Usman Salis
Dogecoin just shattered through $0.28 and isn't looking back. After months of sideways grinding, DOGE has finally broken out of its descending channel and reclaimed the higher ground that bulls have been waiting for. The momentum is real, the volume is backing it up, and now all eyes are on that crucial $0.34 resistance level.
Chart Breakdown: Clean Breakout Pattern
The daily chart tells a compelling story. DOGE is trading at $0.2829, up 2.74%, with the kind of clean breakout structure that gets traders excited. That key support at $0.2596 has been flipped into a launching pad, and the buying pressure is obvious from the volume spikes. Trader Crypto Melih has a smart game plan - he's planning to trim most of his position once DOGE hits a new daily high and fully exit in that $0.317–$0.340 box. That's the kind of disciplined approach that separates winners from bag holders.
- Immediate Support: $0.2596 (the foundation)
- Secondary Supports: $0.2244 and $0.2115 (fallback zones)
- Primary Resistance: $0.317–$0.340 (the profit-taking battleground)
- Upside Potential: Above $0.34 opens the door to much higher levels
The RSI is showing strong bullish momentum but it's creeping toward overbought territory. That suggests we might see some short-term pullbacks, which would actually be healthy for the overall trend.
What's Driving This Rally
Three big factors are pushing DOGE higher right now. The broader crypto market is firing on all cylinders with Bitcoin and Ethereum posting solid gains. Speculative money is flooding back into memecoins, and DOGE remains the undisputed king of that space. Plus, there's growing talk about potential monetary easing, which typically pumps more liquidity into risk assets like crypto.
The fundamentals are lining up nicely for DOGE's bullish case, but that $0.317–$0.340 resistance zone is going to be the real test. Break above that, and we could be looking at a much bigger move to the upside.
Usman Salis
