The post Will Dogecoin Price Breakout As Bulls Target $0.65 and Higher? appeared on BitcoinEthereumNews.com.

Dogecoin (DOGE) gained attention as traders monitored a potential breakout toward higher price levels at press time. After months of consolidation, DOGE traded above key moving averages and broke a major resistance trendline. Liquidation data showed reduced leverage, setting the stage for rising volatility. With historical patterns suggesting strong rallies after similar setups, many were watching if DOGE could push toward $0.65 and beyond soon. Technical Indicators Showed Bullish Momentum Dogecoin price showed strong bullish patterns across different time frames as the price traded above the 5-day, 10-day, and 20-day moving averages. This structure signaled powerful short-term buying momentum. Analysts suggested it could support future price rises if maintained over the coming weeks. Resistance near the $0.185 level remained important, while support at $0.175 has held firm, giving bulls control. According to GEMXBT, the Relative Strength Index (RSI) was in overbought territory, and the Moving Average Convergence Divergence (MACD) indicator remained bullish. That indicated strong ongoing momentum. Source: X Analysts cautioned that high RSI levels could trigger a short-term pullback. But if the price is above the moving averages, then there could be further upward movement of the DOGE. Short-term fluctuations were possible, but more attention was paid to other critical levels that indicated further direction of trade. Dogecoin Price Breakout Pattern and Momentum Build-Up According to an analysis shared by Trader Tardigrade, Dogecoin recently broke out of a mid-term resistance trendline that had held for months. This is similar to a breakout pattern we noticed in February of this year, where DOGE rose sharply after accumulating a good amount of steam. Tardigrade explained, “There is no sign of a false break, and the technical setup looks explosive.” He added that a falling wedge breakout and double bottom accumulation pattern have both been confirmed. Traders watched these patterns closely, as…

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Filed under: News - @ April 29, 2025 11:23 am