Dogecoin decisively breaks the $0.25 resistance zone, signaling a confirmed bullish structure and strong investor interest returning to the altcoin.
The RSI forms a higher high alongside price, with no divergence, confirming the legitimacy and strength of Dogecoin’s upward momentum.
If the $0.25 support holds after a retest, Dogecoin could extend gains toward the $0.31 and $0.42 resistance zones in the coming sessions.
Dogecoin (DOGE) has confirmed a major bullish break above the $0.25 resistance level, meaning a new confidence amongst the investors. After the price increased by 31.76 % last week and touched a new peak of $ 0.2725, the momentum is gaining and gaining momentum The Relative Strength Index (RSI) also validates this move.
Technical Breakout Supported by Strong Momentum
In a recent tweet, Trader Tardigrade highlighted Dogecoin’s clean breakout above the $0.25 resistance level. The daily chart shows a powerful candle close above this mark. Consequently, this zone now flips into a vital support level.
https://twitter.com/TATrader_Alan/status/1947112568159666176
Moreover, the RSI offers strong confirmation. Both DOGE price and RSI have formed higher highs. Besides, there is no sign of bearish divergence, which often suggests false breakouts. This alignment adds conviction to the bullish setup.
Additionally, this surge in momentum has propelled the RSI into overbought territory. It currently sits above 70, indicating possible short-term overheating. However, this is not necessarily bearish. Many coins consolidate before making their next leg up in such conditions.
Healthy Pullback Likely Before Higher Targets
All that notwithstanding, there might be a pullback soon, despite the bullish outlook. Therefore, retracement to the area of the $0.25 support area would be a healthy retracement. This move could stabilize the RSI and attract more buyers. It also reinforces the breakout structure.
Significantly, if $0.25 holds firm, Dogecoin may resume its rally. The next upside barrier lies at $0.31, followed by $0.42. The $0.42 target aligns with previous swing highs and represents a key psychological level.
Moreover, Dogecoin’s trading volume has surged to over $20 billion in 24 hours. This supports the price action with strong market participation.
Hence, the overall structure points to bullish continuation. As long as the $0.25 zone holds, the breakout remains intact.
Conclusion
Dogecoin’s breakout above $0.25 is real and technically confirmed. The RSI supports this move, and no bearish divergences appear. A short-term pullback could occur, but this would likely set the stage for fresh highs. Eyes now turn toward $0.31 and eventually $0.42.
The post $DOGE Breaks Above $0.25—Eyes $0.31 and $0.42 as Momentum Surges appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
