Dogecoin Soars 18% in Three Days: Is a Major Breakout on the Horizon?

Andrew Chen
Dogecoin (DOGE)

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Dogecoin (DOGE) has made a strong comeback, surging 18% in just three days and securing its best weekly return of 2025. The meme coin is now trading above $0.19, marking a 12% gain over the past week. This performance makes DOGE the top performer among the 30 largest cryptocurrencies by market value, fueling renewed speculation about a potential breakout.

Key Support and Resistance Levels

Crypto analyst Ali Martinez has identified critical price levels that could determine Dogecoin’s next move. According to the UTXO Realized Price Distribution chart, DOGE has established strong support at $0.177, where over 11.89 billion coins were moved, accounting for 8.01% of total UTXOs. If volatility returns, this level may act as a cushion, preventing a sharp decline.

On the resistance side, Martinez highlights $0.207 as a significant hurdle, with 10.45 billion DOGE transacted at this price, representing 7.04% of UTXOs. If Dogecoin can break through this level, it could attract sidelined buyers, pushing the price higher.

$0.22: The Key Pivot Level

Renowned analyst Rekt Capital has pointed to $0.22 as a crucial pivot zone. He refers to this price as the “green zone of Pre-Halving highs,” noting that a weekly close above it could shift market control back to the bulls. While DOGE recently dipped below this threshold, he believes it may have been a temporary deviation rather than a full reversal.

The analyst also observed strong price wicks near $0.20 and $0.22, suggesting heightened volatility. Should Dogecoin maintain stability above these levels, it could indicate increasing strength among buyers.

Could Dogecoin Break Its All-Time High?

Crypto trader TradingShot has taken an even more bullish stance, suggesting DOGE might be in the early stages of a breakout. His analysis shows Dogecoin pushing past a “Lower Highs” trendline established on January 18. He sets a potential target at $0.80, surpassing the current all-time high of $0.73.

DOGE 1
Source: TradingShot

TradingShot further notes that the 1-day moving average at $0.30 presents a natural resistance point. However, with the daily RSI climbing and Dogecoin rebounding from the bottom of a one-year ascending channel, the market may be gearing up for a sharper bullish leg.

Rekt Capital remains cautiously optimistic, stating that a weekly close above $0.22 could shift momentum firmly in favor of buyers. If this occurs, Dogecoin could set its sights on higher resistance targets at $0.28 and $0.338, paving the way for a sustained rally.

Also Read: Dogecoin Eyes 10x Surge as Elon Musk Fuels Hype with Ghibli-Inspired Meme

As the crypto market watches closely, all eyes are on Dogecoin’s ability to maintain its upward trajectory. Will it break past resistance and set new highs, or will selling pressure force another retracement? The coming weeks will be crucial in determining DOGE’s next major move.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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