Dogecoin’s current price structure mirrors its pre-breakout formation from late 2023, signaling potential continuation.
Price has rebounded from $0.12 support and now tests a descending resistance trendline traced from April and March highs.
Trading volume spiked 309.52% in 24 hours, with DOGE hitting $0.175 intraday, suggesting increased market activity and interest.
Dogecoin’s weekly chart structure is now mirroring a formation last seen before its 2023 breakout. Market data shows DOGE recently rebounded near the $0.12 zone after testing it several times between May and June. This area previously acted as a stable support level during a prolonged correction phase that followed its early 2024 rally. With resistance from a downward-sloping trendline now under pressure, DOGE is positioned near a critical breakout threshold.
Consolidation Phases Show Repeating Structure
According to an observation done by Cryptoanup, it is seen that between late 2022 and late 2023, Dogecoin traded inside a descending triangle pattern. Price action showed lower highs but consistent support near $0.055. A breakout followed in November 2023, leading to a strong upward move that peaked close to $0.23 in early 2024. After this high, the market entered a retracement phase lasting several months.
Source: CryptoAnup (X)
Dogecoin formed a wedge pattern marked by a descending trendline and multiple retests of horizontal support. This pattern persisted throughout mid-2024 and early 2025. Despite extended corrections, DOGE continued to record higher lows, forming a long-term ascending support trendline.
Resistance Line Aligns With Expansion Targets
The resistance currently in focus extends from the April 2024 and March 2025 highs. If DOGE breaks this line, the price could re-enter the channel that defined previous growth phases. The projected price path outlines a potential move toward $0.45, with extended resistance near $0.60 and $1.10.
The expected move follows a similar post-breakout acceleration seen in late 2023. That structure also transitioned from accumulation to expansion without major retracements. Current momentum levels and volume trends remain similar to the prior breakout phase.
DOGE has continued to respect an ascending support trendline dating back to early 2023. Each price correction bounced above the previous low, maintaining bullish structural consistency. If DOGE moves past the downtrend resistance, the next major zones lie near previous local highs.
Dogecoin Current Market Trend
Tracking the ongoing market trends as of press, CoinMarketCap data indicates that Dogecoin trades at $0.1715, gaining 4.33% over the last 24 hours. Market capitalization rose to $25.73 billion, also up 4.34%. The 24-hour trading volume increased sharply to $1.52 billion, marking a 309.52% surge.
Source: CoinM arketCap
The fully diluted valuation also matched the market cap at $25.73 billion during the same period. The current formation and price compression now align with historical movement seen ahead of earlier breakouts. Market structure, resistance alignment, and support interaction form the basis of this projected upward path.
