- Dogecoin breaks through a three-month-long descending trendline, signaling a shift in market sentiment.
- Dogecoin’s price surged 9.47% in the last 24 hours, reaching $0.2032, indicating strong upward momentum.
- The breakthrough above critical resistance levels suggests a potential bullish trend in the near future.
Dogecoin is currently breaking out of a three-month-long descending trendline that has held the cryptocurrency back since January 2025. This shift marks a significant development for the popular digital asset, indicating potential momentum in the market. Over the past several months, Dogecoin has been caught in a bearish pattern, but recent price movements suggest a reversal could be underway.
A Look at Dogecoin’s Recent Price Action
According to Trader Tardigrade’s observation on X, the price of Dogecoin has been consistently declining since the start of 2025, creating a descending trendline. Throughout this period, the digital asset failed to break through critical resistance levels.
However, trading data shows that Dogecoin is now showing signs of breaking free from this downtrend, potentially leading to a bullish outlook in the near future. The breakthrough above this descending trendline could signify a shift in market sentiment. If Dogecoin manages to maintain its upward trajectory, it could reach new price levels not seen since the early days of 2025.
Dogecoin Current Market Movement
According to CoinMarketCap data, it is notable that Dogecoin has experienced a price increase of 9.47% in the last 24 hours, reaching $0.2032. The market capitalization stands at $30.2 billion, with a trading volume of $2.01 billion, reflecting a 24.97% rise. The circulating supply of Dogecoin is 148.58 billion DOGE, which is equal to the total supply. The token’s fully diluted valuation (FDV) also remains at $30.2 billion.
On the price chart, DOGE shows a clear upward trend, with a marked surge around 3:00 PM on March 26, 2025. The price touched $0.2035 at that moment. Throughout the day, the volume remained consistent, peaking slightly during the surge. The chart reflects the significant rise in Dogecoin’s price, marking a clear upward movement in the market over the 24-hour period.
