Usman Salis
Dogecoin just did something it hasn't done in months - it broke free from a brutal downtrend that's been crushing hopes since late 2024. Now comes the real test. DOGE is pulling back to that same line that once acted as resistance, and if it holds as support, we could be looking at the start of something big.
DOGE's Technical Breakout
The daily chart tells a clear story. For nearly a year, DOGE kept hitting its head against a descending trendline, getting rejected around $0.32-$0.48 multiple times. But recently, something changed. The price finally punched through that resistance and is now doing what every trader wants to see - retesting that breakout level around $0.238-$0.240.
Trader Hardy called this setup perfectly, noting it's a textbook bullish continuation pattern. When a coin breaks resistance and then holds it as support, that's often when the real move begins.
Key Levels That Matter Right Now
- Support Zone: $0.238–$0.240 (the old resistance turned support)
- Immediate Resistance: $0.273–$0.280
- Major Weekly Resistance: $0.328–$0.358
- Long-Term Resistance: $0.481
If DOGE can stay above $0.24, the bulls stay in charge. Break past $0.28, and we're likely heading straight for that $0.33-$0.36 zone where things get interesting.
Breaking a year-long downtrend isn't just noise - it's a major shift in sentiment. The broader altcoin market is waking up after months of boring sideways action, and memecoins are starting to catch speculative money again. DOGE has always been the gateway drug for retail investors diving into crypto, and when it moves, others usually follow.
The timing feels right too. While Bitcoin and Ethereum have been doing their thing, the smaller altcoins have been left behind. That rotation into riskier assets could be starting, and DOGE is perfectly positioned to benefit.
Usman Salis
