle. Analysts like Javon Marks have pointed out that the coin has previously delivered massive gains—over 8,000% in its first cycle and more than 2,200% in the second. Based on these patterns, Marks predicts DOGE could reach $2.28 by early 2026, assuming the current cycle follows a similar trajectory [1].

However, not all analysts are convinced of an immediate breakout. The $0.29 level has rejected DOGE three times this year and remains a critical technical and psychological barrier. On the flip side, $0.23 is seen as the first major support level that must be held to maintain the integrity of the current ascending triangle pattern [1].

The convergence of whale activity, technical momentum, and historical trends supports the possibility of a sustained rally in the coming weeks. While there are no guarantees in crypto markets, the current setup for DOGE appears to be more bullish than bearish, especially if the key resistance level of $0.25 is successfully broken with volume [1].

Source: [1] Dogecoin (DOGE) Price: Breaking $0.25 Resistance Could Lead to 50% Rally (https://blockonomi.com/dogecoin-doge-price-breaking-0-25-resistance-could-lead-to-50-rally/)