The post Dogecoin Price Eyes 50% Rally As Bullish Triangle Breakout Nears appeared on BitcoinEthereumNews.com.

Key Insights: Dogecoin price has jumped around 20% in a week but remains up only 7.6% over three months, showing muted longer-term action. A bullish ascending triangle pattern points to breakout targets at $0.28 and $0.36 if DOGE clears $0.25 with strong volume. Key resistance sits at $0.29, which has rejected the price three times this year, while support remains strong at $0.23. Dogecoin price is up almost 20% over the past week, a sharp move for a coin that has spent months stuck in a tight range. Over the last three months, DOGE has managed only 7.6% gains, showing just how muted its performance has been compared to other top cryptos. This time, though, the price action looks different. With a bullish chart pattern forming and momentum building, DOGE price may finally have the legs to move much higher. Traders are now paying close attention to key breakout levels that could open the door to a rally toward $0.36. Ascending Triangle Pattern Points to a Stronger Dogecoin Price Action Dogecoin’s daily chart is showing a bullish ascending triangle. It is a pattern that forms when the price makes higher lows while facing the same horizontal resistance. Notably, this indicates that buyers are steadily becoming more aggressive, willing to pay more on each dip. The upper boundary of this triangle sits at $0.25, which has become the first big breakout trigger. Dogecoin Price Action- Source: TradingView If DOGE price can close above $0.25 with strong volume, the next targets are $0.28 and then $0.36. The latter would represent a roughly 50% rally from the current level of Dogecoin price. Increasing Dogecoin price momentum- Source: TradingView Momentum indicators are backing this bullish picture. The MACD (Moving Average Convergence Divergence) has slipped into positive territory for the first time in weeks. This…

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Filed under: News - @ August 11, 2025 10:28 pm