Saad Ullah
Dogecoin (DOGE) is back on traders’ watchlists this week after flashing a strong technical signal. DOGE has broken out of a months-long downtrend and bounced cleanly off major support. With volume picking up and momentum shifting, bulls could have a reason to lean back in.
Breakout From Wedge Puts DOGE Back in Play
DOGE is currently trading at $0.16597, up 9.70% on the week. On the weekly chart, the price has broken out of a descending wedge — a bullish reversal setup — and held above a key ascending trendline that’s been respected since early 2023.
Trading volume is ticking higher too, with 1.38 billion DOGE traded this week on Binance alone. That uptick in volume suggests real interest returning to the market. As @MarcoPoloMaps noted, RSI is also starting to recover, hinting at growing strength behind the move.
Next Target: $0.25
The next major level to watch? $0.25333, according to the chart. That zone acted as a key level in the past and now stands as the next big hurdle. If DOGE keeps climbing, that’s likely where traders will start taking profits or reassessing.
Of course, it’s still far from the early 2025 highs near $0.50–$0.55, but this breakout has caught attention. As the trader put it simply in his post: “Chart says send it.” And for now, that might just be the signal the market needed.
Conclusion
Whether you believe in Dogecoin’s long-term fundamentals or just watch the charts, one thing is clear: DOGE is moving again. After months of drifting lower, it’s showing signs of life — and with rising volume and cleaner structure, momentum could carry it further. The $0.25 level will be the next real test. If bulls clear that, the meme coin could start looking serious again.
Saad Ullah
