The post Dogecoin Breakout Incoming? $3 Target On The Horizon—Analyst appeared on BitcoinEthereumNews.com.

Dogecoin has held steady above $0.22 since May 20 and climbed back after a brief dip. It hit $0.25 on May 23, then eased into the weekend. In the last 24 hours, the token is up 4.1%. Over a week, it’s up 5%, even though it slipped midweek. The Triangle Pattern According to TradingView analyst Akbar Karimzsfeh, Dogecoin has been tracing a long, tightening triangle since its all-time high of $0.73536 on May 3, 2021. That peak was followed by a drop to $0.048 on June 13, 2022. Since then, every attempt to break lower—on June 5, August 14 and October 9 of 2023—has failed. The lines of the triangle are closing in. When they meet, a sharp move is likely. Key Resistance Levels Based on data, the upper trendline of the triangle also matches the top of a large “cup” pattern around $0.4916. There was an attempted breakout in December 2024, and prices almost hit that $0.4916 mark but got pushed back. After that, DOGE slid down to $0.13. It has since recovered some ground, but it still has to clear that $0.4916 hurdle before bulls can claim real control. Recent Price Moves Dogecoin hovered around $0.22 between May 20 and May 26. It peaked at $0.25 on May 23, only to slip afterward. Then the last 24-hour gain of 4.1% showed it can bounce from support. The 5% weekly rise points to steady buying, even with some pullbacks in the middle of the week. Traders are watching for a daily close above $0.50 as a sign that the long squeeze is over. On-Chain Metrics Rise On-chain data backs up the price action. New addresses have jumped by 102.40% in the past seven days. Active addresses climbed 111.32%. Zero balance addresses went up 155.45%. That suggests more people are…

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Filed under: News - @ May 27, 2025 6:22 am