Dogecoin surged from $0.17 to $0.27931, breaking key $0.25 resistance with strong RSI at 74.17, signaling bullish momentum.
Price consolidates near upper Bollinger Band at $0.27911, but falling volume and upper wicks hint at short term exhaustion.
A breakout above $0.28 could target $0.30–$0.33, with analyst predicting $0.6533 and $1.25 as long term bullish targets.
Dogecoin has made a strong upside move after weeks of consolidation, up from a low of $0.17 in late June to a local peak of $0.2793. At press time, DOGE was trading at $0.2723, showing a 7.53% increase.
This upward move broke through the key $0.25 level, a zone that has historically acted as both support and resistance. The price is trading between the $0.27–$0.28 range, an area that has seen repeated rejections since early 2025.
Sellers are active at this resistance, as seen by the wicks forming above $0.27 on multiple daily candles.
DOGE Consolidates After Rallying to Upper Bollinger Band
Since early July, Dogecoin has sustained a strong upward movement, rallying from around $0.18 to near $0.28. The price is consolidating near the upper Bollinger Band at $0.27911, with the 20 SMA at $0.25189.
The lower band is at $0.22468. Price is above the 20 period average, indicating continued bullish control.
DOGE/USDT 1-day price chart, Source: TradingView
However, current candles show signs of rejection and reduced momentum near the $0.28. Upper wicks and decreasing volume hint at potential exhaustion in the short term.
RSI and Volume Data Indicate Slowing Momentum
Dogecoin RSI is at 74.17, crossing above the 70 overbought level. This suggests strong buying pressure but also a possible stall or range in price. The RSI moving average at 71.23 supports the persistence of bullish momentum.
At the same time, volume has dropped, with daily activity at 408.12 million. This decline could affect the ability to push past current resistance, especially without renewed demand. Analysts are monitoring price behavior around the $0.275–$0.28 zone.
Breakout Above $0.28 May Trigger Further Upside
Dogecoin is holding above its 20 SMA, which acts as a support line at $0.2518. Maintaining this support could allow another attempt toward $0.30 and $0.33. Should price fail to stay above this level, a pullback to $0.225 or $0.20 is possible.
According to analyst Javon Marks, a sustained breakout could drive DOGE toward $0.6533, a 141% potential rise from current levels. If that target breaks, DOGE may even approach $1.25111. Still, the $0.27–$0.28 area remains the near term barrier.
Overall, Dogecoin has established a bullish structure with key support now at $0.25. Resistance is firm near $0.28. The next upside targets include $0.30, $0.33, and potentially $0.6533. However, volume and RSI levels suggest caution as the market tests its next breakout phase.
The post Dogecoin Eyes $0.6533 After Breaking Key Resistance as Analyst Predicts a 141% Surge appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
