Dogecoin Rally Tests Critical Resistance: Will the Meme Coin Break Out or Pull Back?

Dogecoin is showing signs of renewed strength on the daily chart, capturing the attention of crypto traders and technical analysts alike. Following a breakout from a consolidation zone, DOGE has surged toward a critical resistance level at $0.2026, a price point that has previously capped upward movement.

Technical indicators are aligning to support the bullish case. The 9-day and 20-day EMAs are now sloping upward, suggesting the short-term trend has shifted in favor of the bulls. At the same time, the RSI is climbing closer to overbought territory but still allows room for continuation—indicating rising buying momentum without yet flashing caution signals.

More significantly, the MACD has flipped into bullish territory with an expanding histogram, signaling growing momentum behind this move. These shifts are often early signs of a more sustained trend, especially when combined with strong price action and increasing volume.

$DOGE now finds itself at a potential turning point. A decisive close above $0.2026 could pave the way for further upside toward $0.22001 and even $0.23931, levels where traders may look to secure profits. However, if momentum fades, immediate support at $0.17522 and the lower zones around $0.17049 and $0.16727 may be retested—offering potential re-entry points for bulls or confirmation zones for short setups.

For traders and analysts, this moment marks a textbook setup: strong trend signals meeting established resistance, with volatility likely to follow.

📈 Will Dogecoin break through and launch toward new highs, or will resistance hold firm?

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Read the full analysis: www.ecoinimist.com/2025/05/09/dogecoin-price-momentum-strengthens