Dogecoin News Today: Dogecoin Breaks Key Trendline Eyes $0.25–$0.29 With 7.24% 24-Hour Gain

Dogecoin has broken above a key trendline, signaling potential for upward movement toward the $0.25–$0.29 range amid increased whale activity. The recent breakout mirrors the setup observed during the 2024 rally, in which the price surged from $0.10 to $0.48 after breaking a similar trendline [1]. Current prices are holding above the $0.23 pivot level, supported by whale accumulation and strong trading volume. DOGE is currently trading at $0.2386, recording a 7.24% increase in the past 24 hours [1].

The breakout has drawn attention from analysts, who note that a retest and bounce from the trendline in mid-2025 resemble the pattern that preceded the 2024 rally. KrissPax highlighted on X that if DOGE can move cleanly above $0.24 and pull back to around $0.2399, it would set up a clean path toward $0.25 [1]. The technical indicators reinforce this outlook, with the RSI at 57.52, indicating room before reaching overbought territory. The price is also above both the 7-day and 20-day SMAs, confirming a breakout from recent consolidation [1].

Bollinger Bands further support the potential for upward movement, with the upper band at $0.27. Immediate resistance is noted at $0.29, while key support levels lie at $0.19 and $0.14. The daily pivot point at $0.23 has been reclaimed, and sustained trading above this level could open a path toward the $0.25–$0.29 range [1].

Whale activity has increased over the past 48 hours, adding further credibility to the bullish trend. This surge in accumulation coincides with renewed speculation about potential integration of Dogecoin for payments on the X platform, a factor previously linked to short-term price spikes [1]. With the market capitalization of DOGE reaching $35.9 billion and trading volume hitting $2.7 billion, the volume-to-market cap ratio currently stands at 7.5% [1].

Analysts remain cautiously optimistic, emphasizing the importance of monitoring whale activity and trading volume as key indicators of future price direction. If resistance levels at $0.29 are successfully cleared and support zones hold, the technical structure suggests the price could continue to rise toward the upper range of $0.27–$0.29 [1].

The recent price action reinforces a bullish narrative, with DOGE demonstrating signs of regaining momentum. While the market remains dynamic, the confluence of strong volume, whale accumulation, and a favorable technical setup makes the $0.25–$0.29 range a realistic target for near-term price movement [1]. Investors and traders are advised to remain attentive to key resistance and support levels as the asset navigates the next phase of its price action.

Source: [1] Dogecoin’s Trendline Breakout Suggests Potential for Price Movement Toward $0.25–$0.29 Amid Increased Whale Activity (https://en.coinotag.com/dogecoins-trendline-breakout-suggests-potential-for-price-movement-toward-0-25-0-29-amid-increased-whale-activity/)