$DOGE in Bullish Mode – After Trendline Breakout, Is $0.30 the Next Target?
Excitement in the crypto market has surged ever since Dogecoin (DOGE) broke through a major trendline. Bitcoin’s new all-time highs have turned overall market sentiment bullish, and Dogecoin is riding this rally too.
From the lows in April until now, DOGE has shown a steady recovery and is currently trading near $0.25. This breakout signals that the bearish pressure has ended, and the bulls have taken control.
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Strong Bounce and Beginning of an Uptrend
At the beginning of the week, Dogecoin bounced from the $0.1950–$0.2150 support zone. This area previously acted as a demand block, where buyers regained control of the market. The price not falling below this zone was a positive sign, and it has now become a strong support level.
From $0.215, DOGE has rallied up to $0.2447 so far, marking a 2% gain in the last 24 hours. This breakout has broken a descending trendline, indicating a shift to a bullish market structure.
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Ascending Channel and Bullish Structure
Dogecoin formed a recent low of $0.13 on April 7 and has been trading within an ascending channel since then. This channel represents a bullish trend, where the price is gradually forming higher highs and higher lows.
The key point to watch now is how DOGE behaves around the midline of this channel. If it holds the midline as support, the price could move directly toward the top of the channel.
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Melika’s Analysis: Three Bullish Targets
Crypto analyst Melika has predicted three key levels for Dogecoin:
1. $0.2530 – This is the swing high from May 11. If this level breaks, the rally could strengthen further.
2. $0.2750 – This level lies near the upper boundary of the ascending channel. Reaching it would confirm the bullish trend.
3. $0.3035 – The strongest horizontal resistance. It acted as solid support in January but was broken in February. A breakout above this level would signal a full recovery from the bearish phase.
