Dogecoin ($DOGE) has risen to major resistance near $0.25, sparking new interest as traders await the next move. The 12-hour chart shared by @ali_charts on May 13, 2025, shows that $DOGE is currently testing a price range that has consistently served as support and resistance over the past six months.
The asset is currently trading at $0.24903 after a +7.42% increase, pushing it into a fiercely competitive price range. Historically, this area between $0.23500 and $0.27000 has seen multiple rejections, confirmed by five distinct arrows on the chart marking reaction points. Traders are now closely monitoring to see if the price will break through or stall.
With increasing volume and prices hitting resistance, market participants prepare for a potential directional change. Price action at this level could shape the short-term trend and market sentiment of Dogecoin.
Historical rejection defines the price range of $0.25
The shaded resistance area displayed on the 12-hour chart marks a strong price memory zone. Dogecoin has faced at least five reaction points around this level since late 2024. Previous moves into this area were rejected, leading to significant price declines.
Three black arrows above in early 2025 clearly indicate a sell-off as $DOGE hit this resistance band. Similarly, two arrows below mark previous support bounces from the same area, showing how it reverses roles based on momentum. Repeated reactions confirm this price level as a pivot point for Dogecoin.
The current test marks the first time since early February that Dogecoin has approached this range with strong momentum. Whether that momentum is enough to push the asset through remains uncertain. Traders will look for confirmation from volume and candle closes before committing further.
Price breakout or rejection: What happens next?
With $DOGE at $0.24903, just under a cent below the critical resistance line, the price path ahead remains unclear. If the asset closes above $0.27000, it would mark a significant breakout from the recent range. This breakout could potentially open the door for a move towards $0.30000 and beyond.
However, if the price fails to break through the resistance, the likelihood of the price returning to the $0.21500 zone is a possible short-term outcome. That level served as a launching pad for the recent price surge and may again provide strong support if tested. Price action and volume around the resistance area are likely to determine the direction in the coming days.
Technical traders are monitoring structure, volume, and time to confirm a breakout. A clean candle closing above the resistance level may trigger a continuation of the trend. Without it, traders expect consolidation or possibly a pullback to lower support levels.
Can Dogecoin turn the resistance level into support at $0.25?
When Dogecoin tests its historical resistance range, traders pose an important question: can it hold firm and turn this level into support?
The answer will depend on the strength of the close, volume expansion, and trader confidence at this critical zone. If confirmed, the trend could continue its upward momentum. If rejected, a pullback could delay further increases.