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Dogecoin (DOGE) Heats Up: Upside Move Hints at Major Breakout Ahead

SCRYPTO MAGAZINE by SCRYPTO MAGAZINE
May 23, 2025
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Dogecoin (DOGE) Bulls Flex Strength: Momentum Builds for Next Move
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Dogecoin began a recent enhance and climbed above the $0.2420 zone towards the US Greenback. DOGE is now correcting positive aspects and may begin one other enhance.

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  • DOGE value began a recent enhance above the $0.2320 and $0.2420 ranges.
  • The value is buying and selling above the $0.2420 stage and the 100-hourly easy transferring common.
  • There’s a connecting bullish pattern line forming with assist at $0.2460 on the hourly chart of the DOGE/USD pair (knowledge supply from Kraken).
  • The value may begin a recent enhance if it clears the $0.2550 resistance zone.

Dogecoin Value Extends Features

Dogecoin value began a recent enhance after it discovered assist close to $0.2220, like Bitcoin and Ethereum. DOGE climbed and recovered above the $0.2350 resistance zone.

The bulls even pushed the value above the $0.2420 resistance zone. Nevertheless, the bears have been lively close to the $0.2550 stage. A excessive was fashioned at $0.2542 and the value is now correcting some positive aspects. There was a transfer beneath the 23.6% Fib retracement stage of the upward transfer from the $0.2227 swing low to the $0.2542 excessive.

Dogecoin value is now buying and selling above the $0.2450 stage and the 100-hourly easy transferring common. There may be additionally a connecting bullish pattern line forming with assist at $0.2460 on the hourly chart of the DOGE/USD pair.

Dogecoin Price

Instant resistance on the upside is close to the $0.2550 stage. The primary main resistance for the bulls could possibly be close to the $0.2620 stage. The following main resistance is close to the $0.2650 stage. An in depth above the $0.2680 resistance may ship the value towards the $0.280 resistance. Any extra positive aspects may ship the value towards the $0.2840 stage. The following main cease for the bulls could be $0.30.

Draw back Correction In DOGE?

If DOGE’s value fails to climb above the $0.2550 stage, it may begin one other decline. Preliminary assist on the draw back is close to the $0.2450 stage and the pattern line. The following main assist is close to the $0.2385 stage and the 50% Fib retracement stage of the upward transfer from the $0.2227 swing low to the $0.2542 excessive.

The primary assist sits at $0.2320. If there’s a draw back break beneath the $0.2320 assist, the value may decline additional. Within the said case, the value may decline towards the $0.220 stage and even $0.2120 within the close to time period.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum within the bullish zone.

Hourly RSI (Relative Energy Index) – The RSI for DOGE/USD is now above the 50 stage.

Main Help Ranges – $0.2450 and $0.2350.

Main Resistance Ranges – $0.2550 and $0.2620.



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