Analyze Dogecoin (DOGE)

The first wave of consolidation for Dogecoin occurred last Tuesday, having previously failed to break through the direct resistance level of $0.25. After falling below $0.21 and shaking off weakness, Dogecoin is likely to break through this level. However, Dogecoin may touch the resistance level multiple times before breaking through.

Once it finally breaks through, Dogecoin is expected to rebound strongly to the $0.4 mark, which was last seen at the end of January this year, stemming from its previous explosive rise.

The last time Dogecoin touched this key level, it triggered a significant pullback in the following months, only regaining support in April. If Dogecoin breaks through the $0.4 level again, the upward momentum may continue as buying pressure increases.

As Dogecoin's price is about to welcome a new round of increases, $0.26 will be a key resistance level. This level remains the most important resistance point for Dogecoin. Breaking through this level may signal the beginning of an uptrend.