Dogecoin is making a strong comeback as it officially breaks out of the key resistance area of $0.25, recording an impressive 34% increase in the past 7 days. At the time of writing, DOGE is trading around $0.27, up over 9% in the last 24 hours, generating significant excitement in the cryptocurrency investment community.

🔍 Technical Analysis: Confirmed Breakout – But RSI Indicates Overbought

After weeks of fluctuation, DOGE has finally closed a daily candle above the strong resistance area of $0.25, confirming a previously formed breakout pattern. Increased trading volume, along with significant capital flow returning, indicates that the current bullish momentum is well-founded.

  • The RSI (Relative Strength Index) continues to make new highs, in sync with the bullish momentum—a signal indicating that the market is currently supported by genuine momentum.

  • However, the RSI is also entering the overbought territory, which suggests that investors should be cautious of a slight pullback in the short term.

  • As long as the price holds above the support area of $0.25 in the event of a pullback, the bullish structure remains intact.

🎯 Next Price Target: $0.31 – $0.42

With the breakout above the $0.25 threshold, analysts are now focusing on the next target areas:

  • $0.31 and $0.42 are the next resistance areas, determined based on historical prices and previous trading volume clusters.

  • Analyst Ali also added that the areas of $0.33 and $0.40 will serve as attractive zones if the bullish trend continues.

  • These price levels will remain feasible as long as DOGE maintains a price base below at $0.25.

🐋 Whales Make Big Bets – Signals of Confidence in the Bull Run

In the past 48 hours, large wallets have bought over 1 billion DOGE, worth more than 250 million USD at current prices. This is a strong sign of confidence from 'whales' in the ongoing bullish trend.

Notably, leveraged trading activity in the DOGE derivatives market is also significantly increasing:

  • A whale has taken profits of over 2 million USD from a previous long DOGE position.

  • Shortly after, this individual opened a new position worth over $21 million with 10x leverage, indicating high expectations for the next breakout.

📌 Summary

With increased trading volume, strong accumulation by whales, and reinforced technical momentum, Dogecoin has a great chance of targeting price areas of $0.31 – $0.42 in the near future. However, investors should also closely monitor the support level of $0.25, as this is a critical area for consolidating the bullish trend in the short term.

➡️ If DOGE maintains its current momentum, the altcoin season could genuinely be starting, and Dogecoin—with its strong community and social media effect—will not be overlooked.