Dogecoin breaks through a three-month descending trendline, indicating potential shifts in market sentiment.
Dogecoin’s Recent Price Action
According to Trader Tardigrade's observation, since the beginning of 2025, Dogecoin's price has consistently declined, forming a descending trendline. During this period, the digital asset failed to break through critical resistance levels.
Dogecoin Current Market Movement
Dogecoin has experienced a 9.47% price increase in the last 24 hours, reaching $0.2032. Its market capitalization stands at $30.2 billion, with a trading volume of $2.01 billion, indicating a 24.97% rise.
Dogecoin’s Development Prospects
The breakthrough above the descending trendline may signal a bullish sentiment. If Dogecoin maintains this upward trajectory, it could reach new price levels unseen since early 2025.
If Dogecoin can keep its upward trend, it may reach new price levels. The current price changes in Dogecoin present significant interest to market participants.
