Dogecoin Surges 18% in Three Days, Top Weekly Gains of 2025

Dogecoin (DOGE) has experienced a notable surge in its price, rallying 18% over the past three days and emerging as the top-performing cryptocurrency among the top 30 by market capitalization over the past week. This performance marks DOGE's highest weekly returns of 2025, a milestone not seen since the final week of 2024.

Onchain data from Glassnode reveals that 7% of the DOGE supply is concentrated at the $0.20 price level. This concentration suggests that $0.20 could act as a resistance level. However, if this level is breached, the next significant resistance cluster is at $0.31, indicating a potential for a sharp price increase with minimal resistance in between. This scenario raises the possibility of a 55% surge from the $0.20 level, potentially leading to a bullish market structure on the high time frame chart.

Following the $0.20 level, the next resistance zone for DOGE lies between $0.32 and $0.41, where the 3 to 6-month HODL waves reside. These waves represent the price points at which investors bought DOGE in January and could act as a sell ceiling as traders might look to exit their positions at break even.

The recent rally in DOGE's price can be attributed to the announcement by House of Doge, the corporate wing of the Dogecoin foundation, regarding the launch of “The Official Dogecoin Reserve.” This initiative involves an initial purchase of 10 million DOGE tokens, aimed at ensuring liquidity, stability, and reliability in the Dogecoin payments ecosystem. Although the tokens have not yet been transferred to the holding account, the announcement has created a positive sentiment within the Dogecoin community.

Additionally, Dogecoin has broken through a three-month descending trendline that formed over the course of 2025. This breakout has bullish implications for the short term, suggesting that DOGE is poised for a relief rally in the coming days.

While the current trend is positive, it is crucial for investors to approach this opportunity with caution. The cryptocurrency market is known for its volatility, and price movements can be unpredictable. Conducting thorough research and understanding the risks involved are essential steps before making any investment decisions.