Dogecoin Price Pushes Toward Breakout After Strong Weekly Gains
- Dogecoin is retesting its point of control at $0.25 with buyers stepping in strongly.
- Fibonacci levels highlight $0.35 as the main target, with extensions toward $0.36 and $0.40.
- DOGE trades near $0.287, and volume will decide whether this rally confirms or fades.
Dogecoin’s price has been creeping higher over the past week, with momentum building at the upper edge of its consolidation range. On the daily chart, this looks like the meme coin is preparing for a bigger move. A fresh analysis shared by The_Alchemist_Trader on TradingView suggests DOGE could be gearing up for a rally, with short-term targets around $0.35 and even $0.6 if the longer trend unfolds.
This shift in tone comes right after Dogecoin bounced from $0.20 last week, forming a sturdy base for another leg upward. The key now is whether DOGE can hold above its point of control, a price area that has dictated much of its structure since February.
Dogecoin Retests Point of Control With Bullish Momentum
According to the analysis, Dogecoin is testing its point of control—basically a high-volume resistance zone where price has kept bouncing around for months. Buyers stepped in heavily around $0.25 over the last 48 hours, showing strong defense at the mid-level of this range.
A daily close above this zone, especially with volume support, could shift Dogecoin from sideways trading into a defined upward rally. Without that backing, though, the move risks becoming another false breakout. At press time, DOGE was trading around $0.287, already up more than 12% on the day and 33% over the week.
Fibonacci Levels Point to $0.35 and Beyond
Analysts often lean on Fibonacci levels for DOGE’s price roadmap, and this setup is no different. A clean break over $0.25 clears the path to the 0.618 Fib level around $0.35, marking the first major target. Beyond that, the chart highlights possible extensions to $0.36 at the 0.66 Fib and $0.40 at the 0.786 Fib.
Reaching $0.35 would not just be a technical win—it would also confirm Dogecoin’s return to bullish dominance above its long-held consolidation range. From there, sustaining closes above $0.30 would be a strong sign of renewed strength in the meme coin’s trend.
Dogecoin Price Outlook: Breakout or Fakeout?
For now, Dogecoin’s short-term bias tilts to the upside. But everything depends on whether volume keeps flowing in. A breakout without heavy participation from buyers could unravel quickly and send DOGE sliding back into range-bound trading.
Still, with the price pressing against the upper trendline of its multi-month range, momentum looks bullish. If buyers keep stacking in, the path toward $0.35—and possibly higher—remains very much alive.
The post Dogecoin Price Pushes Toward Breakout After Strong Weekly Gains first appeared on BlockNews.
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Dogecoin Price Pushes Toward Breakout After Strong Weekly Gains
- Dogecoin is retesting its point of control at $0.25 with buyers stepping in strongly.
- Fibonacci levels highlight $0.35 as the main target, with extensions toward $0.36 and $0.40.
- DOGE trades near $0.287, and volume will decide whether this rally confirms or fades.
Dogecoin’s price has been creeping higher over the past week, with momentum building at the upper edge of its consolidation range. On the daily chart, this looks like the meme coin is preparing for a bigger move. A fresh analysis shared by The_Alchemist_Trader on TradingView suggests DOGE could be gearing up for a rally, with short-term targets around $0.35 and even $0.6 if the longer trend unfolds.
This shift in tone comes right after Dogecoin bounced from $0.20 last week, forming a sturdy base for another leg upward. The key now is whether DOGE can hold above its point of control, a price area that has dictated much of its structure since February.
Dogecoin Retests Point of Control With Bullish Momentum
According to the analysis, Dogecoin is testing its point of control—basically a high-volume resistance zone where price has kept bouncing around for months. Buyers stepped in heavily around $0.25 over the last 48 hours, showing strong defense at the mid-level of this range.
A daily close above this zone, especially with volume support, could shift Dogecoin from sideways trading into a defined upward rally. Without that backing, though, the move risks becoming another false breakout. At press time, DOGE was trading around $0.287, already up more than 12% on the day and 33% over the week.
Fibonacci Levels Point to $0.35 and Beyond
Analysts often lean on Fibonacci levels for DOGE’s price roadmap, and this setup is no different. A clean break over $0.25 clears the path to the 0.618 Fib level around $0.35, marking the first major target. Beyond that, the chart highlights possible extensions to $0.36 at the 0.66 Fib and $0.40 at the 0.786 Fib.
Reaching $0.35 would not just be a technical win—it would also confirm Dogecoin’s return to bullish dominance above its long-held consolidation range. From there, sustaining closes above $0.30 would be a strong sign of renewed strength in the meme coin’s trend.
Dogecoin Price Outlook: Breakout or Fakeout?
For now, Dogecoin’s short-term bias tilts to the upside. But everything depends on whether volume keeps flowing in. A breakout without heavy participation from buyers could unravel quickly and send DOGE sliding back into range-bound trading.
Still, with the price pressing against the upper trendline of its multi-month range, momentum looks bullish. If buyers keep stacking in, the path toward $0.35—and possibly higher—remains very much alive.
The post Dogecoin Price Pushes Toward Breakout After Strong Weekly Gains first appeared on BlockNews.
Читать больше
First Ever U.S. Based Dogecoin ETF Launch Breaks Volume Records: What You Need to Expect Next