Dogecoin has broken through the crucial $0.24 resistance level, breaking a long period of sideways consolidation and catching the bears off guard.
This breakout has reignited bullish sentiment across the entire meme coin market, with Shiba Inu Coin currently approaching the important level of $0.00002 after its own technical breakthrough.
Solana is also following closely, with prices breaking the $200 mark driven by strong trading volume and a large number of open contracts.
With the rapid development of the Dogecoin industry and funds flowing back into the high-risk, high-reward cryptocurrency market, emerging projects like Maxi Doge are actively preparing to embrace this wave of speculation and hype.
Dogecoin has broken through a key resistance level.
Dogecoin has successfully broken through $0.24, breaking free from the rebound resistance it faced multiple times in recent weeks. From a technical perspective, the 50-day exponential moving average is expected to break the 200-day EMA, signaling a potential golden cross pattern, which typically indicates a continuation of the upward trend.
As trading volume and price have both surged significantly, rising over 20% in the past 24 hours, with a market capitalization reaching $4.25 billion, this indicates a substantial accumulation rather than a brief short squeeze.
Currently, DOGE has stabilized above all three major moving averages, with market sentiment changing significantly, prompting short-term traders and long-term holders to re-enter the market.
As the upward momentum continues, we expect Dogecoin's price to reach $0.55 by the end of 2025.
SHIB and SOL have also joined this wave of increase, performing impressively in the wake.
Shiba Inu Coin has successfully broken out of the descending triangle pattern, marking the end of the consolidation phase and signaling the beginning of a new bull market.
The token has risen over 10% in the past week but is currently facing a key test at the 200-day EMA. The 200-day moving average has been an important resistance level affecting the movement of $SHIB. If it can break through and maintain volume support, it could open up upward space, targeting $0.000015 and potentially breaking $0.00002.
To further intensify bullish sentiment, over $93.58 million worth of SHIB has been burned in the past seven days, leading to a reduction in supply and enhancing upward momentum.
Solana has also broken through $200 in a strong rise, a trend reminiscent of the classic Ethereum rebound pattern from past cycles, showcasing strong market potential.
The current price is at a key resistance level, and if it can effectively break through, it may rapidly climb to $220 or higher.
This price surge is accompanied by strong trading volume (over $12 billion), which further validates that this is not a false breakout, but an increase with substantial support.
With the rapid rise of the Meme Coin market, the presale of Maxi Doge has also begun to attract widespread attention.
Dogecoin has broken $0.24, reigniting the meme coin market, while $SHIB targets $0.00002, and $SOL has even broken $200.
In such a risky environment, the active brand promotion of Maxi Doge and the rapidly growing presale perfectly cater to the market's new demand for high-volatility assets.
However, it is worth noting that meme coins remain highly speculative.
