Saad Ullah
Dogecoin has caught traders' attention as it approaches a crucial resistance zone. After spending months moving sideways, the meme coin has quietly built a pattern of higher highs—a classic sign that buyers are gaining control. The big question now is whether DOGE can push past the $0.30 barrier that has held it back multiple times.
Technical Picture Shows Growing Strength
The daily chart reveals several encouraging signals for Dogecoin bulls:
- Rising Pattern: Since spring 2025, DOGE has formed consecutive higher highs, with each peak showing increased buying pressure
- Key Resistance at $0.30: This level has acted as a ceiling, but breaking through could unleash momentum toward $0.40-$0.55
- Solid Support Zone: The $0.20-$0.21 area, dubbed the "post-Trump bottom," has provided reliable buying interest
- Neutral RSI: With the momentum indicator around 50, there's plenty of room for upward movement before hitting overbought levels
This technical setup has caught the eye of analysts like @ChandlerCharts, who suggests that another push above $0.30 would silence critics claiming the bull run is finished.
Several factors are lining up in DOGE's favor right now. The altcoin rotation is picking up steam as Bitcoin takes a breather, sending traders hunting for higher-risk, higher-reward plays. Dogecoin's passionate community has a track record of amplifying technical breakouts into explosive moves. Meanwhile, expectations of looser monetary policy and improved global liquidity are creating a friendlier environment for speculative assets like meme coins.
Price Outlook: Two Scenarios in Play
If DOGE breaks above $0.30 convincingly, momentum traders could pile in and push the price toward $0.40, with potential extensions to $0.50-$0.55 if the rally gains steam.
However, if $0.30 proves too strong, DOGE might retreat to its $0.20 support area, which could undermine the bullish structure and force traders to reassess their positions.
The next few trading sessions will be crucial for determining which path Dogecoin takes.
Saad Ullah
