- Dogecoin breaks a year-long trendline, building strong bullish momentum as traders eye the $0.30 resistance level.
- DOGE gains 3.40% daily, fueled by ETF launch, rate cuts, and DATs buying up 5% of supply, signaling strong demand.
- Market structure shifts from bearish to bullish as RSI hits 73.30 and moving averages converge near current prices.
Dogecoin has staged a breakout after months of pressure, signaling a potential trend reversal in the crypto market. The price now trades at $0.28501, marking a 3.40% daily gain.
According to analyst Unipcs data shared on X, DOGE recently broke out of a one-year descending triangle. This move follows a prolonged correction phase that began in late 2024, when prices peaked near $0.50 before sliding to $0.15.
Besides price action, several catalysts are aligning. Unipcs noted Dogecoin’s setup mirrors the explosive moves of XRP in 2024. He pointed out that DOGE now benefits from multiple triggers, including the launch of the first Dogecoin ETF, rate cuts, and buying commitments from Dogecoin DATs.
Correction and Consolidation Phase
Between November 2024 and February 2025, Dogecoin faced heavy downward pressure. Prices fell nearly 66%, bottoming near $0.15. A descending trendline from the November peak held firm for almost ten months, limiting upward attempts and reinforcing bearish sentiment.
However, support formed strongly within the $0.15–$0.17 range during March and April. This level prevented further declines and created a base for recovery. During the first crash and the subsequent recovery, trading volume increased. Additionally, the RSI presently shows a distinct shift toward bullish momentum at 73.30.
Breakout and Technical Indicators
By September 2025, DOGE finally broke past the stubborn downward barrier near $0.25, and rising trading activity confirmed the comeback was real.
Additional evidence is offered by moving averages, where the 200-day and 50-day lines converge around the current levels. Such trends have historically come before notable changes in the market.
Additionally, candlestick structures in recent sessions reveal sustained buying pressure. Market structure has shifted from bearish to neutral and now leans bullish. As per the chart $0.30 is the next resistance level. A successful move above this zone could unlock higher targets.
Dogecoin’s breakout above a year-long trendline signals renewed momentum. With multiple catalysts in play, the memecoin could enter its strongest bullish phase in years.
