The post Dogecoin Price Prediction: DOGE Targets $0.31 Resistance Amid Bullish XRP News appeared on BitcoinEthereumNews.com.

Dogecoin (DOGE) has been on an impressive rally, gaining 15% in the past week as technical indicators signal further upside potential. The meme-based cryptocurrency is currently pushing toward the $0.31 resistance level, with traders eyeing even higher targets. Meanwhile, the broader crypto market, particularly XRP, is also experiencing significant bullish momentum, adding to the overall positive sentiment. Dogecoin’s Strong Uptrend and Key Resistance Levels DOGE has recently broken through critical resistance at $0.20, a level where 7% of its total supply is concentrated. With little resistance between $0.20 and $0.31, analysts believe a rapid move toward the latter is likely. According to crypto trader Cephii, Dogecoin’s next price discovery phase could be just weeks away. He described the market setup as “mostly waiting and then gigapump,” implying a potential breakout on the horizon. Dogecoin price tests $0.20 resistance and targets the $0.31 level following fresh bullish momentum. Source: TradingView Further supporting this outlook, Coinglass data shows that DOGE’s open interest spiked by 16.7% in a single day, reaching $2.18 billion. This suggests increasing market participation and growing confidence among traders. Technical Indicators Suggest Bullish Momentum Technical analysis suggests that there are some bullish formations appearing on the DOGE chart. The cryptocurrency has recently broken above a falling wedge pattern, typically a strong bullish sign. The Moving Average Convergence Divergence (MACD) has also become positive, confirming the probability of a strong rally. Dogecoin is forming a bullish cup and handle pattern, signaling a potential breakout as it finds support at key moving averages. Source: Manish08093 on TradingView Another key factor driving hope is the cup-and-handle chart pattern, one of the most recognized bullish continuations. When this pattern appears, analysts indicate DOGE can break above $0.31 and move higher to resistance levels at $0.35 and even $0.42. Market analyst Dmitry Chernovolov emphasized…

---

Filed under: News - @ March 26, 2025 11:21 pm