DOGE breaks resistance at $0.25 and aims for targets of $0.35–$0.42
DOGE is trading at $0.271, with a market capitalization of $40.73 billion after surpassing the key resistance of $0.25. In the last 48 hours, the volume surged by 108.5%, while whales added over 1.08 billion DOGE (approximately $268 million) and moved 320 million tokens from exchanges to private wallets.
Technical Outlook
• Confirmation of the double bottom pattern points to a strong bullish bias
• MACD indicates a positive trend, with an accuracy of 56.5%
• Long-short ratio above 183 reveals extreme optimism among traders
• Price targets: $0.35 in the short term and up to $0.42 if the momentum holds
• Strong support at $0.25; relevant resistance between $0.30–$0.32
Trading Strategy
Monitor whale flows. Consider scaling entries from $0.25 and establish protective stops to limit risks.
Sentiment on Binance remains 93% positive, although there is caution regarding potential corrections after intense rallies.