The post Dogecoin Price Prediction: Resistance, Bullish Targets Above $0.20? appeared on BitcoinEthereumNews.com.

Dogecoin (DOGE) recently made a technical move that caught the attention of many traders. After creating an ascending triangle pattern, the meme coin reached a significant resistance level of approximately $0.168. Supply and demand data suggest that buyers currently show remarkable commitment due to the formation of a positive chart pattern. According to crypto analysts, since DOGE’s price is trading near $0.1820, bulls may drive it toward breaking the $0.20 ceiling. Dogecoin Price Breaks Key Resistance as Bullish Pattern Forms DOGE price demonstrated an ascending triangle breakout while continuing to form higher lows during the past week. The pattern displayed growing demand, which attracted more participants to buy the cryptocurrency. DOGE’s value surpassed the resistance threshold at $0.168. It produced valid verification after it crossed the barrier. Analysts established key support points at 1.272, matching the value at $0.18025, 1.414 at $0.18673, and 1.618 at $0.19445. The price points function as potential seller entry points since prior rallies experienced slowing momentum in these locations. Dogecoin price must maintain its upward trend and attract new buyers to surpass the technical indicators before reaching $0.20. Source: X Analysts also provided extended-term price targets for estimation. Price data from previous periods indicated DOGE reached more than a 500% increase after several consecutive higher low points formed. As projected from current price trends, the price can reach $0.6533 during the future rallying pattern. However, these figures remain speculative. Critical Support Levels and Retest Zones are Now in Focus After breaking out the triangle pattern, DOGE traded inside a narrow range between $0.15 and $0.18. The price had tested both ends of this range but returned inside each time. That indicated indecision before the recent breakout. During this time, analysts noted the importance of the $0.168 zone as a potential support level. Market participants monitored…

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Filed under: News - @ April 26, 2025 9:02 pm