Dogecoin ($DOGE) has surpassed a key resistance level in the $0.27-$0.29 range, indicating potential for further price growth.
Breakout Signals Fresh Momentum
In recent days, the cryptocurrency has emerged from months of range-bound movement, moving past the $0.27 - $0.29 area. This movement indicates renewed buying power increasing Dogecoin's rounds of higher objectives. Crypto analyst Ali noted on X that Dogecoin may pause briefly before advancing toward $0.45.
Key Retest at $0.276
At the time of writing, Dogecoin trades near $0.2763, retesting the same area that once acted as resistance. Such retests are common after breakouts, as prices often return to confirm support before resuming their trend. Technical indicators suggest the setup remains constructive, supporting the case for continuation once the current cooling phase ends.
Path Toward $0.45
Holding the $0.276 support will be key for the short-term direction. If maintained, Dogecoin’s immediate objectives lie around $0.32 to $0.35. A move through this zone could clear the way for a broader rally toward $0.45.
Despite short-term fluctuations, Dogecoin's recent growth and support at critical levels offer optimism regarding future price direction.
