Dogecoin Eyes a Breakout: Is $0.25 Next?
dogecoin (DOGE) is back in the spotlight, surging an impressive 32% over the past week and currently trading near $0.165.
With growing bullish momentum and renewed interest from traders, all eyes are now on a potential breakout that could send prices even higher.
Key Resistance and Breakout Levels
DOGE is approaching a critical resistance zone around $0.18. A strong daily close above this level could trigger a bullish wave, potentially pushing the price toward $0.22 and even $0.25 in the short term.
This level has acted as a barrier in the past, so a clean break would be a significant technical signal.
Support Zones to Watch
However, it’s not all smooth sailing. Bulls must protect the $0.15 support level. If Dogecoin fails to hold this area, the price could retrace back to $0.13, a previous demand zone.
A deeper dip could even see DOGE testing $0.12 or the psychological level at $0.10.
Conclusion
Dogecoin is showing strong signs of life, but the next few days will be crucial.
A breakout above $0.18 could set the stage for a major rally, while a failure to hold support might invite short-term bears.
Comments
Post a Comment