- Dogecoin stays firm at the $0.24 support level, hinting at a breakout towards $0.30.
- Historical patterns reveal DOGE spiked 94x and 190x when Bitcoin registered its all-time weekly highs in 2017 and 2020.
- Technical breakouts indicate $0.28–$0.30 resistance; failure at $0.25 threatens a dip back to $0.21.
Dogecoin’s price is showing signs of a potential breakout, exciting traders with optimistic forecasts. Over the past month, DOGE’s MACD indicator flipped positive, and the coin has maintained critical support above $0.24. This technical strength has reignited hopes for a substantial upward move beyond $0.30.
Currently consolidating above key support levels, Dogecoin attracts bullish predictions suggesting it could surpass the symbolic $1 mark. Investors and analysts are watching closely as the meme coin gains momentum, driven by renewed interest and favorable market conditions tied to Bitcoin’s performance.
Dogecoin Poised for Third Explosive Growth Cycle
A prominent crypto analyst shared a striking comparison of historical Bitcoin and Dogecoin cycles. The analysis reveals that Dogecoin’s massive rallies in 2017 and 2020 closely followed Bitcoin’s weekly candle closes at record highs, with DOGE increasing by 94x and 190x respectively.
In Cycle 1 (2017), Dogecoin exploded with a 94x gain after Bitcoin’s breakout. In Cycle 2 (2020), the meme coin skyrocketed by an astounding 190x. Now, with Bitcoin hovering just beneath its previous peak in 2025, crypto watchers are closely monitoring whether history will repeat itself.
A confirmed weekly close through BTC’s current high might mark the commencement of Cycle 3 and the potential for Dogecoin’s greatest performances ever. “Watch the weekly close,” the tweet warns, referencing the explosive chart pattern following prior breakouts. If the past is any indication, the dogecoin might be gearing up to make its biggest jump yet.
Dogecoin Eyes $0.28–$0.30 Resistance Zone
DOGE is experiencing a notable uptick in its market performance as Bitcoin edges closer to its all-time high. Currently, DOGE is trading at approximately $0.25125, marking a 4.5% increase over the past 24 hours. The cryptocurrency boasts a market capitalization of around $37.6 billion, with a 24-hour trading volume of $2.75 billion.
Technical charts indicate DOGE breaking out from a downtrend falling wedge and approaching convergence of the key EMAs (26, 50, 100). This confluence typically precedes a strong buying phase and can indicate DOGE might rise to $0.28-$0.30, a zone that functions as a psychological level of resistance.
But traders should still caution if DOGE cannot hold up over the $0.25 resistance level, and a retreat towards support at $0.21 can be expected. Volume is increasing but hasn’t yet reached levels indicative of strong spec buying enough to signal the current upsurge may persist.
Read More: Dogecoin Breaks Bullish Pattern, Targets Strong Rally Toward $0.31