Dogecoin (DOGE) is known for its wild price swings, but the next big rally might depend on a technical hurdle that is proving tricky to overcome. After months of trading in a tight range, DOGE is getting close to a setup that could lead to a 300% surge, but it will need to meet one important requirement first, reports crypto analystAli Martinez.
Keep an eye on the $0.20 mark. If theDogecoin price closes above that level this month, it will show that it is breaking out of a resistance zone that has been holding it back since early 2024 - a psychological hurdle that, once cleared, could shift market sentiment and lead to a move back toward the all-time high near $0.74.
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The latest numbers show a slow but sure improvement.DOGE is doing well inside a long-term rising channel on the monthly chart, with higher lows building quietly underneath. Short-term action seems good too, with the price remaining steady above some key averages and early signs of momentum on indicators like the RSI.
If #Dogecoin $DOGE can secure a monthly close above $0.20, it could pave the way for a rally toward its all-time high of $0.74. Such a breakout would signal strong bullish momentum and potentially attract increased investor interest. pic.twitter.com/ky88B6XFZy
— Ali (@ali_charts) April 28, 2025
But that kind of setup does not happen automatically. If it does not close over $0.20 by the end of the month, it might get stuck in its current range. That could keep the bullish hopes on the sidelines a bit longer.
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The bigger story here is about credibility. If DOGE breaks out, it will be a big win for the coin, and it will also give a boost to the rest of the altcoins that are having a tough time right now. Momentum is everything, and right now,Dogecoin is about to make a move that could get a lot more attention if it goes the right way.
So, here is the big question: Can DOGE close strong and flip the script, or will another month of hesitation push the rally further out of reach? The setup is all ready to go.
