Dogecoin surpasses $0.20 resistance and the 200-day EMA, marking a significant bullish technical breakout in the 2025 trading year.
RSI above 70 indicates overbought conditions, but sustained trends often hold such levels in bullish cryptocurrency markets.
Market optimism and consistent trading volume support a possible move toward the next resistance level near $0.25.
Dogecoin has climbed to $0.21, surpassing the long-standing resistance near $0.20. This level had acted as a ceiling for several months, restricting upward price action. The latest move represents a firm shift in market dynamics, as DOGE also moved past its 200-day exponential moving average, a technical indicator closely watched by traders.
The new breakout is after the settlement of an ascending wedge pattern, which started to form towards the end of June. The breaking out of the upper limit of the wedge is an indication that the bullish motive is to continue. Dogecoin experienced a daily increase of more than 1 percent in the last 24 hours and strengthened the trend-based rally instead of a wave of high volume.
RSI is overbought The RSI is already above the overbought level.
The rally is also still backed with technical indicators. Dogecoin's relative strength index (RSI) has currently crossed the 70 mark, indicating the overbought status. Nonetheless, high RSI cannot be ignored, especially when they extend to long uptrends, especially in rush crypto markets. Traders are currently observing the tendencies of the price towards the $0.25 level, which wasexperienced earlier in May.
Volume patterns remain consistent with the current price surge, suggesting that this breakout is attracting continued interest. Broader cryptocurrency market optimism has also contributed to the strength behind Dogecoin’s move. The recent breakout occurs as major cryptocurrencies experience renewed buying activity, helping reinforce the current sentiment.
The next resistance level set near $0.25
Following the breakout past the $0.20 mark and the 200-day EMA, the next technical target for DOGE is near $0.25. This level previously acted as resistance during the second quarter of the year. A move toward that point would require sustained volume and favorable market conditions.
Dogecoin’s latest price action reflects a key technical shift supported by volume and broader market strength. Surpassing the 200-day EMA and breaching the psychological $0.20 barrier, the cryptocurrency is entering a zone of heightened interest. As price momentum continues, the focus now shifts toward the $0.25 resistance level.
The post Dogecoin Clears $0.20, Signals Major Breakout Amid Market Strength appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
