Dogecoin price chart projects 25% gains, but this must happen first

Dogecoin's recent 7.5% rally is cooling off, but traders anticipate an uptrend continuation. For Dogecoin (DOGE) to secure gains toward $0.25, it must first overcome significant resistance levels. Specifically, the price needs a clear break above the $0.20 resistance, which aligns with the 200-day Simple Moving Average (SMA) and a large supply cluster identified by Glassnode. Breaking the 20-day Exponential Moving Average (EMA) at $0.22 would signal reduced selling pressure, potentially pushing DOGE toward $0.23 and eventually $0.29. Furthermore, on the four-hour chart, DOGE is trading within a symmetrical triangle; a confirmed bullish breakout above the upper trendline at $0.20 would target $0.246, equating to a 25% gain from current levels. Some analysts suggest even higher targets based on historical market structures.

(Source：Cointelegraph)