Dogecoin (DOGE) has surpassed the $0.25 resistance level, marking a significant market shift with rising trade volume.
Breakout at $0.25
Dogecoin has firmly closed above the $0.25 level, confirming a breakout pattern. At press time, the token was trading at $0.27, a 9% increase within the last 24 hours and a 34% rise over the past week. Traders are observing whether the $0.25 level will serve as short-term support.
Momentum and Overbought RSI
Technically, both the price and RSI are forming higher highs, indicating strong movement in the market. However, the RSI indicates overbought conditions; a brief pullback may occur, and it is crucial to maintain the $0.25 level during any price dips.
Price Targets and Whale Activity
If support holds, the next price targets are set at $0.31 and $0.42, based on previous resistance levels and recent trading volumes. In the last two days, large wallets have accumulated over 1 billion DOGE, reflecting confidence among major players during the breakout phase.
Dogecoin continues to draw investor interest, confirming solid growth and highlighting key support and resistance levels for traders.
