The post DOGE Price Breakout Sparks $0.89 Target Hype Amid Sentiment Shift appeared on BitcoinEthereumNews.com.

DOGE price is gaining traction after a trendline breakout, with traders targeting $0.89. However, heavy liquidation pressure below $0.175 poses short-term risks, despite bullish signals from RSI and sentiment flips. Analysts Turn Bullish as DOGE Price Trendline Breakout Clears Dogecoin (DOGE) price is once again back in the spotlight after traders flagged a technical breakout, triggering renewed bullish sentiment across the market. DOGE traded at $0.1708 at press time, up nearly 4% in the past 24 hours. DOGE/USD 1-day price chart. Source: Naman/X Crypto trader Naman noted that DOGE has completed a trendline breakout and retested the zone successfully. In a March 30 post on X, he projected a price target of $0.89, citing a resistance zone at $0.5 as the next hurdle. “It is now ready to start its rally upwards,” he stated, adding that beyond $0.5, DOGE has a “freeway.” That optimism echoed broader market sentiment. Ali Martinez wrote, “Anxiety is building among DOGE holders. When sentiment flips like this, volatility often follows.” Dogecoin Long term holder NUPL. Source: Ali Martinez/X DOGE’s market cap currently stands around $24.4 billion, making it the eighth-largest cryptocurrency. Liquidity Risks Linger Below Key Support According to data from TheKingFisher’s liquidation scan, long liquidations are stacked heavily below the $0.175 level. This creates a potential liquidity magnet, meaning price could briefly dip lower to clear out overleveraged positions. Above $0.185, however, short liquidations are sparse, hinting at limited fuel for an aggressive upside. Source: TheKingFisher/X Analyst Trader Tardigrade pointed out a bullish divergence on DOGE’s hourly relative strength index (RSI), which often signals a short-term reversal. He commented, “DOGE might be finding its bottom.” Source: Trader Tardigrade/X While this could support a relief bounce, the looming liquidation cluster presents a critical risk for bulls. DOGE Price Cycle Pattern Adds to Uptrend Narrative ÐOGECAPITAL…

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Filed under: News - @ March 31, 2025 12:13 am