Dogecoin breaks out of the triangle pattern with price aiming for $0.40–$0.45 resistance zone.
Strong volume recorded near $0.198–$0.213, with $0.200 acting as key support during pullbacks.
Bitcoin’s rally boosts DOGE momentum as traders watch $0.208–$0.210 zone for breakout confirmation.
Dogecoin has gained 18.87% over the past seven days and recently broke out of a descending triangle. With price now stabilizing above $0.19, analysts are watching for continuation toward the next major resistance. Patterns on the chart, volume confirmation, and broader market strength support the outlook for a move toward $0.40.
Bullish Patterns and Key Resistance Levels
Dogecoin recently broke above the descending triangle trendline that had limited its price for weeks. The structure was defined by lower highs and horizontal support near $0.145. The breakout occurred with a notable increase in volume, signaling fresh buyer interest.
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Following this, DOGE/USDT rose to $0.212 before correcting slightly to trade at $0.1941. Technical charts show a bullish structure in development. Analysts consider this setup to indicate continuation of upward momentum. Over $1 billion in volume was recorded between $0.198 and $0.213, where resistance became visible.
Experts now expect a retest of this range before targeting the $0.40 to $0.45 resistance zone. Analysts also noted $0.200 as a psychological support level to monitor during any potential pullbacks.
Volume Stability and Broader Market Conditions
According to CoinMarketCap, Dogecoin’s market cap is $29.14 billion, with a 24-hour volume of $2.71 billion. This reflects a 20.91% decline in daily activity, though interest remains strong.
The volume-to-market-cap ratio is currently 9.26%, showing active participation in trading. Analysts observed that support held between $0.200 and $0.201 after a modest retreat from $0.213. This suggests that buyers are positioned for continuation.
Bitcoin's rally to $118,000 also provided momentum across the altcoin market, further supporting Dogecoin’s trend. According to chart data reviewed by analysts, the next target remains $0.40 if DOGE can confirm strength above the $0.208 to $0.210 zone.
The post Dogecoin Breaks Out of Descending Triangle as Price Targets Shift Toward $0.40 Resistance Zone appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
