- DOGE holds trendline, eyes 600% surge to $0.93
- Breakouts confirm bullish path toward $1.25
- MACD and RSI show strong upward momentum
Dogecoin has surged by over 400% after bouncing from its ascending support trendline. The recent price action follows a period of sideways trading, and multiple technical breakouts have confirmed a strong upward trend. Analysts now suggest a +600% gain could be on the horizon, targeting $0.93.
Technical Breakouts Push Dogecoin Toward Higher Targets
According to analysis prepared by Javon Marks, Dogecoin has maintained a macro pattern of higher lows since the beginning of the year. This trend shows that buyers have been consistently entering the market after each dip. Marks compared this setup to a previous phase that resulted in a 500% rally.
The structure now supports targets of $0.6533 and possibly $1.25 if momentum continues. Marks noted, “If the current pattern holds, DOGE may follow a similar path as in previous breakouts.” This bullish structure has formed as DOGE price bounced strongly from its long-term ascending trendline.
Another technical development came from analyst Ali Martinez, who reported that Dogecoin broke out of an ascending triangle on the hourly chart. This triangle formed between a rising trendline and horizontal resistance near $0.162. After the breakout, the price climbed, with the pattern projecting a target of $0.195.
Price Holding Above Key Support as Momentum Builds
After surpassing the 50-day simple moving average, Dogecoin reached highs of $0.1855 before pulling back slightly. The move above this level marked the first time DOGE had traded above it since December 2024. The price is now stabilizing around $0.172 as traders assess the next move.
The RSI is holding above 60, showing increased buying activity, while the MACD remains bullish. Short-term resistance remains at $0.185, but a breakout above this level could lead to a new wave of buying. If current support holds, Dogecoin may continue targeting $0.50, $0.73, and $0.93 in the coming sessions.
