$DOGE

Dogecoin ($DOGE) Bullish Outlook – Eyes on $0.30?

1. Trendline Breakout Signals Bullish Shift Dogecoin has decisively broken out of a descending trendline, confirming a bullish market structure. With Bitcoin setting new all-time highs, the broader crypto sentiment has turned optimistic, giving DOGE additional lift. Currently trading around $0.25, Dogecoin has gained about 2% in the last 24 hours, reinforcing this positive momentum.

2. Strong Rebound from Support Zone Earlier this week, DOGE bounced off the $0.1950–$0.2150 support zone, a historically significant demand area. The defense of this zone by buyers suggests renewed interest and confidence. Since then, the price has moved up steadily, indicating that the bulls are firmly in control.

3. Ascending Channel – A Healthy Uptrend Since bottoming out at $0.13 on April 7, Dogecoin has been trading within an ascending channel. The formation of higher highs and higher lows within this channel points to a sustained uptrend. Currently, DOGE is approaching the midline of the channel, which could act as either a springboard or a short-term resistance. A solid hold above this level could open the path toward the upper boundary.

4. Analyst Targets: $0.2530 → $0.2750 → $0.3035 According to analyst Melika, three key resistance levels are in focus:

$0.2530: A near-term hurdle; breaking above it could fuel the rally.

$0.2750: Aligns with the channel top – a crucial test for sustained momentum.

$0.3035: Major horizontal resistance; a breakout here could signify a full bullish reversal from the February downturn.

buy and trade here $DOGE .