Is Dogecoin repeating a breakout pattern? – Here’s why $0.30 is firmly in sight!
The post Is Dogecoin repeating a breakout pattern? – Here’s why $0.30 is firmly in sight! appeared on BitcoinEthereumNews.com.
Dogecoin maintained its crucial $0.20 support, showing resilience despite broader market weakness. Key technical indicators are worth watching for confirmation of a sustained move higher. Dogecoin [DOGE] is stubbornly holding above the crucial $0.20 support level, even as the broader market sheds risk. This resilience hints that buyers are stepping in strong, potentially turning this zone into a solid floor. With risk-on sentiment likely to re-emerge, is DOGE primed for a potential retest of $0.30 resistance? Why $0.20 is a make-or-break level for Dogecoin DOGE’s daily chart is showing some classic setups. Historically, when Dogecoin consolidates in a tight two-week range, it’s usually gearing up for a big move. Before the breakout on the 8th of May, DOGE hung between $0.15 and $0.17, playing it cool. Then, as Bitcoin [BTC] hit fresh all-time highs, capital rushed back, sending DOGE on a nearly 50% sprint to $0.25 in just three days. In fact, the RSI hit a major peak here – the first time since November. So some profit-taking was inevitable. Source: TradingView (DOGE/USDT) Still, Dogecoin has shown impressive resilience, trading within a solid $0.20 to $0.25 range despite ongoing market deleveraging. For a memecoin, that kind of resilience screams strategic accumulation, with savvy buyers quietly stacking under the radar. If history is any guide, traders are clearly strategizing for a repeat rally. Once the macro FUD eases and Bitcoin clears its overhead resistance, Dogecoin could be primed to break above $0.25, with $0.30 firmly in its sights. FOMO alert: Why traders can’t ignore DOGE now Supporting AMBCrypto’s call, DOGE’s largest whale holds between 100 million and 1 billion coins. The whale’s balance just hit a monthly high of 26.44 billion DOGE. In less than a week, they added 640 million more coins. Source: Santiment That move wasn’t subtle. It lined…
Filed under: News - @ May 25, 2025 6:17 am