Dogecoin’s breakout above $0.22 and ascending trendline hints at continuatioDogecoin’s bullish breakout above $0.22 signals potential moves toward $0.35, $0.50, and $1.13, supported by Fibonacci and structural trends.n toward $0.35, $0.50, and $0.70 resistance targets.
Long-term Fibonacci extensions project DOGE to $1.13, fueled by a 20-month MA recovery and a confirmed higher-low macro structure.
With bullish momentum building, DOGE’s hold above $0.22 support is critical for sustaining its path toward $0.30 and beyond.
Dogecoin is trading above $0.22 after a sustained bullish breakout, holding key structural levels that hint at further upside. With psychological resistance zones looming and momentum building, price action appears positioned for a significant continuation.
DOGE Eyes Major Upside After Reclaiming Trend
According to an analysis shared on X, Dogecoin has completed a critical breakout above its May descending trendline, establishing a sharp upward trajectory. The $0.22521 price reflects a 1.97% daily gain and positions DOGE firmly above the local volatility zone. Intraday wicks signal aggressive buying, as price repeatedly pushes above the $0.22787 resistance high. The bounce from $0.12 in Q2 2025 now forms a confirmed higher low, supporting the ongoing uptrend.
Price continues to respect the new ascending support trendline, forming a triangle pattern that aligns with bullish continuation setups. The breakout candle in May invalidated the previous downtrend, shifting market structure decisively. With no lower lows since the Q2 retracement, bullish control remains evident.
Structural resistance targets are now projected at $0.35, $0.50, and $0.70 before the final extension to $1.02221. The curved trajectory shown on the chart visualizes an exponential move through these zones, confirming long-term bullish formation. What confirms the strength behind this setup is the lack of return to sub-$0.10 levels since 2023. That macro bottom holds firm, anchoring the broader cycle.
Support at $0.22 now becomes an inflection level for future price action. Does DOGE have the strength to clear $0.35 before Q3 begins? The projected path suggests that failure to hold this region could delay upside targets, but current price action favors continuation.
Is DOGE Entering a New Fibonacci-Led Expansion Phase?
Monthly chart behavior adds confluence to the daily pattern, with price holding above key moving averages. Fibonacci extension analysis now sets a long-range price framework, showing DOGE entering a potential recovery leg.
The chart from 2014 to 2027 shows DOGE climbing above its 20-month moving average, signaling recovery from a multi-year correction. With $0.30244 acting as the next resistance, derived from the 0.618 retracement of the 2021 rally, the market is watching closely.
Price is currently embedded in a long-term Fibonacci extension, pointing toward $1.13563 as the 1.618 target. This zone matches historical vertical rallies seen in previous cycles. The monthly structure mimics 2021’s parabola, raising the question—will DOGE maintain the higher-low structure long enough to ignite a repeat move?
Price must first overcome $0.30, but with recent candle shifts to green, the pattern shows bullish resilience. Despite these signals, traders now watch closely as DOGE consolidates just beneath its breakout threshold. The structure is built, and continuation depends on execution.
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