DOGE breaks key trendline, repeating 2024 rally setup after $0.10 to $0.48 surge pattern.
Price holds above $0.23 pivot with whale accumulation and strong volume backing bullish momentum.
Technicals show room to $0.27–$0.29 if resistance levels are cleared and support zones hold.
Dogecoin has broken above a key descending trendline after a prolonged downtrend, echoing a similar setup from 2024 before the rally from $0.10 to $0.48. Current market conditions show price action holding gains above $0.23, supported by steady volume and increased large-holder activity.
Breakout Pattern Mirrors 2024 Rally Setup
Dogecoin’s recent move mirrors its 2024 rally, as noted by GalaxyBTC on X after a trendline retest. The previous breakout led to a sharp rally toward $0.50, and a comparable structure has now formed in mid-2025. DOGE is trading at $0.2386, recording a 7.24% gain in the past 24 hours.
https://twitter.com/galaxyBTC/status/1954029694002848070
The market capitalization has reached $35.9 billion, while trading volume is $2.7 billion. The volume-to-market cap ratio stands at 7.5%. Price action began near $0.2234 before climbing sharply and holding above $0.23 for most of the session.
KrissPax noted that penny by penny, higher and higher, if DOGE can cleanly move up a little more above 24, then pull back to maybe 23.99, that will be a clean setup to begin the path to $0.25 next.
Technical Structure and Key Price Levels
On the technical side, the DOGE RSI stands at 57.52, leaving room before overbought levels. The price is above its 7-day SMA at $0.21 and its 20-day SMA at $0.22, confirming a breakout from recent consolidation. Bollinger Bands show room for upward movement toward the upper band at $0.27.
Immediate resistance is seen at $0.29, while support lies at $0.19 and $0.14. The daily pivot point is $0.23, which DOGE has reclaimed. According to market data, sustained trading above this level could open a path toward the $0.25–$0.29 range.
Increased whale accumulation over the past 48 hours has supported the bullish trend. This follows renewed speculation of DOGE payment integration on the X platform, which previously triggered short-term rallies.
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