After several failed attempts to maintain the upward momentum, the price of Dogecoin (DOGE) has now returned to the local peak near 0.176 USD, a signal suggesting that the bulls are gradually regaining control. Nevertheless, strong resistance from the bears is still making it extremely difficult and prolonged to break through and maintain above the 0.18 USD mark. Currently, DOGE seems to be building potential for a significant breakout, but the timing may vary from short-term (a few days or weeks) to medium-term (a few months), even extending to the end of 2025.

The Bulls Are Rising But Not Yet Victorious

In this month, DOGE has surpassed the 0.175 USD mark twice, indicating that buying pressure is significantly increasing. However, the 0.18 USD mark – an important psychological threshold – remains a major barrier to the current upward momentum. This is not only a price level of technical significance but also an area where a large amount of DOGE is 'trapped', creating significant selling pressure whenever the price approaches.

Important Resistance Levels According to UTXO: Warning of Strong Volatility

Famous analyst ALI recently shared insights based on price distribution data according to UTXO (Unspent Transaction Output). According to him, the three price levels of 0.18 USD, 0.21 USD, and 0.36 USD are important resistance thresholds because a large number of UTXOs have been formed here – a sign of strong trading in the past.

Having many UTXOs at a specific price level often reflects that a lot of investors have bought in at that level. When the price returns to this area, profit-taking pressure will increase, creating natural resistance and causing the market to become highly volatile if challenged.

What Does DOGE Need to Do to Maintain the Upward Trend?

  • The first step is to break through and maintain above the 0.18 USD mark – this will establish a positive sentiment in the short term.

  • The next step is to challenge the 0.21 USD region, if successful it could pave the way for a stronger upward trend in the medium term.

  • The long-term goal is to surpass 0.36 USD, which could lead to a real price explosion as much of the selling pressure from previous UTXOs is absorbed.

However, investors should also note that if these resistance levels cannot be surpassed, DOGE will continue to be stuck in a sideways range or may even decline further due to pressure from the bears returning.

Conclusion

Dogecoin is currently at an important threshold to determine medium and long-term trends. On-chain data such as UTXO shows that the price levels of 0.18 USD, 0.21 USD, and 0.36 USD will be key challenges. In the context of the crypto market seeking new momentum, if DOGE successfully breaks through these levels, it could create a strong ripple effect in the community and attract additional capital from new investors.