TLDR:
- Dogecoin price sits above $0.25, holding a higher low trend since April, according to Daan Crypto Trades.
- Analysts point to $0.39 and $0.43 as major resistance levels that could trigger the next DOGE rally.
- DOGE remains above its 200-day EMA and MA, showing bulls are defending long-term trend support on the chart.
- CoinGecko data shows DOGE up 6.85% in 24 hours and 11.3% in 7 days, signaling growing market momentum.
Dogecoin is keeping traders on edge after holding above a key support level, maintaining its higher low structure. The popular meme coin has been moving steadily upward since April, despite a choppy trading pattern.Â
Analysts say the current structure shows strength if it continues to hold its base. The next move could depend on whether the token clears its overhead resistance levels. With trading volumes rising, all eyes remain on DOGE’s next breakout attempt.
Dogecoin Price Holds Above Support
According to trader Daan Crypto Trades, Dogecoin has been forming higher lows on the chart, similar to larger cryptocurrencies.
He pointed out that the price action since April has been choppy but tilted upward. The coin’s resilience around support has given bulls reason to stay engaged.
The chart shows DOGE trading near $0.2572, supported by the 200-day moving averages. The $0.22 level has been an important floor that price has respected multiple times. Traders see this as a healthy base for further upward movement.
Stronger support sits deeper near $0.142, a level that marked historical rebounds. Analysts say if DOGE revisits this zone, it would need to maintain its higher low formation. A breakdown could challenge the bullish pattern. For now, bulls appear in control above the moving averages.
CoinGecko data confirms the current upward momentum. At press time, DOGE trades at $0.2585, up 6.85% in 24 hours. Over the past seven days, the coin has gained 11.3%, reflecting strong near-term demand.
DOGE Price Eyes Resistance at $0.39 and $0.43
The resistance levels at $0.3968 and $0.4348 are seen as the main barriers to the next move. These zones have stopped rallies in the past, creating areas of interest for traders. Clearing them could open the way to larger gains.
Daan Crypto Trades noted that the trend remains constructive as long as higher lows and higher highs continue.Â
He explained that the price structure suggests a larger move will eventually occur if DOGE holds its path. The pattern shows that bulls are defending key zones while waiting for momentum to expand.
Technical indicators continue to lean in favor of the buyers. Both the 200-day EMA and MA are sloping upward, signaling an intact bullish trend. As long as price stays above these averages, traders expect the structure to remain supportive.
Market watchers now focus on whether Dogecoin can generate enough strength to break through resistance. A breakout above $0.43 could change the near-term outlook and confirm a stronger rally. Until then, the coin is consolidating within its upward structure.
The post Dogecoin Holds $0.25 Support: Here Are the Next DOGE Price Levels to Watch appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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